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The Significance of Moving Averages in Bit Digital Inc. Inc. (BTBT) Price Performance

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 301.67%.However, over the last six months, we can see a weaker performance of 167.01%. Over the last 30 days, the price of BTBT has fallen by 36.16%. And in the last five days, it has fallen by -1.63%.

Bit Digital Inc. (BTBT) currently has a stock price of $2.41. The stock saw a sharp increase in the last trading session, hitting a high of $2.57 after opening at $2.47. The lowest recorded price for the day was $2.3901 before it closed at $2.51.

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Bit Digital Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $2.69 on 05/23/23, and the lowest price during the same period was recorded at $0.53 on 12/28/22.

52-week price history of BTBT Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Bit Digital Inc.’s current trading price is -10.41% away from its 52-week high, while its distance from the 52-week low is 354.63%. The stock’s price range over this timeframe has been between $0.53 and $2.69. The shares of the Financial sector company recorded a trading volume of approximately 1.0 million for the day, which was comparatively lower than the average daily volume of 2.54 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Bit Digital Inc. (BTBT) has experienced a quarterly rise of 89.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 216.89M and boasts a workforce of 18 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.56, with a change in price of +1.81. Similarly, Bit Digital Inc. recorded 2,601,302 in trading volume during the last 100 days, posting a change of +301.67%.

BTBT’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for BTBT stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

BTBT Stock Stochastic Average

Bit Digital Inc.’s raw stochastic average for the past 50 days is currently at 82.17%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 67.44%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 75.81% and 81.50%, respectively.

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