In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Bit Digital Inc (NASDAQ: BTBT) was $2.10 for the day, down -7.49% from the previous closing price of $2.27. In other words, the price has decreased by -$7.49 from its previous closing price. On the day, 13.09 million shares were traded. BTBT stock price reached its highest trading level at $2.22 during the session, while it also had its lowest trading level at $2.08.
Ratios:
Our analysis of BTBT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.38 and its Current Ratio is at 5.38. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on January 21, 2025, initiated with a Buy rating and assigned the stock a target price of $6.
On October 24, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6.
On February 13, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.Northland Capital initiated its Outperform rating on February 13, 2024, with a $6 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTBT now has a Market Capitalization of 383113504 and an Enterprise Value of 310768416. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.66, and their Forward P/E ratio for the next fiscal year is 8.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 2.891 whereas that against EBITDA is 5.238.
Stock Price History:
The Beta on a monthly basis for BTBT is 6.08, which has changed by -0.23913044 over the last 52 weeks, in comparison to a change of 0.06429911 over the same period for the S&P500. Over the past 52 weeks, BTBT has reached a high of $5.74, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is -24.74%, while the 200-Day Moving Average is calculated to be -37.57%.
Shares Statistics:
BTBT traded an average of 16.37M shares per day over the past three months and 11985500 shares per day over the past ten days. A total of 179.13M shares are outstanding, with a floating share count of 178.47M. Insiders hold about 2.17% of the company’s shares, while institutions hold 35.27% stake in the company. Shares short for BTBT as of 1741910400 were 33290816 with a Short Ratio of 2.03, compared to 1739491200 on 34574532. Therefore, it implies a Short% of Shares Outstanding of 33290816 and a Short% of Float of 18.38.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
