BTC Digital Ltd (NASDAQ:BTCT) price on Wednesday, November 13, rose 68.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.65.
A look at the stock’s price movement, the close in the last trading session was $10.50, moving within a range at $15.36 and $25.4. The beta value (5-Year monthly) was -0.08. Turning to its 52-week performance, $17.00 and $1.32 were the 52-week high and 52-week low respectively. Overall, BTCT moved 988.97% over the past month.
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BTC Digital Ltd’s market cap currently stands at around $46.07 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 17.22M for the company’s revenue for the quarter, with a low and high estimate of 17.22M and 17.22M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 70.88M, representing a 7.92% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTCT is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
BTCT’s current price about 485.69% and 737.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 97.13, while 7-day volatility ratio is 93.67% and 30.41% in the 30-day chart. Further, BTC Digital Ltd (BTCT) has a beta value of 1.18, and an average true range (ATR) of 2.34.
If we refocus on BTC Digital Ltd (NASDAQ:BTCT), historical trading data shows that trading volumes averaged 13.11 over the past 10 days and 2.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.10 million shares.
The 24.38% of BTC Digital Ltd’s shares are in the hands of company insiders while institutional holders own 1.35% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12854.0 on 2024-10-31, giving us a short ratio of 0.3. The data shows that as of 2024-10-31 short interest in BTC Digital Ltd (BTCT) stood at 50.0 of shares outstanding, with shares short rising to 6616.0 registered in 2024-09-30. Current price change has pushed the stock 266.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTCT stock continues to rise going into the next quarter.
