BlackRock Fund Advisors has recently announced that it has increased stake in Cryptyde Inc. (NASDAQ:TYDE) by 41.76%. After grabbing 1.56 million shares, the institutional investor is now in possession of 0.46 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.34% having worth around $0.27 million. Moreover, PanAgora Asset Management, Inc. increased its share by 97059.0 to have a control over 0.49 million shares. And The Vanguard Group, Inc. raised its holdings to 65492.0 shares by acquiring 0.38 million shares or 0.57% of the stake.
Cryptyde Inc. (TYDE) concluded trading on 03/16/23 at a closing price of $0.11, with 8.26 million shares of worth about $0.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -86.52% during that period and on Thursday the price saw a loss of about -14.33%. Currently the company’s common shares owned by public are about 66.57M shares, out of which, 65.44M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 7 times over the past 12 months. They bought 695,000 shares in 6 of the transactions. In 1 selling transactions, insiders dumped 18,805,259 shares.
iShares Russell 2000 Value ETF, iShares Russell 2000 Growth ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Cryptyde Inc. iShares Russell 2000 Value ETF is currently holding 1.35 million shares of worth totaling $0.23 million. The company recently came buying 4105.0 shares which brought its stake up to 4.26% of the company’s outstanding shares. iShares Russell 2000 Growth ETF sold 1701.0 shares, after which its hold over company’s outstanding shares shrunk to 1.47%, leaving 0.47 million shares with the mutual fund that have a worth of about $79825.0. iShares Russell 2000 ETF, after selling 0.38 million shares, have now control over 1.21% of the stake in the company. It holds 1224.0 shares of worth $65740.0.
However, the stock later moved at a day high price of 0.1250, or with a loss of -14.33%. Stock saw a price change of -32.11% in past 5 days and over the past one month there was a price change of -43.65%. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $18.15 during that period. The average intraday trading volume for Cryptyde Inc. shares is 7.31 million. The stock is currently trading -36.08% below its 20-day simple moving average (SMA20), while that difference is down -50.36% for SMA50 and it goes to -90.48% lower than SMA200.
BlackRock Fund Advisors acquired 1.56 million shares of Cryptyde Inc. having value of about $0.27 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.46 million shares in the company valued at close to $50511.67, or have control over 41.76% stake in the company. Cryptyde Inc. (NASDAQ: TYDE) currently have 66.57M outstanding shares and institutions hold larger chunk of about 9.60% of that. Holding of mutual funds in the company is about 1.71% while other institutional holders and individual stake holders have control over 9.17% and -3.19% of the stake respectively.
The stock has a current market capitalization of $7.75M. It has posted earnings per share of -$1.20 in the same period. It has Quick Ratio of 1.90 while making debt-to-equity ratio of 1.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TYDE, volatility over the week remained 15.09% while standing at 9.93% over the month.
Analysts at 0 brokerage firms have issued recommendations for the Cryptyde Inc. (TYDE)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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