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 -35.71% away from its 52-week high, while its distance from the 52-week low is 109.66%. The stock’s price range over this period has fluctuated between $1.76 and $5.74. The company, operating within the financial sector, had a trading volume of approximately 19.02 million for the day, which was noticeably higher than the average daily share volume of 17.09 million over the last 3 months.
Bit Digital Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $5.74 on 11/12/24 and the lowest value was $1.76 on 04/17/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Bit Digital Inc (BTBT) has experienced a quarterly rise of 10.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 669.94M 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 3.66, with a change in price of +0.79. Similarly, Bit Digital Inc recorded 14,494,833 in trading volume during the last 100 days, posting a change of +27.24%.
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 0.04. Similarly, the long-term debt-to-equity ratio is also 0.02.
BTBT Stock Stochastic Average
Today’s raw stochastic average for Bit Digital Inc over the last 50 days is 27.82%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 34.35%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 15.07% and 7.10%, respectively.
BTBT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 25.94% this year. Over the last six months, there has been a weaker performance of 3.36%. The price of BTBT leaped by -15.17% during the last 30 days period. For the last 5-days stocks have improved 10.81%.
