Neptune Digital Assets (CVE:NDA) Stock Price Down 9.2% – Should You Sell?

Neptune Digital Assets Corp. (CVE:NDA)’s share price was down 9.2% during trading on Tuesday . The stock traded as low as C$1.46 and last traded at C$1.48. Approximately 426,755 shares changed hands during trading, a decline of 63% from the average daily volume of 1,139,394 shares. The stock had previously closed at C$1.63.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price objective on Neptune Digital Assets from C$2.00 to C$3.00 in a report on Thursday, January 30th.

Neptune Digital Assets Trading Down 4.9 %

The stock has a market capitalization of C$196.81 million, a P/E ratio of 32.31 and a beta of 3.25. The stock’s fifty day moving average price is C$1.65 and its two-hundred day moving average price is C$1.02.

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.