A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -54.37% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -4.46%. Over the past 30 days, the price of BTBT has leaped by -8.10%. And in the last five days, it has fallen by -18.22%.
Bit Digital Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $5.27 on 12/29/23, while the lowest value for the same period was recorded at $1.61 on 04/25/23.
52-week price history of BTBT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Bit Digital Inc’s current trading price is -63.38% away from its 52-week high, while its distance from the 52-week low is 19.88%. The stock’s price range during this period has varied between$1.61 and $5.27. The Bit Digital Inc’s shares, which operate in the Financial, saw a trading volume of around 4.6 million for the day, a figure considerably lower than their average daily volume of 7.7 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Bit Digital Inc (BTBT) has experienced a quarterly decline of -33.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 227.97M and boasts a workforce of 24 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.84, with a change in price of -0.23. Similarly, Bit Digital Inc recorded 8,574,187 in trading volume during the last 100 days, posting a change of -10.65%.
BTBT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BTBT stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.03.
BTBT Stock Stochastic Average
Bit Digital Inc’s raw stochastic average for the past 50 days is presently 1.62%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 2.44%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 9.78% and 16.28%, respectively.
