Neptune Digital Assets (CVE:NDA) Price Target Raised to C$2.00 at HC Wainwright

Neptune Digital Assets (CVE:NDA) had its price target raised by investment analysts at HC Wainwright from C$1.00 to C$2.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 90.48% from the stock’s current price.

Neptune Digital Assets Stock Down 7.9 %

Shares of CVE:NDA traded down C$0.09 during midday trading on Monday, hitting C$1.05. 401,071 shares of the company’s stock were exchanged, compared to its average volume of 341,317. Neptune Digital Assets has a 12 month low of C$0.23 and a 12 month high of C$1.28. The company has a market cap of C$133.61 million, a PE ratio of -8.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 70.04 and a quick ratio of 4.84. The stock has a 50 day moving average price of C$0.86 and a 200-day moving average price of C$0.48.

Neptune Digital Assets Company Profile

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.