Securitize (NYSE:SECZ) Sees Unusually-High Trading Volume – Here’s What Happened

Securitize Holdings (NYSE:SECZ) saw unusually-strong trading volume on Friday . Approximately 1,634,681 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 1,790,128 shares.The stock last traded at $9.6920 and had previously closed at $8.93.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Benchmark cut their price objective on shares of Securitize from $16.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 17th. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a report on Saturday, September 5th. Citigroup initiated coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating for the company. Citizens Jmp started coverage on shares of Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Needham & Company LLC started coverage on shares of Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Securitize has an average rating of “Buy” and a consensus price target of $11.40.

Securitize Stock Performance

The company has a market cap of $1.62 billion, a PE ratio of -4.02 and a beta of 1.45. The firm has a fifty day moving average of $7.12.

Securitize (NYSE:SECZ) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $14.44 million during the quarter.

About Securitize

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.