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 price of Bit Digital Inc (NASDAQ: BTBT) closed at $1.76 in the last session, down -1.12% from day before closing price of $1.78. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 8.93 million shares were traded. BTBT stock price reached its highest trading level at $1.84 during the session, while it also had its lowest trading level at $1.73.
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 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 325309600 and an Enterprise Value of 248740512. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.26, and their Forward P/E ratio for the next fiscal year is 7.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 2.314 whereas that against EBITDA is 4.193.
Stock Price History:
The Beta on a monthly basis for BTBT is 5.08, which has changed by -0.2072072 over the last 52 weeks, in comparison to a change of 0.017286062 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 $1.69. The 50-Day Moving Average of the stock is -25.36%, while the 200-Day Moving Average is calculated to be -46.43%.
Shares Statistics:
According to the various share statistics, BTBT traded on average about 15.73M shares per day over the past 3-months and 14773340 shares per day over the past 10 days. A total of 179.13M shares are outstanding, with a floating share count of 178.78M. Insiders hold about 2.17% of the company’s shares, while institutions hold 34.72% stake in the company. Shares short for BTBT as of 1743379200 were 34717435 with a Short Ratio of 2.21, compared to 1740700800 on 33278003. Therefore, it implies a Short% of Shares Outstanding of 34717435 and a Short% of Float of 19.17.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
