A new trading day began on Friday, with Bit Digital Inc (NASDAQ: BTBT) stock price down -2.51% from the previous day of trading, before settling in for the closing price of $4.38. BTBT’s price has ranged from $1.76 to $5.74 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 45.76% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 133.33%. With a float of $147.05 million, this company’s outstanding shares have now reached $147.79 million.
In an organization with 24 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 30.55%, operating margin of -30.86%, 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 0.50%, while institutional ownership is 37.21%.
Bit Digital Inc (BTBT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.03 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 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 133.33% 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 7.08.
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 0.19 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
Let’s dig in a bit further. During the last 5-days, its volume was 33.73 million. That was better than the volume of 9.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.46%. Additionally, its Average True Range was 0.44.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 57.27%, which indicates a significant increase from 37.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 157.68% in the past 14 days, which was higher than the 108.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.62, while its 200-day Moving Average is $3.00. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $4.48. Second resistance stands at $4.70. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $4.11, it is likely to go to the next support level at $3.96. The third support level lies at $3.74 if the price breaches the second support level.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
With a market capitalization of 615.22 million, the company has a total of 82,480K 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.
