Neptune Digital Assets (CVE:NDA) Stock Price Up 17.1% – What’s Next?

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 17.1% during trading on Wednesday . The stock traded as high as C$2.55 and last traded at C$2.54. 871,486 shares changed hands during trading, a decline of 32% from the average session volume of 1,280,731 shares. The stock had previously closed at C$2.17.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their price objective on shares of Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The stock has a market capitalization of C$328.31 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is C$1.12 and its two-hundred day moving average is C$0.66.

Neptune Digital Assets Company Profile

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.