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How to Buy Eightco Holdings Stock

Eightco Holdings Inc

Eightco Holdings Inc. provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America.

Eightco Holdings stock last closed at $0.79, up 1.28% from the previous day, and has decreased 82.29% in one year. It has underperformed other stocks in the Packaging & Containers industry by 1 percentage points. Eightco Holdings stock is currently +83.72% from its 52-week low of $0.43, and -83.71% from its 52-week high of $4.85.

At the moment, there are 4.34M shares of OCTO outstanding. The market cap of OCTO is $3.43M. In the past 24 hours, 73,174 OCTO shares were traded.

How to Buy Eightco Holdings Stock

Not sure how to invest in Eightco Holdings stock? Here's how.
  1. Choose where to buy Eightco Holdings stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Eightco Holdings stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Select your method of payment and add your details.
  4. Analyze Eightco Holdings stock: The Eightco Holdings ticker symbol is OCTO. Is Eightco Holdings stock a good investment? Should you buy shares of OCTO? How do OCTO's underlying business fundamentals look? Do top analysts think Eightco Holdings is a good buy? Why has OCTO's stock price moved recently? (Hint: Our stock research tools can help you understand if OCTO is a good stock to buy).
  5. Place your OCTO trade: Decide if you will purchase OCTO shares at the current market price or use a limit order to buy OCTO stock at a particular price.
  6. Get notifications regarding your OCTO investment: Create a watchlist to key updates about your new investment in Eightco Holdings stock.

Step 1: Choose where to buy Eightco Holdings stock

You will need a brokerage account to access the NASDAQ market and buy OCTO stock.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Sign up for your brokerage account

Now that you've selected your brokerage, it's time to fill out some personal details so you are able to invest in OCTO stock today.

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  1. Click here to get started.
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  2. Enter your personal data to create a new brokerage account.
  1. Submit your details by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you have opened your account on mobile trading apps, you can securely and quickly fund your account:

Watch the video below to see the process of transferring money into your new brokerage account.

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Step 4: Analyze Eightco Holdings stock

After you have chosen the best place to buy Eightco Holdings stock, it's important to research their stock prior to investing, so you actually understand the risk as well as the upside.

Eightco Holdings quick stats

OCTO Price
$0.79
1w %
8.07%
1y %
-82.29%
5y %
N/A
P/E
-0.22x
P/B
1.13x
P/S
0.04x
PEG
N/A
Revenue
$75.82M
Earnings
-$70.16M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$3.43M
Next Earnings
N/A
Next Dividend
N/A

OCTO Overview

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on OCTO's stock page.

Is OCTO stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge OCTO's fair value.

Using relative valuations measures:

  • OCTO may be undervalued based on its P/B ratio of 1.13x, relative to Packaging & Containers industry P/B ratio of 2.9x

You can access additional valuation analysis on OCTO's stock here.

OCTO Financial Health Overview

Cons:

  • There are more short-term liabilities than short-term assets on the OCTO balance sheet.
  • OCTO has a relatively high debt to equity ratio of 18.91.
  • OCTO has $6.51M in cash and short term investments. This is not enough to cover its annual cash burn of $8.36M.
  • OCTO has cash burn of 8363179. It does not have sufficient cash and short-term investments to cover this.
  • There are more long-term liabilities than short-term assets on the OCTO balance sheet.
  • OCTO profit margin has gone up by 1.3 percentage points in the past year, but the company is still unprofitable.

Metrics for Advanced OCTO Traders

SMA10
0.77
SMA20
0.72
SMA50
0.66
SMA100
0.61
SMA200
0.81
MACD
0.04
MACD Signal
0.03
MACD Histogram
0
RSI
58.41
Stochastic %K
56.7
Stochastic %D
51.99
StochRSI %K
46.23
StochRSI %D
39.92

OCTO Growth Metrics

Last year, OCTO revenue was $75.82M. During the past 2 year, OCTO's revenue has grown by 219.1% per year. This was faster than the Packaging & Containers industry average of 3.79%.

You can analyze OCTO's earnings and revenue performance here.

Latest Insiders Trades at OCTO

Over the last 12 months, insiders at OCTO have bought more shares than they have sold.

Brian McFadden, Director of OCTO, was the latest OCTO insider to buy. They bought $50,000.32 worth of OCTO stock on Feb 26, 2024.

Get more info about who owns OCTO stock here.

Does OCTO provide a stable income stream?

No, Eightco Holdings doesn't provide an income stream by paying out dividends.

What do other investors have to say about OCTO?

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Place your OCTO trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.

Press the Open Trade button and your broker will execute your order.

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Step 6: Get notifications regarding your OCTO investment

Now that you own some shares in OCTO, you'll want to stay up-to-date on your new investment.

Start a watchlist to get the latest updates about your OCTO stock.

OCTO Feed

How to Buy Stock in Eightco Holdings

To summarize, here are the 6 steps to buy stock in Eightco Holdings:

  1. Choose where to buy Eightco Holdings stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Eightco Holdings stock
  5. Place your OCTO trade
  6. Get notifications regarding your OCTO investment

If you are looking for a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your investment in Eightco Holdings, add OCTO to your watchlist by clicking the button below.

NASDAQ: OCTO
$0.79+0.01 (+1.28%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: OCTO
$0.79+0.01 (+1.28%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Eightco Holdings share?

As of Mar 27, 2024, it costs $0.79 to buy one share of Eightco Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.4, you can buy 0.5 shares of OCTO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Eightco Holdings stock?

One way to place an order for Eightco Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.