Bit Digital Inc. (NASDAQ:BTBT) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 11.03% to the previous day’s close as strong demand from buyers drove the stock to $4.73.
Actively observing the price movement in the last trading, the stock closed the session at $4.26, falling within a range of $4.36 and $4.855. The value of beta (5-year monthly) was 4.63 whereas the PE ratio was 5.94 over 12-month period. Referring to stock’s 52-week performance, its high was $33.00, and the low was $1.86. On the whole, BTBT has fluctuated by -31.94% over the past month.
With the market capitalization of Bit Digital Inc. currently standing at about $256.08 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 13, 2021.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BTBT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BTBT currently trading nearly -18.97% and -37.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.14, while the 7-day volatility ratio is showing 10.59% which for the 30-day chart, stands at 8.62%. Furthermore, Bit Digital Inc. (BTBT)’s average true range (ATR) is 0.56.
Data on historical trading for Bit Digital Inc. (NASDAQ:BTBT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.24 million. According to company’s latest data on outstanding shares, there are 48.29 million shares outstanding.
Nearly 23.20% of Bit Digital Inc.’s shares belong to company insiders and institutional investors own 4.80% of the company’s shares. The stock has fallen by -78.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTBT stock heading into the next quarter.