Bit Digital Inc: Weathering Stock Market Storms with 196.84M Market Cap

Bit Digital Inc (BTBT) has a current stock price of $2.32. During the previous trading session, the stock witnessed a notable rise, reaching a high of $2.17 after opening at $2.10. The stock’s low for the day was $2.06, and it eventually closed at $2.16.

Bit Digital Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $4.80 on 06/29/23, with the lowest value being $0.53 on 12/28/22.

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52-week price history of BTBT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Bit Digital Inc’s current trading price is -51.72% away from its 52-week high, while its distance from the 52-week low is 336.71%. The stock’s price range during this period has fluctuated between $0.53 and $4.80. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 2.54 million for the day, which was evidently lower than the average daily volume of 3.24 million over the last three months.

Financial Performance and Market Capitalization

Bit Digital Inc (BTBT) has experienced a quarterly decline of -4.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 196.84M and boasts a workforce of 18 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.79, with a change in price of -2.04. Similarly, Bit Digital Inc recorded 3,815,384 in trading volume during the last 100 days, posting a change of -46.67%.

BTBT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ 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 60.48%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 59.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 36.89% and 32.70%, respectively.

BTBT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 285.83% this year. Over the last six months, there has been a stronger performance of -9.22%. The price of BTBT fallen by 11.84% during the last 30 days period. For the last 5-days stocks have improved 17.51%.

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