Bit Digital Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $5.27 on 12/29/23, while the lowest price during the same period was $1.76 on 04/17/24.
52-week price history of BTBT Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Bit Digital Inc’s current trading price is -38.52% away from its 52-week high, while its distance from the 52-week low is 84.09%. The stock’s price range for this period has remained between $1.76 and $5.27. The Financial sector company’s shares managed to surpass a trading volume of around 4.16 million for the day, which was noticeably lower compared to the shares’ average daily volume of 10.83 million over the last three months.
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Financial Performance and Market Capitalization
Bit Digital Inc (BTBT) has experienced a quarterly decline of -7.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 478.82M and boasts a workforce of 24 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.13, with a change in price of +1.00. Similarly, Bit Digital Inc recorded 10,419,338 in trading volume during the last 100 days, posting a change of +44.42%.
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 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
BTBT Stock Stochastic Average
As of today, the raw stochastic average of Bit Digital Inc over the last 50 days is at 57.21%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 53.28%. Further, the company’s Stochastic %K and %D values for the last 20 days were 60.30% and 60.82%, respectively.
BTBT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price loss of -23.41% this year. Over the last six months, there has been a weaker performance of 37.28%. The price of BTBT fallen by 31.17% during the last 30 days period. For the last 5-days stocks have slided -7.70%.
