Eightco Holdings ( (ORBS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Eightco Holdings’ stock is experiencing a downward trend primarily due to persistent financial losses and high leverage, which have overshadowed their recent efforts to improve investor relations through a new presentation and video. Despite some technical indicators suggesting upward momentum, the stock is seen as overbought with unattractive valuations stemming from negative earnings. Additionally, recent corporate events have further constrained the company’s ability to raise capital.
More about Eightco Holdings
YTD Price Performance: 453.50%
Average Trading Volume: 5,869,387
Technical Sentiment Signal: Buy
Current Market Cap: $2.01B
For further insights into ORBS stock on TipRanks’ Stock Analysis page.
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