Market Momentum: Bit Origin Ltd (BTOG) Registers a 7.65% Increase, Closing at $0.44

Kevin Freeman

Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.

Bit Origin Ltd (NASDAQ: BTOG) closed the day trading at $0.44 up 7.65% from the previous closing price of $0.41. In other words, the price has increased by $7.65 from its previous closing price. On the day, 3.58 million shares were traded. BTOG stock price reached its highest trading level at $0.4477 during the session, while it also had its lowest trading level at $0.42.

Ratios:

For a better understanding of BTOG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.04 and its Current Ratio is at 2.04.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTOG now has a Market Capitalization of 39979984 and an Enterprise Value of 8660835.

Stock Price History:

The Beta on a monthly basis for BTOG is 1.66, which has changed by -0.7934884 over the last 52 weeks, in comparison to a change of 0.1443547 over the same period for the S&P500. Over the past 52 weeks, BTOG has reached a high of $2.74, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 4.44%, while the 200-Day Moving Average is calculated to be 19.68%.

Shares Statistics:

Over the past 3-months, BTOG traded about 28.91M shares per day on average, while over the past 10 days, BTOG traded about 7926630 shares per day. A total of 89.38M shares are outstanding, with a floating share count of 81.27M. Insiders hold about 9.07% of the company’s shares, while institutions hold 0.19% stake in the company. Shares short for BTOG as of 1759190400 were 3906585 with a Short Ratio of 0.14, compared to 1756425600 on 4895908. Therefore, it implies a Short% of Shares Outstanding of 3906585 and a Short% of Float of 4.37.

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