BTC Digital Ltd (NASDAQ:BTCT) traded at $5.14 at close of the session on Tuesday, December 17 and made a downward move of -14.48% on its previous day’s price.
Looking at the stock we see that its previous close was $6.01 and the beta (5Y monthly) reads -0.08 with the day’s price range being $4.6949 – $5.52. In terms of its 52-week price range, BTCT has a high of $26.58 and a low of $1.32. The company’s stock has lost about -73.33% over that past 30 days.
BTC Digital Ltd has a market cap of $25.83 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 17.94M, with a low of 17.94M and a high of 17.94M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 70.88M, or 7.92% up from figures reported last year.
On the other hand, looking at the outlook for the BTCT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -59.62% off its SMA20 and -31.99% from its 50-day simple moving average. The RSI (14) is pointing at 34.10 while the volatility over the past week is 19.78% and jumps to 19.86% over the past one month. The beta value is 2.42, while the average true range (ATR) is currently pointing at 2.32.
Coming back to BTC Digital Ltd (NASDAQ:BTCT), we note that the average 3-month trading volume was 3.77 million, while that of the preceding 10-day period stands at 1.16 million. Current shares outstanding are 5.03 million.
The insiders hold 15.36% of the company’s shares while institutions hold 0.60%. The data shows that short shares as of 2024-10-31, stood at 12854.0 at a short ratio of 0.3. This represents a 50.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 6616.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.64% up in year-to-date price movement.
