Bit Digital Inc (NASDAQ: BTBT) is 1.71% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTBT stock was last observed hovering at around $3.12 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $2.98, the stock is -7.28% and -15.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.68 million and changing -4.49% at the moment leaves the stock -11.39% off its SMA200. BTBT registered -11.44% loss for a year compared to 6-month gain of 4.20%.
The stock witnessed a -17.91% loss in the last 1 month and extending the period to 3 months gives it a -35.78%, and is -2.61% 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 6.44% over the week and 7.85% over the month.
Bit Digital Inc (BTBT) has around 24 employees, a market worth around $457.46M and $98.00M in sales. Current P/E ratio is 48.22 and Fwd P/E is 77.75. Profit margin for the company is -2.75%. Distance from 52-week low is 69.32% and -48.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.84%).
with sales reaching $25.06M over the same period.The EPS is expected to shrink by -141.67% this year, but quarterly earnings will post 138.25% year-over-year. Quarterly sales are estimated to grow 56.11% in year-over-year returns.
Bit Digital Inc (BTBT) Top Institutional Holders
The shares outstanding are 153.51M, and float is at 150.15M with Short Float at 23.61%.
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 7.4277 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.5 million shares representing 4.2972% and valued at over $17.5 million, while VAN ECK ASSOCIATES CORP holds 2.7811 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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