Bit Digital Inc (NASDAQ: BTBT) is -14.33% 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 $2.38 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $2.51, the stock is 20.07% and 19.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.71 million and changing 5.46% at the moment leaves the stock -19.56% off its SMA200. BTBT registered 5.91% gain for a year compared to 6-month loss of -45.91%.
The stock witnessed a 41.01% gain in the last 1 month and extending the period to 3 months gives it a -15.77%, and is 16.74% 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 10.04% over the week and 6.55% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $521.53M and $102.87M in sales. Fwd P/E is 17.93. Profit margin for the company is -77.27%. Distance from 52-week low is 48.52% and -56.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.64%).
The EPS is expected to shrink by -235.09% this year.
Bit Digital Inc (BTBT) Top Institutional Holders
The shares outstanding are 207.78M, and float is at 203.26M with Short Float at 13.82%.
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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