The trading price of BTC Digital Ltd (NASDAQ:BTCT) closed lower on Friday, November 15, and closing at $19.27, -2.43% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $17.4 and $20.9. In examining the 52-week price action we see that the stock hit a 52-week high of $26.58 and a 52-week low of $1.32. Over the past month, the stock has gained 1127.39% in value.
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BTC Digital Ltd, whose market valuation is $62.00 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -1.58 per share this quarter, however they have predicted annual earnings per share of -7.03 for current year and nan for next year.
Analysts have forecast the company to bring in revenue of 17.94M for the current quarter, with the likely lows of 17.94M and highs of 17.94M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 74.61M.
On the technical side, indicators suggest BTCT has a 100% 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 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that BTCT’s price is currently 301.24% off the SMA20 and 580.64% off the SMA50. The RSI metric on the 14-day chart is currently showing 94.62, and weekly volatility stands at 102.92%. When measured over the past 30 days, the indicator reaches 32.96%. BTC Digital Ltd (NASDAQ:BTCT)’s beta value is currently sitting at 2.06, while the Average True Range indicator is currently displaying 2.79.
To see how BTC Digital Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: BTCT stock’s performance was -2.43% in the latest trading, and 420.11% in the past year.
An evaluation of the daily trading volume of BTC Digital Ltd (NASDAQ:BTCT) indicates that the 3-month average is 3.06 million. However, this figure has increased over the past 10 days to an average of 20.32.
Currently, records show that 2.10 million of the company’s shares remain outstanding. The insiders hold 24.38% of outstanding shares, whereas institutions hold 1.15%. The stats also highlight that short interest as of 2024-10-31, stood at 12854.0 shares, resulting in a short ratio of 0.3 at that time. From this, we can conclude that short interest is 50.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 6616.0. However, since the stock’s price has seen 299.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
