Neptune Digital Assets (CVE:NDA) Stock Price Up 20.1% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price traded up 20.1% on Tuesday . The company traded as high as C$1.69 and last traded at C$1.61. 2,415,117 shares traded hands during trading, an increase of 300% from the average session volume of 604,469 shares. The stock had previously closed at C$1.34.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target 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 Down 5.6 %

The business’s 50 day moving average price is C$1.05 and its 200-day moving average price is C$0.62. The company has a market cap of C$215.05 million, a P/E ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84.

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.