Bit Brother Limited (BTB) is priced at $0.99 after the most recent trading session. At the very opening of the session, the stock price was $0.9418 and reached a high price of $1.00, prior to closing the session it reached the value of $0.94. The stock touched a low price of $0.8802.Recently in News on July 20, 2021, Bit Brother Limited Closes Previously Announced $22.5 Million Registered Direct Offering. Bit Brother Limited (“Bit Brother, ” “We” or the “Company”) (NASDAQ: BTB), announced today the closing on July 20, 2021 of its previously announced registered direct offering of 15 million ordinary shares and warrants to purchase 15 million ordinary shares at a purchase price of $1.50 per share for gross proceeds of $22.5 million. The warrants are exercisable immediately upon the date of issuance and have an exercise price of $1.50. The warrants will expire five years from the date of issuance. You can read further details here
Bit Brother Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.6924 on 02/22/21, with the lowest value was $0.7421 for the same time period, recorded on 07/23/21.
Bit Brother Limited (BTB) full year performance was -45.30%
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 Brother Limited shares are logging -85.21% during the 52-week period from high price, and 33.41% 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 $0.74 and $6.69.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 4323805 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 Brother Limited (BTB) recorded performance in the market was -43.10%, having the revenues showcasing -54.17% 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 34.94M, as it employees total of 64 workers.
Analysts verdict on Bit Brother Limited (BTB)
During the last month, 0 analysts gave the Bit Brother Limited 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 1.6625, with a change in the price was noted -2.16. In a similar fashion, Bit Brother Limited posted a movement of -68.57% for the period of last 100 days, recording 2,485,704 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 BTB is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Bit Brother Limited (BTB): Technical Analysis
Raw Stochastic average of Bit Brother Limited in the period of last 50 days is set at 14.77%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.15%. In the last 20 days, the company’s Stochastic %K was 29.76% and its Stochastic %D was recorded 17.54%.
Let’s take a glance in the erstwhile performances of Bit Brother Limited, 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 -43.10%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -75.91%, alongside a downfall of -45.30% for the period of the last 12 months. The shares increased approximately by 4.34% in the 7-day charts and went up by -12.39% in the period of the last 30 days. Common stock shares were lifted by -54.17% during last recorded quarter.