Eightco Holdings (OCTO) AI Stock Analysis

• Market Cap: $4.17M
• Dividend Yield: N/A
• Average Volume (3M): 134.42K
• Price to Earnings (P/E): 1.8
• Beta (1Y): 2.31
• Revenue Growth: -42.17%
• EPS Growth: 96.10%
• Country: US
• Employees: 23
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Packaging & Containers
• EPS (TTM): N/A
• Shares Outstanding: 3,044,744
• 10 Day Avg. Volume: 62,747
• 30 Day Avg. Volume: 134,424
• PEG Ratio: 0.77
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $1.50 ▲( 11.94% Upside)

The overall score is significantly impacted by financial weaknesses, including persistent losses and high leverage. Technical analysis provides some short-term optimism, but valuation concerns due to a negative P/E ratio limit the stock's appeal. Immediate strategic improvements are necessary for better financial health.

Eightco Holdings Business Overview & Revenue Model

Company Description

Eightco Holdings (OCTO) is a diversified company operating across multiple sectors, primarily focusing on technology-driven solutions and innovative business services. The company engages in the development and deployment of advanced technologies, providing a range of products and services designed to enhance efficiency and drive growth for its clients. Eightco Holdings leverages its expertise in technology to deliver value across various industries, ensuring a robust and adaptive business model.

How the Company Makes Money

Eightco Holdings generates revenue through a combination of product sales, subscription services, and strategic partnerships. The company offers technology products that are sold directly to consumers and businesses, creating a steady stream of revenue from product sales. Additionally, Eightco Holdings provides subscription-based services that offer continuous value to clients, ensuring a recurring revenue model. Strategic partnerships and collaborations with other firms enhance the company's market reach and provide additional revenue streams through shared ventures and collaborative projects. Key factors contributing to its earnings include its ability to innovate in technology and maintain strong relationships with partners and customers.

Eightco Holdings Financial Statement Overview

Summary

Eightco Holdings faces significant financial challenges with declining revenue and negative EBIT and EBITDA in the TTM. While there is a marginal net profit, high leverage and negative cash flows pose financial instability risks.

Income Statement

The income statement shows a declining trend in revenue over the TTM period compared to the previous year, with a significant negative EBIT and EBITDA indicating operational challenges. However, the company managed to achieve a marginal net profit in the TTM, showing some signs of improvement.

Balance Sheet

The balance sheet reveals a high level of leverage with a debt-to-equity ratio that suggests potential financial risk. Although stockholders' equity is positive in the TTM, it has been negative in recent years, pointing towards a volatile financial position. The equity ratio remains low, further indicating reliance on debt financing.

Cash Flow

The cash flow statement shows negative free cash flow in the TTM, but there is a slight improvement compared to previous periods. Operating cash flow remains negative, suggesting ongoing operational inefficiencies. The free cash flow to net income ratio is problematic due to negative values in past years.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
15.18M	75.30M	31.82M	7.87M	6.72M	5.83M
	Gross Profit
2.46M	8.49M	2.19M	2.19M	2.03M	1.62M
	EBIT
-5.18M	-9.98M	-15.51M	-1.20M	-290.67K	-122.10K
	EBITDA
-5.40M	-53.72M	-39.80M	-290.53K	-290.67K	-8.82K
	Net Income Common Stockholders
-4.28M	-68.32M	-47.26M	-1.21M	-402.97K	-40.42K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
78.70K	5.25M	5.58M	66.58K	176.76K	78.70K
	Total Assets
0.00	55.41M	58.60M	11.10M	2.92M	2.78M
	Total Debt
0.00	36.90M	34.58M	4.62M	410.47K	513.42K
	Net Debt
78.70K	31.65M	29.00M	4.55M	233.71K	434.72K
	Total Liabilities
0.00	59.76M	52.79M	11.74M	651.88K	700.29K
	Stockholders Equity
2.08M	-3.93M	6.13M	-514.37K	2.27M	2.08M
Cash Flow		Free Cash Flow
-6.38M	-6.88M	-16.98M	-1.06M	-83.40K	76.82K
	Operating Cash Flow
-5.85M	-6.40M	-16.72M	-549.98K	193.07K	122.06K
	Investing Cash Flow
-3.24M	-295.15K	468.42K	-4.00M	-276.48K	-45.23K
	Financing Cash Flow
48.65M	6.36M	20.92M	4.62M	181.46K	-983.83K

Eightco Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OCTO, the sentiment is Neutral. The current price of 1.34 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.20, and below the 200-day MA of 1.65, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 53.15 is Neutral, neither overbought nor oversold. The STOCH value of 35.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OCTO.

Eightco Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRT	78 Outperform	$623.45M	20.72	19.64%	4.99%	6.21%	1.47%
MYE	67 Neutral	$465.41M	44.48	3.69%	4.35%	3.92%	-73.64%
Sector *	62 Neutral	$6.97B	11.36	2.77%	3.91%	2.66%	-22.00%
PACK	54 Neutral	$299.03M	―	-3.89%	―	10.11%	6.77%
OCTO	47 Neutral	$4.17M	1.80	-63.50%	―	-42.17%	96.10%
YHGJ	47 Neutral	$21.54M	―	-17.01%	―	1.21%	-3.80%