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

Neptune Digital Assets (CVE:NDA) had its price objective upped by investment analysts at HC Wainwright from C$2.00 to C$3.00 in a research note issued on Thursday,BayStreet.CA reports. HC Wainwright’s price objective indicates a potential upside of 19.52% from the stock’s current price. 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 Stock Down 6.3 %

Shares of CVE NDA opened at C$2.51 on Thursday. The firm has a 50-day simple moving average of C$1.23 and a two-hundred day simple moving average of C$0.71. The company has a market cap of C$319.40 million, a P/E 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. Neptune Digital Assets has a 1 year low of C$0.23 and a 1 year high of C$2.85.

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.