Why Bit Digital Inc (BTBT) Stock Could See Much Higher Prices Ahead

Bit Digital Inc (NASDAQ: BTBT) is -15.60% lower on its value in year-to-date trading and has touched a low of $1.76 and a high of $5.27 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 $3.28 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $3.57, the stock is 21.94% and 38.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.23 million and changing 8.84% at the moment leaves the stock 37.82% off its SMA200. BTBT registered -19.78% loss for a year compared to 6-month loss of -4.29%.

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The stock witnessed a 27.50% gain in the last 1 month and extending the period to 3 months gives it a 48.13%, and is 6.57% 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 10.08% over the week and 10.02% over the month.

Bit Digital Inc (BTBT) has around 24 employees, a market worth around $431.97M and $66.94M in sales. Current P/E ratio is 11.73 and Fwd P/E is 13.56. Profit margin for the company is 57.44%. Distance from 52-week low is 102.84% and -32.26% from its 52-week high. The company has generated returns on investments over the last 12 months (14.29%).

The EPS is expected to grow by 268.75% this year.