Bit Origin Ltd (NASDAQ:BTOG) price on Thursday, March 20, rose 12.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.30.
A look at the stock’s price movement, the close in the last trading session was $0.26, moving within a range at $0.28 and $0.314. The beta value (5-Year monthly) was 1.245. Turning to its 52-week performance, $6.03 and $0.16 were the 52-week high and 52-week low respectively. Overall, BTOG moved -36.34% over the past month.
Bit Origin Ltd’s market cap currently stands at around $2.56 million, with investors looking forward to this quarter’s earnings report slated for in April.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTOG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BTOG’s current price about -10.25% and -38.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.79, while 7-day volatility ratio is 13.51% and 49.08% in the 30-day chart. Further, Bit Origin Ltd (BTOG) has a beta value of 1.05, and an average true range (ATR) of 0.12.
If we refocus on Bit Origin Ltd (NASDAQ:BTOG), historical trading data shows that trading volumes averaged 93.99 over the past 10 days and 24.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 8.54 million shares.
The 7.39% of Bit Origin Ltd’s shares are in the hands of company insiders while institutional holders own 1.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.54 million on 2025-02-28, giving us a short ratio of 0.21. The data shows that as of 2025-02-28 short interest in Bit Origin Ltd (BTOG) stood at 634.0 of shares outstanding, with shares short rising to 38960.0 registered in 2025-01-31. Current price change has pushed the stock -69.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTOG stock continues to rise going into the next quarter.
