Bit Digital Inc. (NASDAQ:BTBT) currently has a daily average trading volume of 2.15M but it saw 1273279 shares traded on Thursday. With a market cap of 106.72M USD, stock’s current market price of $1.21 came rising about 2.54 while comparing to the previous closing price of $1.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.20 and as low as $0.53. In the recent trading on the day, stock has struck highest price mark of $1.2499 while lowest mark touched by it was $1.12.
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Taking a look at 20-day trading activity of Bit Digital Inc. (BTBT) gives us an average price of $1.2502, while its current price level is -71.19% below from 52-week high level whereas it is 128.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2632 while that of 200 days or SMA-200 reads an average of $1.2675. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.94% during that period while stretching the period over a month that decreases to 9.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.67 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which initiated the stock as “Buy” in its note to investors issued on September 23, 2021, recommending a price target of $14 for it.
Over the week, BTBT’s stock price is moving 13.08% up while it is -11.68% when we observe its performance for the past one month. Year-to-date it is 101.67% up and over the past year, the stock is showing a downside performance of -57.69%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.17 beaten by the consensus estimate of -$0.06 for the same. For BTBT, analysts are forecasting an EPS-growth rate of -6,900.00% for current year and estimate for EPS growth in next year is 29.40%. Moreover, analysts are in estimates of $7.9 million for current-quarter revenue.
Currently, Bit Digital Inc.’s total number of outstanding shares is 83.33M with 0.78% of that held by the insiders while 14.73% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.10% and return on equity (ROE) at -33.20%. Stock’s beta reads 5.69. Stock has a price to book (P/B) ratio of 0.68 while price to sale or P/S ratio amounts to 2.82. Its return on asset (ROA) is -30.10% on average.
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