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 $2.29, up 2.23% from the previous day, and has decreased 13.55% in one year. It has underperformed other stocks in the Packaging & Containers industry by 0.3 percentage points. Eightco Holdings stock is currently +81.75% from its 52-week low of $1.26, and -52.88% from its 52-week high of $4.86.
At the moment, there are 1.78M shares of OCTO outstanding. The market cap of OCTO is $4.08M. In the past 24 hours, 116,328 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
Based on our analysis, eToro is the best place to buy stocks. Here's why:
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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.
Using relative valuations measures:
- OCTO may be undervalued based on its P/E ratio of 0.23x, relative to Packaging & Containers industry P/E ratio of 17.34x
- OCTO could be undervalued based on its P/B ratio of 0.29x, relative to Packaging & Containers industry P/B ratio of 3.21x
You can access additional valuation research on OCTO's stock here.
How do OCTO Financials look?
Pros:
- OCTO profit margin has gone up from -177.6% to -5.8% in the past year.
Cons:
- OCTO has cash burn of 2258291. 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 has a relatively high debt to equity ratio of 2.52.
- There are more short-term liabilities than short-term assets on the OCTO balance sheet.
- OCTO has $363.08k in cash and short term investments. This is not enough to cover its annual cash burn of $2.26M.
OCTO Trading Indicators
OCTO Performance Numbers
Last year, OCTO earnings were -$3.23M. In the past 3 year, OCTO's earnings have increased by -100% per year. This was slower than the Packaging & Containers industry average of 9.54%.
Last year, OCTO revenue was $55.50M. In the past three year, OCTO's revenue has increased by 189.39% per year. This was faster than the Packaging & Containers industry average of 3.72%.
Find out more about OCTO's earnings and revenue performance here.
What are OCTO insiders up to?
In 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 shares on Feb 26, 2024.
Research more about who owns OCTO shares here.
Can I rely on OCTO as an income stream?
No, Eightco Holdings doesn't provide an income stream by paying out dividends.
What others are saying about OCTO
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your OCTO trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Press the Open button and your broker will execute your order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your OCTO investment
Now that you own some OCTO stock, you'll want to keep up with your stock purchase.
Make a watchlist to monitor your OCTO stock.
OCTO Feed
How to Buy Stock in Eightco Holdings
To summarize, here are the 6 steps to buy Eightco Holdings stock:
- 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 online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Eightco Holdings, create a watchlist on WallStreetZen today.
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