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 -48.22% away from its 52-week high, while its distance from the 52-week low is 55.06%. The stock’s price range over this period has fluctuated between $1.76 and $5.27. The company, operating within the financial sector, had a trading volume of approximately 4.02 million for the day, which was noticeably lower than the average daily share volume of 11.78 million over the last 3 months.
In terms of market performance, Bit Digital Inc had a fairly even. The highest value for the stock in the past year was $5.27 on 12/29/23, and the lowest value was recorded at $1.76 on 04/17/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Bit Digital Inc (BTBT) has experienced a quarterly rise of 2.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 403.32M and boasts a workforce of 24 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.96, with a change in price of +0.48. Similarly, Bit Digital Inc recorded 9,754,510 in trading volume during the last 100 days, posting a change of +21.58%.
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 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
BTBT Stock Stochastic Average
Today’s raw stochastic average for Bit Digital Inc over the last 50 days is 19.27%.This indicates a increase from the raw stochastic average of the past 20 days, which was 16.65%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 22.87% and 22.65%, respectively.
BTBT Stock Price Performance Analysis
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. This year’s metric has recorded a Price decrease of -35.48%. However, over the past six months, we’ve seen a weaker performance of 23.48%. The price of BTBT leaped by -4.58% over the last 30 days. And in the last five days, it has fallen by -0.76%.
