Neptune Digital Assets (CVE:NDA) Shares Up 9.5% – Should You Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s stock price shot up 9.5% during trading on Friday . The stock traded as high as C$1.85 and last traded at C$1.85. 341,101 shares changed hands during trading, a decline of 62% from the average session volume of 903,082 shares. The stock had previously closed at C$1.69.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their target price on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The company has a market cap of C$265.95 million, a price-to-earnings ratio of -8.67 and a beta of 3.25. The firm’s 50 day simple moving average is C$1.05 and its 200-day simple moving average is C$0.62. The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04.

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.