Neptune Digital Assets (CVE:NDA) Stock Price Up 5.5% – Time to Buy?

Neptune Digital Assets Corp. (CVE:NDA) traded up 5.5% on Wednesday . The company traded as high as C$2.33 and last traded at C$2.29. 294,625 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,256,072 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their target price on Neptune Digital Assets from C$2.00 to C$3.00 in a research note on Thursday.

Neptune Digital Assets Price Performance

The stock has a market capitalization of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The business’s 50 day simple moving average is C$1.20 and its 200-day simple moving average is C$0.69.

About Neptune Digital Assets

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.