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The price of Bit Digital Inc (NASDAQ: BTBT) closed at $4.24 in the last session, up 0.95% from day before closing price of $4.20. In other words, the price has increased by $0.95 from its previous closing price. On the day, 13.77 million shares were traded. BTBT stock price reached its highest trading level at $4.3 during the session, while it also had its lowest trading level at $4.03.
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 513056928 and an Enterprise Value of 494773984. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.93, and their Forward P/E ratio for the next fiscal year is 16.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.66 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 7.392 whereas that against EBITDA is -238.143.
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 52.40%, while the 200-Day Moving Average is calculated to be 60.42%.
Shares Statistics:
According to the various share statistics, BTBT traded on average about 8.82M shares per day over the past 3-months and 14011250 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 34.47% stake in the company. Shares short for BTBT as of 1719532800 were 22858282 with a Short Ratio of 2.59, compared to 1717113600 on 20569711. Therefore, it implies a Short% of Shares Outstanding of 22858282 and a Short% of Float of 19.1.
