Eightco (ORBS)
Market Price (7/24/2026): $0.642 | Market Cap: $154.4 MilSector: Materials | Industry: Metal, Glass & Plastic Containers
Eightco (ORBS)
Market Price (7/24/2026): $0.642Market Cap: $154.4 MilSector: MaterialsIndustry: Metal, Glass & Plastic Containers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% | Penny stockMkt Price is 0.6 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -32 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -106% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -24% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 50% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1051% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -219% High stock price volatilityVol 12M is 134% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% |
| Penny stockMkt Price is 0.6 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -32 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -106% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -24% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 50% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1051% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -219% |
| High stock price volatilityVol 12M is 134% |
Qualitative Assessment
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Eightco (ORBS) stock has lost about 30% since 3/31/2026 because of the following key factors:
1. Eightco reported a substantial net loss in fiscal Q1 2026 (ended March 31, 2026), largely due to significant digital asset impairments. The company posted a net loss of $76.1 million for fiscal Q1 2026, a sharp increase from a $2.5 million loss in the prior year's comparable quarter. This was primarily driven by a $66.5 million loss from the change in fair value of its digital asset treasury holdings, which include Worldcoin (WLD) and Ethereum (ETH), under new accounting standards (ASU 2023-08). As of March 31, 2026, Eightco held 277.2 million Worldcoin tokens with a cumulative unrealized loss of $243.8 million against their cost.
2. Shareholder dilution resulted from extensive stock issuances to fund new investments. To finance its strategic pivot into digital assets and venture investments, Eightco issued 160.98 million new shares via an at-the-market (ATM) program in fiscal Q1 2026, significantly diluting existing shareholders. This action more than doubled the total shares outstanding to 368.96 million as of March 31, 2026.
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Eightco (ORBS) stock has lost about 30% since 3/31/2026 because of the following key factors:
1. Eightco reported a substantial net loss in fiscal Q1 2026 (ended March 31, 2026), largely due to significant digital asset impairments. The company posted a net loss of $76.1 million for fiscal Q1 2026, a sharp increase from a $2.5 million loss in the prior year's comparable quarter. This was primarily driven by a $66.5 million loss from the change in fair value of its digital asset treasury holdings, which include Worldcoin (WLD) and Ethereum (ETH), under new accounting standards (ASU 2023-08). As of March 31, 2026, Eightco held 277.2 million Worldcoin tokens with a cumulative unrealized loss of $243.8 million against their cost.
2. Shareholder dilution resulted from extensive stock issuances to fund new investments. To finance its strategic pivot into digital assets and venture investments, Eightco issued 160.98 million new shares via an at-the-market (ATM) program in fiscal Q1 2026, significantly diluting existing shareholders. This action more than doubled the total shares outstanding to 368.96 million as of March 31, 2026.
3. The company experienced a revenue decline in its core business, coupled with high customer concentration risk. Revenue from its "Forever 8" inventory-funding business fell by 23.7% year-over-year to $7.6 million in fiscal Q1 2026, attributed to canceled agreements and reduced order volumes. This segment remains heavily reliant on a single European customer, which accounted for 99% of its revenue for fiscal Q1 2026, exposing Eightco to considerable customer and foreign currency risk.
4. High stock price volatility and negative analyst sentiment contributed to the downtrend. Eightco's share price has been highly volatile, with an average weekly movement of 18% over the three months leading up to mid-July 2026, making it more volatile than 90% of American stocks. This volatility is considered a major risk. Additionally, Wall Street analysts have issued a consensus "Sell" rating for Eightco, with technical analysis indicating a strong downward trend.
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Stock Movement Drivers
Fundamental Drivers
The -30.7% change in ORBS stock from 3/31/2026 to 7/23/2026 was primarily driven by a -81.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.93 | 0.65 | -30.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 31 | -29.0% |
| P/S Multiple | 1.0 | 5.1 | 424.8% |
| Shares Outstanding (Mil) | 45 | 241 | -81.4% |
| Cumulative Contribution | -30.7% |
Market Drivers
3/31/2026 to 7/23/2026| Return | Correlation | |
|---|---|---|
| ORBS | -30.7% | |
| Market (SPY) | 13.5% | 46.7% |
| Sector (XLB) | 0.6% | 29.9% |
Fundamental Drivers
The -62.6% change in ORBS stock from 12/31/2025 to 7/23/2026 was primarily driven by a -81.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312025 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.73 | 0.65 | -62.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 31 | -29.0% |
| P/S Multiple | 1.8 | 5.1 | 182.8% |
| Shares Outstanding (Mil) | 45 | 241 | -81.4% |
| Cumulative Contribution | -62.6% |
Market Drivers
12/31/2025 to 7/23/2026| Return | Correlation | |
|---|---|---|
| ORBS | -62.6% | |
| Market (SPY) | 8.5% | 41.8% |
| Sector (XLB) | 11.4% | 31.5% |
Fundamental Drivers
nullnull
Market Drivers
6/30/2025 to 7/23/2026| Return | Correlation | |
|---|---|---|
| ORBS | ||
| Market (SPY) | 20.5% | 24.5% |
| Sector (XLB) | 16.2% | 21.5% |
Fundamental Drivers
nullnull
Market Drivers
6/30/2023 to 7/23/2026| Return | Correlation | |
|---|---|---|
| ORBS | ||
| Market (SPY) | 72.4% | 24.5% |
| Sector (XLB) | 28.1% | 21.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ORBS Return | - | - | - | - | -89% | -63% | -96% |
| Peers Return | 53% | -71% | 338% | 79% | -21% | 12% | 205% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| ORBS Win Rate | - | - | - | - | 0% | 14% | |
| Peers Win Rate | 48% | 37% | 65% | 48% | 52% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| ORBS Max Drawdown | - | - | - | - | - | -71% | |
| Peers Max Drawdown | -57% | -75% | -45% | -46% | -54% | -44% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, MARA, RIOT, COIN, IP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/23/2026 (YTD)
How Low Can It Go
ORBS has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.3% | -19.2% |
| % Gain to Breakeven | 22.4% | 23.8% |
| Time to Breakeven | 101 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.9% | -12.2% |
| % Gain to Breakeven | 21.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
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ORBS has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.8% | -6.8% |
| % Gain to Breakeven | 31.2% | 7.3% |
| Time to Breakeven | 171 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.2% | -17.9% |
| % Gain to Breakeven | 39.3% | 21.8% |
| Time to Breakeven | 459 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.6% | -53.4% |
| % Gain to Breakeven | 130.3% | 114.4% |
| Time to Breakeven | 701 days | 1085 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Eightco (ORBS)
Eightco Holdings Inc. (ORBS) operates a unique dual business model, engaging in both the rapidly growing digital asset sector and traditional paper manufacturing. The company is headquartered in Safety Harbor, Florida, and has been incorporated since 1966.
In its digital asset operations, Eightco provides essential services and equipment for bitcoin mining. This includes the sale of bitcoin mining equipment to individuals and institutions looking to participate in the cryptocurrency mining ecosystem. Furthermore, the company offers co-location services, allowing customers to host their mining hardware within Eightco's specialized facilities, leveraging dedicated infrastructure for optimal performance.
Concurrently, Eightco maintains a significant presence in the paper products industry. It manufactures and sells various paper-based goods, including container boards which are crucial for packaging, corrugated products widely used in shipping and storage, and specialty paper products. These industrial products primarily serve a diverse range of commercial and industrial customers across the North American market.
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- Bitcoin Mining Equipment: Equipment sold for the purpose of mining Bitcoin.
- Co-location Services: Services that provide space, power, and connectivity for customers' bitcoin mining equipment.
- Container Boards: Manufactured paperboard material primarily used in the production of corrugated products.
- Corrugated Products: Manufactured products, such as boxes and packaging, made from corrugated fiberboard.
- Specialty Paper Products: Various paper products designed for specific applications or industries beyond general-purpose use.
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Paper and Packaging Products Segment
This segment primarily serves commercial customers (Business-to-Business, B2B) in various industries:
- Packaging Manufacturers and Converters: Companies that purchase container boards and corrugated sheets to produce a wide range of packaging solutions, such as boxes, displays, and protective packaging for other businesses.
- Industrial Users and Manufacturers: Businesses across diverse sectors (e.g., consumer goods, food and beverage, e-commerce, logistics) that directly use corrugated products for their own packaging, shipping, and protective material needs.
- Specialty Paper Product Users: Businesses requiring specialty paper for specific applications, which could include printing, labels, or other converted paper products.
Bitcoin Mining Equipment and Co-location Services Segment
This segment serves a mix of institutional and individual customers:
- Institutional and Commercial Mining Operations: Entities, including other bitcoin mining companies, investment funds, or large-scale private operations, that acquire mining equipment or utilize co-location services to host their mining hardware in professional data centers.
- Individual Miners: High-net-worth individuals or serious hobbyists who purchase mining equipment or require secure, professional co-location services for their mining rigs, seeking optimized conditions and reduced operational burdens.
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- Bitmain Technologies Ltd.
- MicroBT Inc.
- Foundry Digital LLC
- Advanced Mining Systems Inc.
- Compute North LLC
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Kevin O'Donnell Chief Executive Officer & Chairman
Mr. O'Donnell founded Poptop Partners, LLC, a boutique operating and investment firm specializing in small to mid-market companies, in April 2011 and continues to serve as its Managing Partner. From May 2007 to June 2010, he served as the Founder/President of KOR Capital, LLC, a private equity and consulting firm focused on turn-around management of mid-market companies. He has been an early-stage investor across multiple industries, including hospitality, beverage, cannabis, hemp, and technology, and has served on numerous private and public boards.
Brett Vroman Chief Financial Officer
Mr. Vroman is a Certified Public Accountant (inactive) and is responsible for Eightco Holdings' financial operations. He has prior experience as CFO at a NASDAQ publicly traded company, and also worked with BDO USA, LLP and Smart and Associates, LLP.
Sheamia Smith Chief of Staff
Ms. Smith has over 15 years of experience specializing in streamlining operations, managing cross-functional projects, and supporting executive leadership. Her experience includes working with both private equity-backed and publicly traded companies across various industries such as entertainment, finance, technology, construction, and healthcare.
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The emerging threat for Eightco (ORBS) is the rise of widespread reusable and circular packaging models. As consumer goods companies and retailers increasingly prioritize sustainability, there is a growing movement towards systems where packaging (such as container boards and corrugated products) is returned, refilled, or reused multiple times rather than being discarded after a single use. This shift, if widely adopted, could significantly diminish the demand for new single-use packaging materials, directly impacting Eightco's paper products manufacturing segment.
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The addressable markets for Eightco Holdings Inc.'s main products and services are as follows:
Bitcoin Mining Equipment
The global ASIC Bitcoin Mining Hardware Market was valued at approximately USD 12.4 billion in 2024 and is projected to grow to around USD 25.41 billion by 2033, with a compound annual growth rate (CAGR) of 8.3% during the forecast period (2026-2033). Other estimates suggest the market was valued at USD 6.07 billion in 2024, projected to reach USD 37.6 billion by 2032.
Co-location Services for Bitcoin Mining
The global GPU Mining Colocation Market, which includes co-location services relevant to Bitcoin and other cryptocurrencies, was valued at USD 1.61 billion in 2024 and is expected to reach USD 4.44 billion by 2032, growing at a CAGR of 13.65% from 2025-2032. Specifically, the U.S. GPU Mining Colocation Market was valued at USD 0.44 billion in 2024 and is anticipated to reach USD 1.20 billion by 2032.
Container Boards and Corrugated Products
For North America, the corrugated packaging market size has various estimates from different sources. It is projected to expand from USD 42.71 billion in 2025 to USD 49.94 billion by 2031. Other estimates place the North America corrugated packaging market size at USD 113.50 billion in 2025, anticipated to increase to approximately USD 271.59 billion by 2035. Another report estimates the North America Corrugated Packaging Market size to be USD 135.5 billion in 2025, reaching USD 318.7 billion by 2033. For containerboard specifically, North America's market share was valued at USD 26.66 billion in 2025, projected to reach USD 27.16 billion in 2026. In 2024, North America held about a 26% share of the global containerboard market, which was valued at USD 150.9 billion.
Specialty Paper Products
The North America specialty paper market size was estimated at USD 3.98 billion in 2024 and is anticipated to be worth USD 7.02 billion by 2033, growing from USD 4.24 billion in 2025, at a CAGR of 6.51% during the forecast period.
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Eightco Holdings Inc. (ORBS) is strategically pivoting its business focus, with key drivers of future revenue growth expected to emerge from its expansion into advanced technology sectors over the next 2-3 years.
Here are the expected drivers of future revenue growth for Eightco Holdings Inc.:
- Strategic Investments in AI and Blockchain Infrastructure: Eightco has secured $125 million in new funding commitments from significant investors, including Bitmine, ARK Invest, and Payward (Kraken's parent company). This capital is specifically allocated to support the company's expansion into investing in and developing technologies shaping artificial intelligence and broader blockchain infrastructure. The company has already made strategic investments of $50 million in OpenAI, indicating a clear direction to generate revenue from frontier AI technologies.
- Development and Monetization within Global Digital Consumer Platforms: As part of its strategic pivot and utilization of new funding, Eightco is expanding into global digital consumer platforms. This initiative is underscored by a $25 million investment in MrBeast and Beast Industries, positioning the company to derive revenue from content creation and engagement within the digital consumer space.
- Leveraging the Worldcoin Ecosystem and Digital Identity Solutions: Eightco has adopted Worldcoin (WLD) as its primary treasury reserve asset and holds a substantial portion of the circulating WLD supply, positioning it as the largest public market participant in the Worldcoin ecosystem. The company is focused on building a universal foundation for digital identity and "Proof of Human" verification, which is expected to create new revenue opportunities within the evolving digital identity landscape.
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Share Repurchases
- Eightco Holdings Inc. authorized a share buyback program of up to $125 million on December 29, 2025.
- This program was announced as a reflection of management and the board's confidence in the company's business strategy and long-term outlook.
- Repurchases can be conducted through open-market purchases, privately negotiated transactions, or other methods in accordance with securities laws.
Share Issuance
- A private placement completed in September 2025 raised $270 million, involving the issuance of approximately 171.2 million shares at $1.46 per share.
- The company increased the number of authorized shares of common stock from 500 million to 10 billion.
- Eightco amended its sales agreement to include Cantor Fitzgerald & Co. as an additional sales agent, enabling the company to issue and sell shares up to an aggregate price of $2.7 billion.
Inbound Investments
- In March 2026, Eightco announced $125 million in new funding commitments, led by Bitmine ($75 million), with ARK Invest and Payward (Kraken's parent company) each committing $25 million.
- A $270 million private placement closed in September 2025 was led by MOZAYYX, with participation from institutional investors including World Foundation, Discovery Capital Management, Wedbush, Pantera, GSR, and Brevan Howard.
- BitMine Immersion Technologies invested $20 million in the September 2025 private placement.
Outbound Investments
- In March 2026, Eightco made strategic investments of $50 million in OpenAI and $25 million in MrBeast's Beast Industries.
- The company intends to use proceeds from the September 2025 private placement to acquire Worldcoin (WLD) tokens for its treasury operations, establishing WLD as its primary reserve asset.
- Eightco made a strategic investment in Mythical Games' Series D financing round.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Eightco Earnings Notes | 12/16/2025 | |
| Can Eightco Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.88 |
| Mkt Cap | 14.2 |
| Rev LTM | 761 |
| Op Inc LTM | -36 |
| FCF LTM | -797 |
| FCF 3Y Avg | -505 |
| CFO LTM | -34 |
| CFO 3Y Avg | -26 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.9% |
| Rev Chg 3Y Avg | 23.3% |
| Rev Chg Q | -7.4% |
| QoQ Delta Rev Chg LTM | -1.7% |
| Op Inc Chg LTM | -56.7% |
| Op Inc Chg 3Y Avg | -74.1% |
| Op Mgn LTM | -33.9% |
| Op Mgn 3Y Avg | -26.2% |
| QoQ Delta Op Mgn LTM | -7.8% |
| CFO/Rev LTM | -32.4% |
| CFO/Rev 3Y Avg | -16.3% |
| FCF/Rev LTM | -171.3% |
| FCF/Rev 3Y Avg | -182.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Inventory Management Solutions | 33 | 40 | 68 | 24 | |
| Corrugated Packaging (Discontinued Operations) | 8 | ||||
| Single Segment | 8 | ||||
| Total | 33 | 40 | 68 | 32 | 8 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Corporate | -17 | -6 | -7 | -13 |
| Inventory Management Solutions | -41 | -3 | -3 | -3 |
| Corrugated Packaging (Discontinued Operations) | 0 | |||
| Total | -57 | -9 | -10 | -16 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Corporate | 238 | 3 | 2 | 6 |
| Inventory Management Solutions | 10 | 47 | 50 | 50 |
| Corrugated Packaging (Discontinued Operations) | 2 | 2 | 3 | 3 |
| Total | 250 | 51 | 55 | 59 |
Price Behavior
| Market Price | $0.65 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 06/30/2022 | |
| Distance from 52W High | -95.9% | |
| 50 Days | 200 Days | |
| DMA Price | $8.13 | $8.13 |
| DMA Trend | down | down |
| Distance from DMA | -92.1% | -92.1% |
| 3M | 1YR | |
| Volatility | 105.3% | 134.3% |
| Downside Capture | 608.15 | 553.66 |
| Upside Capture | 339.57 | 35.35 |
| Correlation (SPY) | 53.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.89 | 4.03 | 3.97 | 3.75 | 0.41 | 0.45 |
| Up Beta | 4.50 | 5.12 | 4.08 | 5.09 | -1.28 | -1.10 |
| Down Beta | 2.64 | 1.54 | 1.19 | 1.26 | -0.40 | 2.44 |
| Up Capture | 95% | 442% | 347% | 399% | 3% | 0% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 8 | 19 | 26 | 49 | 73 | 73 |
| Down Capture | 334% | 433% | 484% | 281% | 200% | 108% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 21 | 36 | 72 | 120 | 120 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORBS | |
|---|---|---|---|---|
| ORBS | -95.9% | 134.3% | -2.14 | - |
| Sector ETF (XLB) | 11.0% | 17.6% | 0.44 | 21.5% |
| Equity (SPY) | 18.5% | 12.7% | 1.06 | 24.5% |
| Gold (GLD) | 17.6% | 28.1% | 0.57 | 16.4% |
| Commodities (DBC) | 35.2% | 19.1% | 1.45 | 0.2% |
| Real Estate (VNQ) | 11.6% | 13.9% | 0.55 | 7.4% |
| Bitcoin (BTCUSD) | -45.1% | 42.9% | -1.28 | 31.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORBS | |
|---|---|---|---|---|
| ORBS | -47.1% | 134.3% | -2.14 | - |
| Sector ETF (XLB) | 6.1% | 19.0% | 0.21 | 21.5% |
| Equity (SPY) | 12.6% | 17.1% | 0.57 | 24.5% |
| Gold (GLD) | 16.8% | 18.4% | 0.74 | 16.4% |
| Commodities (DBC) | 9.8% | 19.5% | 0.39 | 0.2% |
| Real Estate (VNQ) | 2.6% | 18.9% | 0.03 | 7.4% |
| Bitcoin (BTCUSD) | 15.8% | 53.4% | 0.47 | 31.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORBS | |
|---|---|---|---|---|
| ORBS | -27.3% | 134.3% | -2.14 | - |
| Sector ETF (XLB) | 9.8% | 20.6% | 0.42 | 21.5% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 24.5% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 16.4% |
| Commodities (DBC) | 7.4% | 17.9% | 0.33 | 0.2% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 7.4% |
| Bitcoin (BTCUSD) | 58.7% | 66.2% | 0.99 | 31.7% |
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Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/02/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/02/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-Q |
| 03/31/2022 | 06/30/2022 | 10-Q |
| 12/31/2021 | 05/13/2022 | 10-12B/A |
| 09/30/2021 | 01/25/2022 | 10-12B/A |
| 06/30/2021 | 11/08/2021 | 10-12B |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | O'Donnell, Kevin J | CEO | Direct | Buy | 6152026 | 0.92 | 200,000 | 183,960 | 1,146,517 | Form |
| 2 | Bitmine, Immersion Technologies, Inc | Direct | Buy | 3182026 | 0.89 | 86,956,513 | 77,043,471 | 89,180,457 | Form | |
| 3 | O'Donnell, Kevin J | CEO | Direct | Buy | 9112025 | 1.46 | 171,233 | 250,000 | 291,978 | Form |
| 4 | Jennings, Frank D | Direct | Buy | 9102025 | 1.46 | 136,986 | 200,000 | 225,116 | Form | |
| 5 | Caiano, Nicola Paul | Direct | Buy | 9102025 | 1.46 | 342,466 | 500,000 | 511,420 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | O'Donnell, Kevin J | CEO | Direct | Buy | 6152026 | 0.92 | 200,000 | 183,960 | 1,146,517 | Form |
| 2 | Bitmine, Immersion Technologies, Inc | Direct | Buy | 3182026 | 0.89 | 86,956,513 | 77,043,471 | 89,180,457 | Form | |
| 3 | O'Donnell, Kevin J | CEO | Direct | Buy | 9112025 | 1.46 | 171,233 | 250,000 | 291,978 | Form |
| 4 | Jennings, Frank D | Direct | Buy | 9102025 | 1.46 | 136,986 | 200,000 | 225,116 | Form | |
| 5 | Caiano, Nicola Paul | Direct | Buy | 9102025 | 1.46 | 342,466 | 500,000 | 511,420 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Metal, Glass & Plastic Containers Resources |
| Packaging Digest |
| Packaging World |
| Plastics Today |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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