Eightco Holdings shares rise 18.91% intraday as improved debt position and strong cash reserves boost investor confidence.

Eightco Holdings surged 18.91% intraday following a Bloomberg-style analysis highlighting its improved debt profile. The article noted a reduction in liabilities to $10.7M (from $28.3M) and a $13.1M net cash position, suggesting a conservative balance sheet capable of eliminating debt without difficulty. While the company reported a $32M loss and EBIT losses, its $23.7M cash reserves and $7.21M liquidity surplus were emphasized as mitigating factors. The market likely interpreted these metrics as reduced financial risk, despite ongoing unprofitability, positioning the stock for growth amid a 59% revenue increase. The analysis framed the debt situation as a positive catalyst, aligning with the intraday rally.