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In the latest session, Bit Digital Inc (NASDAQ: BTBT) closed at $2.64 down -8.01% from its previous closing price of $2.87. In other words, the price has decreased by -$8.01 from its previous closing price. On the day, 11.58 million shares were traded. BTBT stock price reached its highest trading level at $2.82 during the session, while it also had its lowest trading level at $2.59.
Ratios:
For a deeper understanding of Bit Digital Inc’s stock, let’s take a closer look at its various ratios. 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 424163552 and an Enterprise Value of 317946432. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.99, and their Forward P/E ratio for the next fiscal year is 11.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.49 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 3.661 whereas that against EBITDA is 38.536.
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 -20.83%, while the 200-Day Moving Average is calculated to be -8.53%.
Shares Statistics:
For the past three months, BTBT has traded an average of 11.78M shares per day and 8271240 over the past ten days. A total of 147.79M shares are outstanding, with a floating share count of 146.89M. Insiders hold about 0.61% of the company’s shares, while institutions hold 37.53% stake in the company. Shares short for BTBT as of 1724976000 were 20258490 with a Short Ratio of 1.72, compared to 1722384000 on 22193041. Therefore, it implies a Short% of Shares Outstanding of 20258490 and a Short% of Float of 13.83.
