Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Bit Origin Ltd’s current trading price is -94.29% away from its 52-week high, while its distance from the 52-week low is -1.41%. The stock’s price range during this period has varied between $0.56 and $9.71. The company, active in the Financial sector, saw a trading volume of around 0.53 million for the day, considerably higher average daily volume of 0.11 million observed over the last three months.
Bit Origin Ltd’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $9.71 on 02/02/24, and the lowest price during the same period was recorded at $0.56 on 01/23/25.
How Financial Performance Impacts Market Capitalization
Bit Origin Ltd (BTOG) has experienced a quarterly decline of -72.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.70M and boasts a workforce of 5 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6111, with a change in price of -1.2657. Similarly, Bit Origin Ltd recorded 93,455 in trading volume during the last 100 days, posting a change of -69.54%.
How BTOG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BTOG stands at 3.11. Similarly, the long-term debt-to-equity ratio is also 1.98.
BTOG Stock Stochastic Average
As of today, the raw stochastic average of Bit Origin Ltd over the past 50 days is 8.07%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 22.80%. Additionally, the Stochastic %K and %D values for the company were 11.33% and 11.26%, respectively, over the past 20 days.
BTOG Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -43.44% this year. Over the last six months, there has been a stronger performance of -68.51%. The price of BTOG leaped by -39.09% during the last 30 days period. For the last 5-days stocks have slided -15.11%.
