Bit Digital Inc (NASDAQ: BTBT) is -28.67% lower on its value in year-to-date trading and has touched a low of $1.69 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 $2.04 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.09, the stock is 8.33% and -8.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.83 million and changing 2.45% at the moment leaves the stock -35.77% off its SMA200. BTBT registered -5.86% loss for a year compared to 6-month loss of -47.75%. The firm has a 50-day simple moving average (SMA 50) of $2.2733 and a 200-day simple moving average (SMA200) of $3.254075.
The stock witnessed a -7.11% gain in the last 1 month and extending the period to 3 months gives it a -43.36%, and is 17.42% 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 6.37% over the week and 8.39% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $381.96M and $108.05M in sales. Current P/E ratio is 8.62 and Fwd P/E is 8.53. Profit margin for the company is 26.20%. Distance from 52-week low is 23.67% and -63.59% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
The EPS is expected to shrink by -161.40% this year.
Bit Digital Inc (BTBT) Top Institutional Holders
212.0 institutions hold shares in Bit Digital Inc (BTBT), with institutional investors hold 39.17% of the company’s shares. The shares outstanding are 179.13M, and float is at 178.78M with Short Float at 17.38%. Institutions hold 38.47% 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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