On Monday, Bit Digital Inc (NASDAQ: BTBT) opened higher 6.87% from the last session, before settling in for the closing price of $2.33. 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 93.87%. Company’s average yearly earnings per share was noted -161.40% at the time writing. With a float of $178.47 million, this company’s outstanding shares have now reached $179.13 million.
Let’s determine the extent of company efficiency that accounts for 54 employees. In terms of profitability, gross margin is 57.73%, operating margin of -11.1%, and the pretax margin is 19.71%.
Bit Digital Inc (BTBT) Breakdown of a Key Holders of the stock
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 2.17%, while institutional ownership is 35.27%.
Bit Digital Inc (BTBT) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -161.40% 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 5.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.24 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 12.92 million, which is a drop from its year-to-date volume of 16.83 million. As of the previous 9 days, the stock’s Stochastic %D was 44.53%. Additionally, its Average True Range was 0.23.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 10.47%, which indicates a significant decrease from 61.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.95% in the past 14 days, which was lower than the 110.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.88, while its 200-day Moving Average is $3.37. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $2.55. Second resistance stands at $2.62. The third major resistance level sits at $2.69. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.34. Now, if the price goes above the second support level, the third support stands at $2.27.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
There are currently 153,509K shares outstanding in the company with a market cap of 454.26 million. Presently, the company’s annual sales total 108,050 K according to its annual income of 28,310 K. Last quarter, the company’s sales amounted to 26,100 K and its income totaled 28,970 K.
