The trading price of Bit Digital, Inc. (NASDAQ:BTBT) floating lower at last check on Tuesday, Feb 23, closing at $18.71, -15.82% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $13.51 and $16.42. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $33 and a 52-week low of $0.28. Over the past month, the stock has gained 14.36% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Bit Digital, Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BTBT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how Bit Digital, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: BTBT stock’s performance was -15.82% at last check in today’s session, and +4048.56% in the past year, while Spotify Technology S.A. (SPOT) has been trading -5.67% in recent session and positioned +138.12% higher than it was a year ago. Another comparable company Docusign Inc (DOCU) saw its stock trading -2.02% lower in today’s session but was up +174.44% in a year. Furthermore, Aptiv Plc (APTV) showed a decline of -15.82% today while its price kept rising at 4048.56% over the past year. Bit Digital, Inc. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Docusign Inc’s 0. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.
An evaluation of the daily trading volume of Bit Digital, Inc. (NASDAQ:BTBT) indicates that the 3-month average is 8.59 Million. However, this figure has declined over the past 10 days to an average of 4.48 Million.
Currently, records show that 48.04 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 23.33% of outstanding shares, whereas institutions hold 0.29%. The stats also highlight that short interest as of January 28, 2021, stood at 1.03 Million shares, resulting in a short ratio of 0.07 at that time. From this, we can conclude that short interest is 2.15% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 718.5 Million. However, since the stock’s price has seen -14.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.