Wall Street Zen Downgrades Twenty One Capital (NYSE:XXI) to Sell

Twenty One Capital (NYSE:XXI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings began coverage on shares of Twenty One Capital in a report on Friday, February 13th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Twenty One Capital presently has a consensus rating of “Sell”.

Twenty One Capital Stock Down 7.3%

XXI opened at $5.75 on Friday. The firm has a market capitalization of $3.75 billion, a PE ratio of -95.83 and a beta of -4.22. Twenty One Capital has a one year low of $5.66 and a one year high of $12.51. The firm has a 50 day simple moving average of $8.33.

Hedge Funds Weigh In On Twenty One Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Softbank Group CORP. acquired a new position in Twenty One Capital during the 4th quarter worth approximately $780,575,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Twenty One Capital during the 4th quarter worth $49,843,000. Pantera Capital Partners LP acquired a new position in shares of Twenty One Capital during the fourth quarter worth $2,956,000. Amundi acquired a new position in shares of Twenty One Capital during the fourth quarter worth $2,647,000. Finally, Cetera Investment Advisers purchased a new position in Twenty One Capital in the fourth quarter valued at $425,000.

Twenty One Capital Company Profile

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.