Bitzero Holdings Inc. (NASDAQ:AIBZ – Get Free Report)’s stock price was up 6.5% on Friday. The stock traded as high as $2.75 and last traded at $2.63. 1,197,033 shares changed hands during mid-day trading, an increase of 272% from the average daily volume of 321,451 shares. The stock had previously closed at $2.47.
Wall Street Analyst Weigh In
Separately, Weiss Ratings started coverage on shares of Bitzero in a research note on Tuesday, October 6th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Research Report on AIBZ
Bitzero Trading Up 6.5%
The company has a 50-day moving average price of $3.82. The company has a market cap of $142.41 million and a P/E ratio of -10.96. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.35.
About Bitzero
Bitzero is a digital asset infrastructure company focused on cryptocurrency mining and the development of data center facilities. Its business has been described as emphasizing energy-efficient operations, including the use of renewable power and the potential reuse of heat generated by mining and computing equipment.
The company has also pursued data center and digital infrastructure opportunities intended to support blockchain networks and other high-performance computing applications.
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