On Monday, Bit Digital Inc (NASDAQ: BTBT) opened lower -5.07% from the last session, before settling in for the closing price of $3.35. Price fluctuations for BTBT have ranged from $1.76 to $5.74 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 45.76%. Company’s average yearly earnings per share was noted -76.39% at the time writing. With a float of $152.77 million, this company’s outstanding shares have now reached $153.51 million.
Let’s determine the extent of company efficiency that accounts for 24 employees. In terms of profitability, gross margin is 31.64%, operating margin of -57.7%, and the pretax margin is 0.07%.
Bit Digital Inc (BTBT) Insider Activity
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of Bit Digital Inc is 0.48%, while institutional ownership is 35.84%.
Bit Digital Inc (BTBT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -76.39% per share during the next fiscal year.
Bit Digital Inc (NASDAQ: BTBT) Trading Performance Indicators
Check out the current performance indicators for Bit Digital Inc (BTBT). In the past quarter, the stock posted a quick ratio of 5.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.06, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.13 in one year’s time.
Technical Analysis of Bit Digital Inc (BTBT)
Looking closely at Bit Digital Inc (NASDAQ: BTBT), its last 5-days average volume was 18.96 million, which is a jump from its year-to-date volume of 11.05 million. As of the previous 9 days, the stock’s Stochastic %D was 3.49%. Additionally, its Average True Range was 0.45.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 25.58%, which indicates a significant increase from 1.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.40% in the past 14 days, which was lower than the 114.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.14, while its 200-day Moving Average is $3.18. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $3.30. Second resistance stands at $3.43. The third major resistance level sits at $3.50. If the price goes on to break the first support level at $3.10, it is likely to go to the next support level at $3.03. Should the price break the second support level, the third support level stands at $2.90.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
There are currently 153,509K shares outstanding in the company with a market cap of 488.16 million. Presently, the company’s annual sales total 44,920 K according to its annual income of -13,890 K. Last quarter, the company’s sales amounted to 22,710 K and its income totaled -38,800 K.
