Bit Digital Inc (NASDAQ: BTBT) is -9.56% 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 $2.43 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $2.65, the stock is 10.67% and 23.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.49 million and changing 9.05% at the moment leaves the stock -14.21% off its SMA200. BTBT registered -5.36% loss for a year compared to 6-month loss of -39.08%. The firm has a 50-day simple moving average (SMA 50) of $2.1417 and a 200-day simple moving average (SMA200) of $3.089075.
The stock witnessed a 31.84% gain in the last 1 month and extending the period to 3 months gives it a 4.33%, and is 12.29% 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 8.35% over the week and 5.59% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $550.62M and $102.87M in sales. Fwd P/E is 24.09. Profit margin for the company is -77.27%. Distance from 52-week low is 56.80% and -53.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.64%).
with sales reaching $29.51M over the same period.The EPS is expected to shrink by -247.37% this year, but quarterly earnings will post 28.10% year-over-year. Quarterly sales are estimated to grow 1.92% in year-over-year returns.
Bit Digital Inc (BTBT) Top Institutional Holders
208.0 institutions hold shares in Bit Digital Inc (BTBT), with institutional investors hold 35.83% of the company’s shares. The shares outstanding are 207.78M, and float is at 203.26M with Short Float at 14.30%. Institutions hold 35.27% 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.
