A new trading day began on Friday, with Bit Digital Inc (NASDAQ: BTBT) stock price down -0.31% from the previous day of trading, before settling in for the closing price of $3.23. BTBT’s price has ranged from $1.76 to $5.27 over the past 52 weeks.
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Annual sales at Financial sector company grew by 45.76% over the past five years. Meanwhile, its annual earnings per share averaged 208.33%. With a float of $120.26 million, this company’s outstanding shares have now reached $121.00 million.
Let’s look at the performance matrix of the company that is accounted for 24 employees. In terms of profitability, gross margin is 20.94%, operating margin of -17.58%, and the pretax margin is 35.87%.
Bit Digital Inc (BTBT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Bit Digital Inc is 0.61%, while institutional ownership is 45.83%.
Bit Digital Inc (BTBT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.08 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 208.33% per share during the next fiscal year.
Bit Digital Inc (NASDAQ: BTBT) Trading Performance Indicators
Here are Bit Digital Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 21.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.26 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
Bit Digital Inc (NASDAQ: BTBT) saw its 5-day average volume 7.19 million, a negative change from its year-to-date volume of 9.09 million. As of the previous 9 days, the stock’s Stochastic %D was 31.85%. Additionally, its Average True Range was 0.30.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 55.92%, which indicates a significant increase from 41.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.79% in the past 14 days, which was lower than the 109.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.41, while its 200-day Moving Average is $2.86. Nevertheless, the first resistance level for the watch stands at $3.28 in the near term. At $3.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.40. If the price goes on to break the first support level at $3.16, it is likely to go to the next support level at $3.11. The third support level lies at $3.04 if the price breaches the second support level.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
With a market capitalization of 389.62 million, the company has a total of 82,483K Shares Outstanding. Currently, annual sales are 44,920 K while annual income is -13,890 K. The company’s previous quarter sales were 28,950 K while its latest quarter income was -11,950 K.
