Bit Digital Inc (NASDAQ: BTBT) kicked off on Friday, down -5.07% from the previous trading day, before settling in for the closing price of $3.35. Over the past 52 weeks, BTBT has traded in a range of $1.76-$5.27.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 45.76%. While this was happening, its average annual earnings per share was recorded 275.00%. With a float of $120.26 million, this company’s outstanding shares have now reached $121.00 million.
The extent of productivity of a business whose workforce counts for 24 workers is very important to gauge.
Bit Digital Inc (BTBT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Bit Digital Inc is 0.61%, while institutional ownership is 34.35%.
Bit Digital Inc (BTBT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.03 earnings per share (EPS), higher than consensus estimate (set at -0.09) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 275.00% per share during the next fiscal year.
Bit Digital Inc (NASDAQ: BTBT) Trading Performance Indicators
Take a look at Bit Digital Inc’s (BTBT) current performance indicators. Last quarter, stock had a quick ratio of 12.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach 0.30 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
The latest stats from [Bit Digital Inc, BTBT] show that its last 5-days average volume of 20.17 million was superior to 8.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 68.92%. Additionally, its Average True Range was 0.29.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 73.20%, which indicates a significant increase from 60.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 156.63% in the past 14 days, which was higher than the 109.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.50, while its 200-day Moving Average is $2.57. Now, the first resistance to watch is $3.37. This is followed by the second major resistance level at $3.55. The third major resistance level sits at $3.68. If the price goes on to break the first support level at $3.06, it is likely to go to the next support level at $2.93. Assuming the price breaks the second support level, the third support level stands at $2.75.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
The company with the Market Capitalisation of 384.78 million has total of 82,483K Shares Outstanding. Its annual sales at the moment are 44,920 K in contrast with the sum of -13,890 K annual income. Company’s last quarter sales were recorded 30,290 K and last quarter income was 50,080 K.
