HC Wainwright Issues Positive Forecast for Neptune Digital Assets (CVE:NDA) Stock Price

Neptune Digital Assets (CVE:NDA) had its target price boosted by research analysts at HC Wainwright from C$2.00 to C$3.00 in a report released on Thursday,BayStreet.CA reports. HC Wainwright’s price objective would suggest a potential upside of 11.94% from the stock’s previous close. HC Wainwright also issued estimates for Neptune Digital Assets’ FY2025 earnings at $0.02 EPS and FY2026 earnings at ($0.01) EPS.

Neptune Digital Assets Stock Performance

Shares of Neptune Digital Assets stock traded down C$0.10 on Thursday, hitting C$2.68. The stock had a trading volume of 998,472 shares, compared to its average volume of 1,381,452. The stock has a market cap of C$341.03 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The business’s 50 day moving average is C$1.16 and its two-hundred day moving average is C$0.68. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. Neptune Digital Assets has a twelve month low of C$0.23 and a twelve month high of C$2.85.

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.