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 -47.01% away from its 52-week high, while its distance from the 52-week low is 72.81%. 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 5.55 million for the day, which was noticeably lower than the average daily share volume of 19.8 million over the last 3 months.
Bit Digital Inc experienced a rather steady 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 decline of -25.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 466.88M 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 3.73, with a change in price of +0.41. Similarly, Bit Digital Inc recorded 16,116,440 in trading volume during the last 100 days, posting a change of +15.72%.
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, Bit Digital Inc’s raw stochastic average for the past 50 days stands at 9.11%, indicating a decline from the raw stochastic average of the last 20 days, which was 19.91%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 22.08% and 24.09% respectively.
BTBT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 3.80% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -3.45%. Over the past 30 days, the price of BTBT has leaped by -9.48%. And in the last five days, it has fallen by -4.36%.
