H.C. Wainwright & Co Analyst Rates Neptune a Buy

H.C. Wainwright & Co. (HCW) recently released a report on Neptune Digital Assets with a Buy rating. HCW initiated coverage of Neptune Digital Assets with an overview of our Bitcoin mining operations that compliments Neptune’s cryptocurrency staking initiatives yielding over $300,000 in monthly earnings.

H.C. Wainwright & Co. Analyst Report on Neptune Digital Assets

HCW started off with a Buy rating based on three specific views: (1) historical trading range supports a higher stock price, especially based on the increase in bitcoin mining hash rate complemented by Neptune’s level of staked cryptocurrencies (2) a conservative take on the earnings generated by Neptune’s staked crypto (3) a P/E multiple of 20x while yielding a $1.00 target.