Neptune Digital Assets (CVE:NDA) Stock Price Up 22.5% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 22.5% on Friday . The company traded as high as C$2.14 and last traded at C$2.07. 3,431,216 shares changed hands during mid-day trading, an increase of 216% from the average session volume of 1,086,089 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, HC Wainwright raised 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 research note on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The company has a market cap of C$277.41 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 fifty day simple moving average is C$1.07 and its 200 day simple moving average is C$0.63.

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.