Eightco (NASDAQ:ORBS) Board of Directors Announces Share Repurchase Plan
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Eightco (NASDAQ:ORBS) has announced a share repurchase plan, with the board approving the buyback of $125 million in shares, allowing for the purchase of up to 34.4% of its stock. This move typically indicates that the company believes its shares are undervalued. Despite this, analysts have given the stock a consensus rating of "Sell," with recent downgrades from Weiss Ratings and Wall Street Zen. The stock is currently trading at $1.69, down from a twelve-month high of $83.12, with a market cap of $333.34 million.
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