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.
The price of Bit Digital Inc (NASDAQ: BTBT) closed at $2.71 in the last session, down -8.14% from day before closing price of $2.95. In other words, the price has decreased by -$8.14 from its previous closing price. On the day, 14.63 million shares were traded.
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 5.25 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:
As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.85, and their Forward P/E ratio for the next fiscal year is 70.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 1.36.
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 -20.83%, while the 200-Day Moving Average is calculated to be -19.70%.
Shares Statistics:
A total of 153.51M shares are outstanding, with a floating share count of 150.12M. Insiders hold about 2.21% of the company’s shares, while institutions hold 41.77% stake in the company.
