A new trading day began on Tuesday, with Bit Digital Inc (NASDAQ: BTBT) stock price up 1.08% from the previous day of trading, before settling in for the closing price of $2.78. BTBT’s price has ranged from $1.69 to $5.74 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -208.77%. With a float of $309.16 million, this company’s outstanding shares have now reached $321.43 million.
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 3.82%, while institutional ownership is 38.49%. The most recent insider transaction that took place on Jun 25 ’25, was worth 1,000,000. In this transaction Director of this company bought 500,000 shares at a rate of $2.00, taking the stock ownership to the 500,000 shares. Before that another transaction happened on Jun 25 ’25, when Company’s Chief Executive Officer bought 750,000 for $2.00, making the entire transaction worth $1,500,000. This insider now owns 2,108,089 shares in total.
Bit Digital Inc (BTBT) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.11 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 0.0 per share during the current 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 7.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.00 in the next quarter and is forecasted to reach 0.08 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 18.11 million. That was inferior than the volume of 24.29 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.77%.
During the past 100 days, Bit Digital Inc’s (BTBT) raw stochastic average was set at 40.00%, which indicates a significant increase from 20.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.23 in the past 14 days, which was higher than the 0.22 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.97, while its 200-day Moving Average is $2.96. However, in the short run, Bit Digital Inc’s stock first resistance to watch stands at $2.84. Second resistance stands at $2.88. The third major resistance level sits at $2.92. If the price goes on to break the first support level at $2.76, it is likely to go to the next support level at $2.72. The third support level lies at $2.68 if the price breaches the second support level.
Bit Digital Inc (NASDAQ: BTBT) Key Stats
With a market capitalization of 903.22 million, the company has a total of 321,433K Shares Outstanding. Currently, annual sales are 108,050 K while annual income is 28,310 K. The company’s previous quarter sales were 25,660 K while its latest quarter income was 14,870 K.
