HC Wainwright Forecasts Strong Price Appreciation for Neptune Digital Assets (CVE:NDA) Stock

Neptune Digital Assets (CVE:NDA) had its price objective increased by equities research analysts at HC Wainwright from C$2.00 to C$3.00 in a report issued on Thursday,BayStreet.CA reports. HC Wainwright’s price target would indicate a potential upside of 11.94% from the company’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 Price Performance

Shares of CVE:NDA traded down C$0.10 during midday trading 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 company’s 50-day moving average price is C$1.16 and its 200-day moving average price is C$0.68. Neptune Digital Assets has a fifty-two week low of C$0.23 and a fifty-two week high of C$2.85. The company has a quick ratio of 4.84, a current ratio of 70.04 and a debt-to-equity ratio of 1.96. The company has a market capitalization of C$341.03 million, a P/E ratio of -8.67 and a beta of 3.25.

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.