Bit Digital, Inc. (NASDAQ:BTBT) concluded the trading at $17.19 on Friday, Jan 22 with a rise of 5.1% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $16.36 and 5Y monthly beta was reading 0 with its price kept floating in the range of $16.55 and $17.99 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that BTBT hit a high price of $33 and saw its price falling to a low level of $0.28 during that period. Over a period of past 1-month, stock came adding 194.24% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review BTBT stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
In comparing Bit Digital, Inc. (BTBT)’s stock with other industry players reveals that stock’s latest price change of +5.1% and that of +3046.76% over the past 12 months is in better position with that of Spotify Technology S.A. (SPOT) which saw its stock price fell by -1.6% in the recent trading and went through an increase of 135.15% in past 12-month trading. Industry’s another major player Docusign Inc (DOCU) has fell -0.06% down in latest trading session, but over the past year has faced arise of 241.23%, while Thomson Reuters Corp (TRI) was also up 5.1% however its price remained floating in the green at 3046.76% over the same period. Bit Digital, Inc. has a P/E ratio of 0 against that of Spotify Technology S.A.’s 0 while Docusign Inc is showing 0 for the same. On the other hand, the S&P 500 Index is down -0.34% in the early deals today while the Dow Jones Industrial was dealinglower at -0.5%.
Having a second look at Bit Digital, Inc. (NASDAQ:BTBT) provides that stock’s average daily trading volume for 3 months was 6.81 Million, while it jumped to 8.77 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 48.04 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 23.33% while it is 0.29% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 719000000 which implies a short ratio of 0.07. This shows up a 1.5% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 34.18 Million in the previous month. Drop of -25.33% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.
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