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Stock impact report

Eightco Holdings Inc. (ORBS): A Bear Case Theory [Yahoo! Finance]

Eightco Holdings Inc. (ORBS) 
Company Research Source: Yahoo! Finance
In this article, we will summarize the bulls' thesis on ORBS. Eightco Holdings Inc.'s share was trading at $11.49 as of September 26th. ORBS's trailing P/E was 0.05 according to Yahoo Finance. Bullish (BLSH) Gets Boost From Investment Firm's Acquisition of $21-Million Stake Pixabay/Public Domain Eightco Holdings Inc. (Nasdaq: ORBS) is a highly speculative and unprofitable company that has repeatedly changed its business model over the past three years, previously operating as Vinco Venture and briefly as Cryptyde, Inc. The company was delisted from Nasdaq in October 2023 due to noncompliance, and its current strategy revolves around adopting Worldcoin (WLD) as its primary reserve asset, coupled with the appointment of Dan Ives, formerly of Wedbush Securities, as Chairman. This pivot generated extreme hype, driving the stock from $1.45 to over $80 in a single day, despite the company having negligible cash relative to its $31.8 million debt, negative working capital of $21 mill Show less Read more
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