Bit Digital Inc (NASDAQ: BTBT) is -4.96% lower on its value in year-to-date trading and has touched a low of $1.76 and a high of $5.74 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 $4.27 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $4.02, the stock is -4.03% and 10.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.56 million and changing -5.85% at the moment leaves the stock 33.75% off its SMA200. BTBT registered 94.20% gain for a year compared to 6-month gain of 52.27%. The firm has a 50-day simple moving average (SMA 50) of $3.6238 and a 200-day simple moving average (SMA200) of $2.998375.
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The stock witnessed a -0.74% loss in the last 1 month and extending the period to 3 months gives it a 11.36%, and is -25.83% 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 13.70% over the week and 9.58% over the month.
Bit Digital Inc (BTBT) has around 24 employees, a market worth around $579.20M and $86.85M in sales. Current P/E ratio is 16.73 and Fwd P/E is 21.16. Profit margin for the company is 33.30%. Distance from 52-week low is 128.41% and -29.97% from its 52-week high. The company has generated returns on investments over the last 12 months (9.69%).
The EPS is expected to grow by 93.06% this year.
Bit Digital Inc (BTBT) Top Institutional Holders
The shares outstanding are 147.79M, and float is at 147.05M with Short Float at 17.47%.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.07 million shares valued at $35.2 million. The investor’s holdings represent 9.6597% of the BTBT Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 9.51 million shares valued at $30.25 million to account for 8.3001 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.5 million shares representing 4.8019% and valued at over $17.5 million, while VAN ECK ASSOCIATES CORP holds 3.1078 of the shares totaling 3.56 million with a market value of $11.32 million.
Bit Digital Inc (BTBT) Insider Activity
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