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 $0.58, up 1.22% from the previous day, and has decreased 73.71% in one year. It has underperformed other stocks in the Packaging & Containers industry by 0.88 percentage points. Eightco Holdings stock is currently +35.12% from its 52-week low of $0.43, and -79.25% from its 52-week high of $2.80.
At the moment, there are 8.54M shares of OCTO outstanding. The market cap of OCTO is $4.96M. In the past 24 hours, 239,915 OCTO shares were traded.
How to Buy Eightco Holdings Stock
Not sure how to invest in Eightco Holdings stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 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.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
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.
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 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.
You can do more valuation analysis on OCTO's stock here.
A quick look at OCTO Financials
Cons:
- OCTO has $5.25M in cash and short term investments. This is not enough to cover its annual cash burn of $6.69M.
- OCTO debt to equity ratio of -15.19 is negative.
- Total OCTO debt is still negative.
- There are more long-term liabilities than short-term assets on the OCTO balance sheet.
- OCTO profit margin has gone up by 0.58 percentage points in the past year, but the company is still unprofitable.
- There are more short-term liabilities than short-term assets on the OCTO balance sheet.
- OCTO has cash burn of 6694229. It does not have sufficient cash and short-term investments to cover this.
OCTO Technical Indicators
OCTO Revenue
Last year, OCTO revenue was $75.30M. During the last 3 year, OCTO's revenue has grown by 216.91% per year. This was faster than the Packaging & Containers industry average of 4.83%.
Dig into OCTO's earnings and revenue performance here.
Are OCTO executives and large shareholders buying or selling the stock?
Over the last year, 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.
Learn more about who owns OCTO shares here.
Does OCTO stock generate passive income?
No, Eightco Holdings doesn't provide an income stream by paying out dividends.
OCTO Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your OCTO trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Press the Open button and your broker will execute your order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your OCTO investment
Now that you own some OCTO shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to get notified of the latest news 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:
- Choose where to buy Eightco Holdings stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Eightco Holdings stock
- Place your OCTO trade
- Get notifications regarding your OCTO investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Eightco Holdings, get started below.
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