Bit Digital Inc. (NASDAQ: BTBT) is -29.62% lower on its value in year-to-date trading and has touched a low of $0.69 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 $16.76 in the last trading session, with the day’s loss setting it -1.34%.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $15.42, the stock is -3.16% and -12.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -8.00% at the moment leaves the stock 73.98% off its SMA200. BTBT registered 2134.78% gain for a year compared to 6-month gain of 301.56%. The firm has a 50-day simple moving average (SMA 50) of $16.67 and a 200-day simple moving average (SMA200) of $11.41.
The stock witnessed a 26.60% loss in the last 1 month and extending the period to 3 months gives it a -44.93%, and is 5.62% up 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 12.98% over the week and 13.45% over the month.
Bit Digital Inc. (BTBT) has around 63 employees, a market worth around $776.55M and $21.07M in sales. Distance from 52-week low is 2134.78% and -53.27% 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 11.15M shares held by insiders accounting for 23.20% while institutional investors hold 1.84% of the company’s shares. The shares outstanding are 42.30M, and float is at 36.57M with Short Float at 2.06%. 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 0.50% 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 0.31% of the shares outstanding. The other top investors are Virtu Financial LLC which holds 68599.0 shares representing 0.14% and valued at over $1.5 million, while Susquehanna International Group, LLP holds 0.09% of the shares totaling 43600.0 with a market value of $0.96 million.