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Cryptyde Inc. (NASDAQ:TYDE) At $0.36: Does It Look Expensive?

In last trading session, Cryptyde Inc. (NASDAQ:TYDE) saw 0.27 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.36 trading at -$0.01 or -5.04% at ring of the bell on the day assigns it a market valuation of $11.40M. That closing price of TYDE’s stock is at a discount of -4941.67% from its 52-week high price of $18.15 and is indicating a premium of 2.78% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.24 million shares which gives us an average trading volume of 549.84K if we extend that period to 3-months.

Cryptyde Inc. (NASDAQ:TYDE) trade information

Upright in the red during last session for losing -5.04%, in the last five days TYDE remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.36 price level, adding 18.18% to its value on the day. Cryptyde Inc.’s shares saw a change of -97.66% in year-to-date performance and have moved -17.21% in past 5-day. Cryptyde Inc. (NASDAQ:TYDE) showed a performance of -45.76% in past 30-days. Number of shares sold short was 1.6 million shares which calculate 2.52 days to cover the short interests.

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TYDE Dividends

Cryptyde Inc. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Cryptyde Inc. (NASDAQ:TYDE)’s Major holders

Insiders are in possession of 8.43% of company’s total shares while institution are holding 11.80 percent of that, with stock having share float percentage of 12.88%. Investors also watch the number of corporate investors in a company very closely, which is 11.80% institutions for Cryptyde Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TYDE for having 1.19 million shares of worth $2.42 million. And as of Jun 29, 2022, it was holding 3.82% of the company’s outstanding shares.

The second largest institutional holder is Hudson Bay Capital Management Lp, which was holding about 1.0 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.20% of outstanding shares, having a total worth of $2.03 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.53 million shares of worth $1.07 million or 1.68% of the total outstanding shares. The later fund manager was in possession of 0.39 million shares on Sep 29, 2022, making its stake of worth around $0.27 million in the company or a holder of 1.25% of company’s stock.

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