Cryptyde Inc. (TYDE): What Does Valuation Ratios Tell Us?

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Cryptyde Inc. (NASDAQ:TYDE) saw a downside of -0.18% to close Monday at $0.28 after subtracting $0.0 on the day. The 5-day average trading volume is 5,963,100 shares of the company’s common stock. It has gained $0.3200 in the past week and touched a new high 2 times within the past 5 days. An average of 6,716,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,883,868.

TYDE’s 1-month performance is -3.02% or $0.0436 on its low of $0.1730 reached on 12/28/22. The company’s shares have touched a 52-week low of $0.17 and high of $18.15. YTD, TYDE has achieved 45.70% or $0.0883 and has reached a new high 2 times. However, the current price is down -98.46% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.46 while the price-to-book (PB) in the most recent quarter is 1.33.

Cryptyde Inc.’s quick ratio for the recent period was 1.90, with the current ratio over the same period at 2.00.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$34.88 million, while revenue of -$3.36 million was 90.37% off the previous quarter. EBITDA for the quarter stood at more than $2.09 million. TYDE stock balance sheet for the recent quarter shows that total liabilities totaled 17.18 million, with total debt at $15.06 million. Shareholders hold equity totaling $31.68 million.

Let’s look briefly at Cryptyde Inc. (TYDE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 49.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 81.49%.

The stock’s 5-day moving average is $0.2771, reflecting a -5.41% or -$0.0160 change from its current price. TYDE is currently trading +5.07% above its 20-day SMA, -67.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -36.00%.

Stochastic %K and %D was 23.50% and 24.05% and the average true range (ATR) pointed at 0.0544. The RSI (14) points at 47.80%, while the 14-day stochastic is at 24.64% with the period’s ATR at 0.0540. The stock’s 9-day MACD Oscillator is pointing at -0.0165 and -0.0190 on the 14-day charts.

Analyst Ratings

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