Neptune Digital Assets (CVE:NDA) Trading Up 28.1% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price was up 28.1% during mid-day trading on Thursday . The company traded as high as C$2.79 and last traded at C$2.78. Approximately 3,322,909 shares changed hands during trading, an increase of 134% from the average daily volume of 1,417,269 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their price target on 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 business’s fifty day moving average is C$1.16 and its two-hundred day moving average is C$0.68. 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 company has a market capitalization of C$353.76 million, a PE ratio of -8.67 and a beta of 3.25.

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.