Bit Digital Inc (NASDAQ:BTBT) shares, rose in value on Thursday, July 10, with the stock price down by -3.34% to the previous day’s close as strong demand from buyers drove the stock to $3.47.
Actively observing the price movement in the last trading, the stock closed the session at $3.59, falling within a range of $3.39 and $3.63. The value of beta (5-year monthly) was 5.365. Referring to stock’s 52-week performance, its high was $5.74, and the low was $1.69. On the whole, BTBT has fluctuated by 30.94% over the past month.
With the market capitalization of Bit Digital Inc currently standing at about $983.86 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-15.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 127.4M, with a low estimate of 22.9M and a high estimate of 31.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 27.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTBT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BTBT currently trading nearly 30.87% and 41.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.51, while the 7-day volatility ratio is showing 13.44% which for the 30-day chart, stands at 9.08%. Furthermore, Bit Digital Inc (BTBT)’s beta value is 4.88.
A comparison of Bit Digital Inc (BTBT) with its peers suggests the former has fared considerably weaker in the market. BTBT showed an intraday change of -3.34% in last session, and over the past year, it grew by 18.43%%.
Data on historical trading for Bit Digital Inc (NASDAQ:BTBT) indicates that the trading volumes over the past 10 days have averaged 86.55 and over the past 3 months, they’ve averaged 25.03 million. According to company’s latest data on outstanding shares, there are 283.53 million shares outstanding.
Nearly 3.02% of Bit Digital Inc’s shares belong to company insiders and institutional investors own 23.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.34 million shares as on 2025-06-13, resulting in a short ratio of 1.64. According to the data, the short interest in Bit Digital Inc (BTBT) stood at 1339.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 29.07 million. The stock has fallen by -7.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTBT stock heading into the next quarter.
