Neptune Digital Assets (CVE:NDA) Stock Price Up 17.8% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 17.8% on Friday . The stock traded as high as C$2.00 and last traded at C$1.99. 1,526,675 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 952,130 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised 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 Stock Performance

The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The company has a market capitalization of C$262.14 million, a P/E ratio of -8.67 and a beta of 3.25. The business has a 50-day moving average of C$1.05 and a 200-day moving average of C$0.62.

Neptune Digital Assets Company Profile

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.