Eightco (NASDAQ:OCTO) Shares Down 1% – What’s Next?

Eightco Holdings Inc. (NASDAQ:OCTO)’s share price was down 1% during trading on Tuesday . The company traded as low as $1.85 and last traded at $1.87. Approximately 7,224 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 56,291 shares. The stock had previously closed at $1.89.

Eightco Price Performance

The business has a 50-day moving average of $1.71 and a 200 day moving average of $1.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.35 and a quick ratio of 0.22.

Institutional Trading of Eightco

A hedge fund recently bought a new stake in Eightco stock. Geode Capital Management LLC bought a new stake in Eightco Holdings Inc. (NASDAQ:OCTO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,828 shares of the company’s stock, valued at approximately $30,000. Geode Capital Management LLC owned approximately 0.57% of Eightco at the end of the most recent reporting period. 12.85% of the stock is owned by hedge funds and other institutional investors.

About Eightco

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023.