Bit Digital Inc. (NASDAQ: BTBT) is -33.36% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $33.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTBT stock was last observed hovering at around $12.94 in the last trading session, with the day’s gains setting it 1.66%.
Currently trading at $14.60, the stock is -6.12% and -18.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 12.83% at the moment leaves the stock 71.43% off its SMA200. BTBT registered 3376.19% gain for a year compared to 6-month gain of 255.23%. The firm has a 50-day simple moving average (SMA 50) of $17.92 and a 200-day simple moving average (SMA200) of $11.08.
The stock witnessed a -11.78% loss in the last 1 month and extending the period to 3 months gives it a 39.18%, and is -1.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.24% over the week and 14.46% over the month.
Bit Digital Inc. (BTBT) has around 63 employees, a market worth around $719.49M and $13.17M in sales. Distance from 52-week low is 3550.00% and -55.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-272.60%).
The EPS is expected to shrink by -161.80% this year.
Bit Digital Inc. (BTBT) Top Institutional Holders
19 institutions hold shares in Bit Digital Inc. (BTBT), with 10.2M shares held by insiders accounting for 23.33% while institutional investors hold 1.86% of the company’s shares. The shares outstanding are 42.30M, and float is at 36.84M with Short Float at 2.05%. Institutions hold 1.42% of the Float.
The top institutional shareholder in the company is TB Alternative Assets Ltd. with over 0.24 million shares valued at $5.26 million. The investor’s holdings represent 1.56% of the BTBT Shares outstanding. As of Dec 30, 2020, the second largest holder is Jane Street Group, LLC with 0.15 million shares valued at $3.31 million to account for 0.98% of the shares outstanding. The other top investors are Virtu Financial LLC which holds 68599.0 shares representing 0.45% and valued at over $1.5 million, while Susquehanna International Group, LLP holds 0.28% of the shares totaling 43600.0 with a market value of $0.96 million.