On Friday, Bit Digital Inc (NASDAQ: BTBT) was -1.75% drop from the session before settling in for the closing price of $4.00. A 52-week range for BTBT has been $1.76 – $5.27.
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Financial Sector giant saw their annual sales surged by 45.76% over the last five years. When this article was written, the company’s average yearly earnings per share was at 138.33%. With a float of $147.05 million, this company’s outstanding shares have now reached $147.79 million.
The firm has a total of 24 workers. Let’s measure their productivity. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bit Digital Inc stocks. The insider ownership of Bit Digital Inc is 0.50%, while institutional ownership is 37.95%.
Bit Digital Inc (BTBT) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.08 earnings per share (EPS) during the time that was less than consensus figure (set at -0.06) by -0.02. 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 138.33% per share during the next fiscal year.
Bit Digital Inc (NASDAQ: BTBT) Trading Performance Indicators
You can see what Bit Digital Inc (BTBT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 21.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.15 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
Analysing the last 5-days average volume posted by the [Bit Digital Inc, BTBT], we can find that recorded value of 11.24 million was better than the volume posted last year of 9.08 million. As of the previous 9 days, the stock’s Stochastic %D was 76.01%. Additionally, its Average True Range was 0.27.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 78.71%, which indicates a significant decrease from 80.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.82% in the past 14 days, which was lower than the 108.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.32, while its 200-day Moving Average is $2.88. Now, the first resistance to watch is $4.10. This is followed by the second major resistance level at $4.28. The third major resistance level sits at $4.39. If the price goes on to break the first support level at $3.81, it is likely to go to the next support level at $3.70. Should the price break the second support level, the third support level stands at $3.52.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
There are 82,483K outstanding shares of the company, which has a market capitalization of 580.81 million. As of now, sales total 44,920 K while income totals -13,890 K. Its latest quarter income was 28,950 K while its last quarter net income were -11,950 K.
