Neptune Digital Assets (CVE:NDA) Stock Price Up 18.1% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 18.1% on Tuesday . The company traded as high as C$2.38 and last traded at C$2.35. 1,160,116 shares changed hands during trading, a decline of 8% from the average session volume of 1,262,479 shares. The stock had previously closed at C$1.99.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their price target on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a report on Monday, December 23rd.

Neptune Digital Assets Price Performance

The firm has a market capitalization of C$276.13 million, a P/E ratio of -8.67 and a beta of 3.25. The stock’s fifty day simple moving average is C$1.09 and its 200 day simple moving average is C$0.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

About Neptune Digital Assets

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.