Let’s start up with the current stock price of Bit Digital Inc. (BTBT), which is $9.07 to be very precise. The Stock rose vividly during the last session to $8.20 after opening rate of $8.14 while the lowest price it went was recorded $7.46 before closing at $7.74.
Recently in News on June 10, 2021, Digihost Announces Strategic Collaboration With Bit Digital to Increase Combined Hashrates by 400 PH. Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHF) is pleased to announce that the Company has entered into a strategic co-mining agreement (the “Agreement”) with Bit Digital USA, Inc. (“BTBT”) (Nasdaq: BTBT). Pursuant to the terms of the Agreement, the Company will provide certain premises (the “Premises”) to BTBT for the purpose of the operation and storage of a 20 MW Bitcoin mining system (the “Miners”) to be delivered by BTBT, and the Company will also provide services to maintain the Premises for a term of two years. The collaboration between Digihost and BTBT is expected to generate an increase in hashrate of approximately 400 PH between the companies. You can read further details here
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 $7.43 for the same time period, recorded on 06/08/21.
Bit Digital Inc. (BTBT) full year performance was 369.09%
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 -72.52% during the 52-week period from high price, and 675.21% 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 $1.17 and $33.00.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 3484456 for the day, which was evidently higher, 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 -64.67%, having the revenues showcasing -56.98% 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 391.88M, 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 14.55, with a change in the price was noted -7.56. In a similar fashion, Bit Digital Inc. posted a movement of -45.22% for the period of last 100 days, recording 2,938,479 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 0.02 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 14.91%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 45.74%. In the last 20 days, the company’s Stochastic %K was 23.54% and its Stochastic %D was recorded 18.91%.
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 -64.67%. Additionally, trading for the stock in the period of the last six months notably improved by 36.03%, alongside a boost of 369.09% for the period of the last 12 months. The shares increased approximately by -5.61% in the 7-day charts and went up by -20.29% in the period of the last 30 days. Common stock shares were lifted by -56.98% during last recorded quarter.