Bit Digital Inc (NASDAQ: BTBT) is -21.50% 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 $2.46 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $2.30, the stock is -19.61% and -28.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.69 million and changing -6.50% at the moment leaves the stock -31.99% off its SMA200. BTBT registered -17.56% loss for a year compared to 6-month loss of -30.93%.
The stock witnessed a -29.23% gain in the last 1 month and extending the period to 3 months gives it a -38.50%, and is -10.51% 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 11.89% over the week and 8.36% over the month.
Bit Digital Inc (BTBT) has around 24 employees, a market worth around $353.07M and $98.00M in sales. Current P/E ratio is 37.22 and Fwd P/E is 60.01. Profit margin for the company is -2.75%. Distance from 52-week low is 30.68% and -59.93% 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 150.17M with Short Float at 23.02%.
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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