The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Bit Digital Inc (NASDAQ: BTBT) was $3.12 for the day, down -0.95% from the previous closing price of $3.15. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 9.87 million shares were traded. BTBT stock price reached its highest trading level at $3.1999 during the session, while it also had its lowest trading level at $3.06.
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 5.25 and its Current Ratio is at 5.25. In the meantime, Its Debt-to-Equity ratio is 0.04 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 478948032 and an Enterprise Value of 396123744. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.49, and their Forward P/E ratio for the next fiscal year is 81.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.89 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 4.042 whereas that against EBITDA is 101.092.
Stock Price History:
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 -12.43%, while the 200-Day Moving Average is calculated to be -7.10%.
Shares Statistics:
BTBT traded an average of 18.13M shares per day over the past three months and 14075960 shares per day over the past ten days. A total of 153.51M shares are outstanding, with a floating share count of 150.15M. Insiders hold about 2.19% of the company’s shares, while institutions hold 41.80% stake in the company. Shares short for BTBT as of 1738281600 were 35453965 with a Short Ratio of 1.96, compared to 1735603200 on 34819648. Therefore, it implies a Short% of Shares Outstanding of 35453965 and a Short% of Float of 23.290001.
