The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -35.70%.However, over the last six months, we can see a stronger performance of -18.81%. Over the last 30 days, the price of BTBT has fallen by 24.20%. And in the last five days, it has surged by 6.25%.
Bit Digital Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $5.27 on 12/29/23 and a low of $1.76 for the same time frame on 04/17/24.
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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 -48.39% away from its 52-week high, while its distance from the 52-week low is 54.55%. The stock’s price range during this period has varied between$1.76 and $5.27. The Bit Digital Inc’s shares, which operate in the Financial, saw a trading volume of around 5.47 million for the day, a figure considerably lower than their average daily volume of 6.64 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Bit Digital Inc (BTBT) has experienced a quarterly rise of 15.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 329.12M 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 2.47, with a change in price of +0.03. Similarly, Bit Digital Inc recorded 7,146,948 in trading volume during the last 100 days, posting a change of +1.12%.
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 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
BTBT Stock Stochastic Average
As of today, Bit Digital Inc’s raw stochastic average for the last 50 days stands at 82.76%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 74.03%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 73.84% and 80.08%, respectively.
