In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Bit Digital Inc (NASDAQ: BTBT) closed at $3.16 in the last session, up 6.76% from day before closing price of $2.96. In other words, the price has increased by $6.76 from its previous closing price. On the day, 4.87 million shares were traded. BTBT stock price reached its highest trading level at $3.19 during the session, while it also had its lowest trading level at $2.99.
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 21.05 and its Current Ratio is at 21.05. 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 467022720 and an Enterprise Value of 389374176. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.15, and their Forward P/E ratio for the next fiscal year is 13.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.38 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 4.483 whereas that against EBITDA is 47.193.
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 0.97%, while the 200-Day Moving Average is calculated to be 9.40%.
Shares Statistics:
According to the various share statistics, BTBT traded on average about 10.18M shares per day over the past 3-months and 6066180 shares per day over the past 10 days. A total of 147.79M shares are outstanding, with a floating share count of 147.05M. Insiders hold about 0.50% of the company’s shares, while institutions hold 37.83% stake in the company. Shares short for BTBT as of 1727654400 were 25941105 with a Short Ratio of 2.55, compared to 1724976000 on 20258490. Therefore, it implies a Short% of Shares Outstanding of 25941105 and a Short% of Float of 17.709999.
