Bit Digital Inc (BTBT) concluded trading on Wednesday at a closing price of $2.43, with 5.65 million shares of worth about $13.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.72% during that period and on Wednesday February 7 the price saw a loss of about -1.22%. Currently the company’s common shares owned by public are about 85.03M shares, out of which, 84.62M shares are available for trading.
However, the stock later moved at a day high price of 2.4880, or with a loss of -1.22%. Stock saw a price change of -7.95% in past 5 days and over the past one month there was a price change of -35.20%. Year-to-date (YTD), BTBT shares are showing a performance of -42.55% which increased to 60.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.97 but also hit the highest price of $5.27 during that period. The average intraday trading volume for Bit Digital Inc shares is 8.11 million. The stock is currently trading -11.59% below its 20-day simple moving average (SMA20), while that difference is down -22.57% for SMA50 and it goes to -15.25% lower than SMA200.
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Bit Digital Inc (NASDAQ: BTBT) currently have 85.03M outstanding shares and institutions hold larger chunk of about 32.37% of that.
The stock has a current market capitalization of $206.62M. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 10.31 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BTBT, volatility over the week remained 7.51% while standing at 9.33% over the month.
Analysts are in expectations that Bit Digital Inc (BTBT) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is $0.04 and it is -$0.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 86.07% while it is estimated to increase by 71.43% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on September 23, 2021 offering a Buy rating for the stock and assigned a target price of $14 to it.
