Bit Digital Inc (BTBT) concluded trading on Wednesday at a closing price of $2.17, with 3.63 million shares of worth about $7.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.12% during that period and on May 08, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 118.12M shares, out of which, 117.38M shares are available for trading.
Stock saw a price change of 7.69% in past 5 days and over the past one month there was a price change of -5.24%. Year-to-date (YTD), BTBT shares are showing a performance of -48.70% which decreased to -4.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.76 but also hit the highest price of $5.27 during that period. The average intraday trading volume for Bit Digital Inc shares is 7.69 million. The stock is currently trading 2.99% above its 20-day simple moving average (SMA20), while that difference is down -6.05% for SMA50 and it goes to -18.40% lower than SMA200.
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Bit Digital Inc (NASDAQ: BTBT) currently have 118.12M outstanding shares and institutions hold larger chunk of about 34.14% of that.
The stock has a current market capitalization of $256.32M. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 3.04 while making debt-to-equity ratio of 0.04. 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 5.63% while standing at 8.08% over the month.
Analysts are in expectations that Bit Digital Inc (BTBT) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0.06 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 -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -81.25% while it is estimated to increase by 196.30% 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 Northland Capital on February 13, 2024 offering an Outperform rating for the stock and assigned a target price of $6 to it. Coverage by H.C. Wainwright stated Bit Digital Inc (BTBT) stock as a Buy in their note to investors on September 23, 2021, suggesting a price target of $14 for the stock.
