Bit Digital Inc. (NASDAQ:BTBT) price on Wednesday, August 25, rose 1.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.98.
A look at the stock’s price movement, the close in the last trading session was $10.86, moving within a range at $10.44 and $11.82. The beta value (5-Year monthly) was 4.64 while the PE ratio in trailing twelve months stood at 13.79. Turning to its 52-week performance, $33.00 and $3.40 were the 52-week high and 52-week low respectively. Overall, BTBT moved 86.42% over the past month.
Bit Digital Inc.’s market cap currently stands at around $609.83 million, with investors looking forward to this quarter’s earnings report slated for Aug 20, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BTBT is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
BTBT’s current price about -11.82% and 26.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.59, while 7-day volatility ratio is 14.50% and 21.30% in the 30-day chart. Further, Bit Digital Inc. (BTBT) has a beta value of 0, and an average true range (ATR) of 2.11.
In the market, a comparison of Bit Digital Inc. (BTBT) and its peers suggest the former has performed considerably stronger. Data shows BTBT’s intraday price has changed 1.10% in last session and 140.79% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Bit Digital Inc. (NASDAQ:BTBT), historical trading data shows that trading volumes averaged 16.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 48.29 million shares.
The 23.20% of Bit Digital Inc.’s shares are in the hands of company insiders while institutional holders own 10.00% of the company’s shares. Current price change has pushed the stock -49.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTBT stock continues to rise going into the next quarter.