Bit Digital Inc (NASDAQ: BTBT) is -31.74% lower on its value in year-to-date trading and has touched a low of $1.75 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 $2.02 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.00, the stock is -11.20% and -22.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.63 million and changing -0.74% at the moment leaves the stock -40.17% off its SMA200. BTBT registered -17.01% loss for a year compared to 6-month loss of -40.30%. The firm has a 50-day simple moving average (SMA 50) of $2.5959 and a 200-day simple moving average (SMA200) of $3.34305.
The stock witnessed a -21.26% gain in the last 1 month and extending the period to 3 months gives it a -45.80%, and is -0.99% 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 11.21% over the week and 8.82% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $364.87M and $108.05M in sales. Current P/E ratio is 8.25 and Fwd P/E is 8.16. Profit margin for the company is 26.20%. Distance from 52-week low is 14.29% and -65.16% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
with sales reaching $24.89M over the same period.The EPS is expected to shrink by -161.40% this year, but quarterly earnings will post 36.52% year-over-year. Quarterly sales are estimated to shrink -17.84% in year-over-year returns.
Bit Digital Inc (BTBT) Top Institutional Holders
212.0 institutions hold shares in Bit Digital Inc (BTBT), with institutional investors hold 38.53% of the company’s shares. The shares outstanding are 179.13M, and float is at 178.47M with Short Float at 18.65%. Institutions hold 37.84% of the Float.
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 8.6444% 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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