The trading price of Bit Origin Ltd (NASDAQ:BTOG) closed lower on Tuesday, May 23, closing at $0.10, -17.64% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.095 and $0.119. The company’s P/E ratio in the trailing 12-month period was 98.50, while its 5Y monthly beta was 0.38. In examining the 52-week price action we see that the stock hit a 52-week high of $1.01 and a 52-week low of $0.12. Over the past month, the stock has lost -53.99% in value.
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Bit Origin Ltd, whose market valuation is $9.52 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Bit Origin Ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BTOG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BTOG’s price is currently -40.74% off the SMA20 and -55.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 25.54, and weekly volatility stands at 18.92%. When measured over the past 30 days, the indicator reaches 16.82%. Bit Origin Ltd (NASDAQ:BTOG)’s beta value is currently sitting at 0.40, while the Average True Range indicator is currently displaying 0.03.
To see how Bit Origin Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: BTOG stock’s performance was -17.64% in the latest trading, and -88.38% in the past year. Bit Origin Ltd has a P/E ratio of 98.50. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.
An evaluation of the daily trading volume of Bit Origin Ltd (NASDAQ:BTOG) indicates that the 3-month average is 120.94K. However, this figure has increased over the past 10 days to an average of 0.42 million.
Currently, records show that 100.54 million of the company’s shares remain outstanding. The insiders hold 18.40% of outstanding shares, whereas institutions hold 0.30%. The stats also highlight that short interest as of Apr 27, 2023, stood at 0.17 million shares, resulting in a short ratio of 1.93 at that time. From this, we can conclude that short interest is 0.17% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 0.17 million. However, since the stock’s price has seen -44.07% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.