A new trading day began on Tuesday, with Bit Digital Inc (NASDAQ: BTBT) stock price down -4.49% from the previous day of trading, before settling in for the closing price of $3.12. BTBT’s price has ranged from $1.76 to $5.74 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 82.20%. Meanwhile, its annual earnings per share averaged -141.67%. With a float of $150.15 million, this company’s outstanding shares have now reached $153.51 million.
The extent of productivity of a business whose workforce counts for 24 workers is very important to gauge. 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 Updates
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 2.19%, while institutional ownership is 41.80%.
Bit Digital Inc (BTBT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -141.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.20% during the next five years compared to 7.79% growth over the previous five years of trading.
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 5.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.06, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 0.04 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 12.85 million was inferior to 16.41 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 47.02%. Additionally, its Average True Range was 0.26.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 4.83%, which indicates a significant decrease from 27.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.88% in the past 14 days, which was lower than the 106.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.54, while its 200-day Moving Average is $3.36. Now, the first resistance to watch is $3.09. This is followed by the second major resistance level at $3.21. The third major resistance level sits at $3.26. If the price goes on to break the first support level at $2.92, it is likely to go to the next support level at $2.87. Assuming the price breaks the second support level, the third support level stands at $2.75.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
With a market capitalization of 457.46 million, the company has a total of 153,509K Shares Outstanding. Currently, annual sales are 44,920 K while annual income is -13,890 K. The company’s previous quarter sales were 22,710 K while its latest quarter income was -38,800 K.
