Streetbeat News

OCTO

Eightco Holdings Inc.

https://www.cryptyde.com

Industry

Packaging & Containers

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. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.

Open

1.59

Mkt cap

3.9M

Volume

28K

High

1.60

P/E Ratio

0.13

52-wk high

4.86

Low

1.53

Div yield

N/A

52-wk low

1.26

Eightco Holdings Inc. (NASDAQ: OCTO) reported a net loss of $3.2 million for Q3 2024, an improvement from the previous year's $3.5 million loss, due to better gross margins. Revenues fell to $7.7 million from $23.3 million, impacted by reduced capital for cell phone sales. The company met NASDAQ compliance requirements, ensuring its continued listing.

Portfolio Pulse from

November 14, 2024 | 10:30 pm

U.S. stocks mostly declined with the Dow Jones falling over 200 points. CERo Therapeutics shares rose 13% after securing financing and requesting an FDA meeting. Capricor Therapeutics and Eightco Holdings also saw significant gains. Vertex Energy filed for bankruptcy, causing a 56% drop in its stock.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 6:49 pm

Eightco Holdings shares rose after the company announced the elimination of $5.4 million in convertible notes and an increase in shareholder equity by $23 million. The company also projects $100 million in revenue for 2025.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:05 pm

U.S. stocks showed mixed performance with the Nasdaq Composite gaining, while the Dow declined. Stitch Fix shares plummeted 35% due to poor earnings, and Vertex Energy filed for Chapter 11 bankruptcy, causing a 65% drop in its stock. Capricor Therapeutics, Eightco Holdings, and CERo Therapeutics saw significant stock gains.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 3:54 pm

Eightco Holdings Inc. (NASDAQ:OCTO) shares surged after the company announced significant financial improvements in 2024, including eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million. The company also canceled 5.8 million dilutive shares and improved its gross profit margin to 22%. Eightco plans to seek non-dilutive senior debt financing and aims for $100 million in revenues and positive EBITDA in 2025.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 2:47 pm

U.S. stocks mostly declined with the Dow Jones falling over 50 points. Cintas Corporation reported strong earnings, beating expectations and raising guidance. Several stocks experienced significant price movements, including AtlasClear Holdings, Eightco Holdings, and Vertex Energy, which filed for bankruptcy.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 1:53 pm

Eightco Holdings has improved its balance sheet by eliminating $5.4M in convertible notes and increasing shareholder equity by $23M. Progress Software's stock rose due to a Q3 earnings beat and raised guidance. Target Hospitality's shares fell after disbanding its Special Committee.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:59 am

Eightco Holdings has announced its expectation to deliver revenues of $100 million by 2025. This projection indicates a significant growth trajectory for the company.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:04 am

Eightco Holdings has significantly improved its financial position in 2024 by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:03 am

Eightco Holdings Inc. has received a formal notice from Nasdaq confirming that the company has regained compliance with the minimum bid price requirement. This development is crucial for maintaining its listing on the Nasdaq exchange.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:23 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.