Bit Digital Inc (BTBT) Stock: Navigating a Year of Stock Volatility

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Bit Digital Inc’s current trading price is -42.31% away from its 52-week high, while its distance from the 52-week low is 213.18%. The stock’s price range over this period has fluctuated between $0.97 and $5.27. The company, operating within the financial sector, had a trading volume of approximately 8.26 for the day, which was noticeably higher than the average daily share volume of 1.56 over the last 3 months.

Bit Digital Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $5.27 on 12/29/23 and the lowest value was $0.97 on 03/10/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Bit Digital Inc (BTBT) has experienced a quarterly rise of 44.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 258.49M.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.66, with a change in price of +0.72. Similarly, Bit Digital Inc recorded 6,414,778 in trading volume during the last 100 days, posting a change of +31.03%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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

Today, Bit Digital Inc’s raw stochastic average for the past 50 days stands at 25.57%, indicating a decline from the raw stochastic average of the last 20 days, which was 82.72%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 40.32% and 20.90% respectively.

BTBT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -28.13% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -15.08%. Over the past 30 days, the price of BTBT has leaped by -12.14%. And in the last five days, it has surged by 18.75%.

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