Neptune Digital Assets (CVE:NDA) Shares Up 5.5% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA) shares shot up 5.5% on Wednesday . The company traded as high as C$2.33 and last traded at C$2.29. 294,625 shares traded hands during trading, a decline of 77% from the average session volume of 1,256,072 shares. The stock had previously closed at C$2.17.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their target price 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 Price Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The firm has a market capitalization of C$321.94 million, a P/E ratio of -8.67 and a beta of 3.25. The stock’s 50 day simple moving average is C$1.12 and its 200 day simple moving average is C$0.66.

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.