Analyzing Ratios: Bit Digital Inc (BTBT)’s Financial Story Unveiled

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The price of Bit Digital Inc (NASDAQ: BTBT) closed at $3.51 in the last session, down -6.90% from day before closing price of $3.77. In other words, the price has decreased by -$6.90 from its previous closing price. On the day, 9.83 million shares were traded. BTBT stock price reached its highest trading level at $3.93 during the session, while it also had its lowest trading level at $3.5.

Ratios:

We take a closer look at BTBT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 12.27 and its Current Ratio is at 12.27. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.

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, Northland Capital on February 13, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.

On September 23, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $14.

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 456184160 and an Enterprise Value of 406441248. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.53, and their Forward P/E ratio for the next fiscal year is 13.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.34 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 6.072 whereas that against EBITDA is -195.627.

Stock Price History:

Over the past 52 weeks, BTBT has reached a high of $5.27, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is 33.51%, while the 200-Day Moving Average is calculated to be 34.81%.

Shares Statistics:

According to the various share statistics, BTBT traded on average about 8.31M shares per day over the past 3-months and 17860230 shares per day over the past 10 days. A total of 121.00M shares are outstanding, with a floating share count of 120.26M. Insiders hold about 0.61% of the company’s shares, while institutions hold 34.41% stake in the company. Shares short for BTBT as of 1718323200 were 19973175 with a Short Ratio of 2.40, compared to 1715731200 on 21924721. Therefore, it implies a Short% of Shares Outstanding of 19973175 and a Short% of Float of 16.690001.

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