On Monday, Bit Digital Inc (NASDAQ: BTBT) was -1.23% drop from the session before settling in for the closing price of $2.44. A 52-week range for BTBT has been $1.76 – $5.74.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Financial Sector giant was 82.20%. When this article was written, the company’s average yearly earnings per share was at -76.32%. With a float of $150.17 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) Breakdown of a Key Holders of the stock
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 2.18%, while institutional ownership is 41.91%.
Bit Digital Inc (BTBT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -76.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.22% 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
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 5.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.78.
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 0.30 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 14.06 million, which is a drop from its year-to-date volume of 17.22 million. As of the previous 9 days, the stock’s Stochastic %D was 42.47%. Additionally, its Average True Range was 0.26.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 8.26%, which indicates a significant decrease from 48.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.11% in the past 14 days, which was lower than the 109.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.00, while its 200-day Moving Average is $3.38. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $2.48. Second resistance stands at $2.56. The third major resistance level sits at $2.67. If the price goes on to break the first support level at $2.29, it is likely to go to the next support level at $2.18. Now, if the price goes above the second support level, the third support stands at $2.10.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
There are 153,509K outstanding shares of the company, which has a market capitalization of 369.95 million. As of now, sales total 44,920 K while income totals -13,890 K. Its latest quarter income was 22,710 K while its last quarter net income were -38,800 K.
