Trading Day Review: Bit Origin Ltd (BTOG) Loses Momentum%, Closing at $0.18

Abby Carey

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The price of Bit Origin Ltd (NASDAQ: BTOG) closed at $0.18 in the last session, down -3.69% from day before closing price of $0.19. In other words, the price has decreased by -$3.69 from its previous closing price. On the day, 1.04 million shares were traded. BTOG stock price reached its highest trading level at $0.1922 during the session, while it also had its lowest trading level at $0.1801.

Ratios:

We take a closer look at BTOG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.50 and its Current Ratio is at 9.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 16097071 and an Enterprise Value of 9830724. For the stock, the TTM Price-to-Sale (P/S) ratio is 417.75 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 248.911 whereas that against EBITDA is -4.702.

Stock Price History:

The Beta on a monthly basis for BTOG is 1.92, which has changed by -0.7478992 over the last 52 weeks, in comparison to a change of 0.19362879 over the same period for the S&P500. Over the past 52 weeks, BTOG has reached a high of $1.01, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -27.96%, while the 200-Day Moving Average is calculated to be -38.30%.

Shares Statistics:

According to the various share statistics, BTOG traded on average about 2.00M shares per day over the past 3-months and 2129760 shares per day over the past 10 days. A total of 89.38M shares are outstanding, with a floating share count of 87.84M. Insiders hold about 1.72% of the company’s shares, while institutions hold 0.89% stake in the company. Shares short for BTOG as of 1765756800 were 376013 with a Short Ratio of 0.19, compared to 1763078400 on 2529015. Therefore, it implies a Short% of Shares Outstanding of 376013 and a Short% of Float of 0.42.

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