Why is Bit Digital Inc. (BTBT) up 3124.25% from the day 1 this year?

At the end of the latest market close, Bit Digital Inc. (BTBT) was valued at $14.33. In that particular session, Stock kicked-off at the price of $14.87 while reaching the peak value of $16.90 and lowest value recorded on the day was $14.25. The stock current value is $16.75.

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Recently in News on April 1, 2021, Bit Digital, Inc. Announces 2020 Financial Highlights. Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”) on March 30, 2021. The annual report, which contains its audited financial statements, can be accessed on the SEC’s website at http://www.sec.gov as well as on the Company’s investor relations website at http://www.bit-digital.com. You can read further details here

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Bit Digital Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $33.00 on 01/04/21, with the lowest value was $11.13 for the same time period, recorded on 03/05/21.

Bit Digital Inc. (BTBT) full year performance was 3124.25%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bit Digital Inc. shares are logging -49.24% during the 52-week period from high price, and 3936.14% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.41 and $33.00.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2326845 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Bit Digital Inc. (BTBT) recorded performance in the market was -23.55%, having the revenues showcasing -23.55% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 843.53M, as it employees total of 63 workers.

Analysts verdict on Bit Digital Inc. (BTBT)

During the last month, 0 analysts gave the Bit Digital Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 14.13, with a change in the price was noted +12.79. In a similar fashion, Bit Digital Inc. posted a movement of +322.98% for the period of last 100 days, recording 5,824,924 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BTBT is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Bit Digital Inc. (BTBT): Technical Analysis

Raw Stochastic average of Bit Digital Inc. in the period of last 50 days is set at 28.75%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 63.42%. In the last 20 days, the company’s Stochastic %K was 46.66% and its Stochastic %D was recorded 43.26%.

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Let’s take a glance in the erstwhile performances of Bit Digital Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -23.55%. Additionally, trading for the stock in the period of the last six months notably improved by 316.67%, alongside a boost of 3124.25% for the period of the last 12 months. The shares increased approximately by 23.53% in the 7-day charts and went down by 24.54% in the period of the last 30 days. Common stock shares were lifted by -23.55% during last recorded quarter.

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