Procap Financial (NASDAQ:BRR) Shares Up 17.8% – Time to Buy?

Procap Financial, Inc. (NASDAQ:BRR) shares rose 17.8% during mid-day trading on Monday . The company traded as high as $1.77 and last traded at $1.72. Approximately 3,897,965 shares traded hands during trading, an increase of 492% from the average daily volume of 658,288 shares. The stock had previously closed at $1.46.

Analysts Set New Price Targets

A number of analysts have weighed in on BRR shares. Weiss Ratings began coverage on shares of Procap Financial in a research report on Wednesday, May 20th. They set a “sell (d-)” rating for the company. Wall Street Zen downgraded shares of Procap Financial from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Procap Financial Stock Performance

The stock has a market capitalization of $192.91 million and a P/E ratio of -1.64. The company has a current ratio of 13.02, a quick ratio of 13.02 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $3.59.

Procap Financial Company Profile

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.