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The closing price of Bit Digital Inc (NASDAQ: BTBT) was $3.56 for the day, down -6.56% from the previous closing price of $3.81. In other words, the price has decreased by -$6.56 from its previous closing price. On the day, 15.76 million shares were traded. BTBT stock price reached its highest trading level at $4.1 during the session, while it also had its lowest trading level at $3.54.
Ratios:
Our analysis of BTBT’s different ratios will help us gain a deeper understanding of the company. 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, B. Riley Securities on October 24, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On February 13, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.
On September 23, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $14.H.C. Wainwright initiated its Buy rating on September 23, 2021, with a $14 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 526139520 and an Enterprise Value of 444318592. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.81, and their Forward P/E ratio for the next fiscal year is 24.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.66 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 5.116 whereas that against EBITDA is 53.852.
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 5.24%, while the 200-Day Moving Average is calculated to be 22.21%.
Shares Statistics:
BTBT traded an average of 10.09M shares per day over the past three months and 12592250 shares per day over the past ten 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 38.67% stake in the company. Shares short for BTBT as of 1728950400 were 26475999 with a Short Ratio of 2.62, compared to 1726185600 on 23912969. Therefore, it implies a Short% of Shares Outstanding of 26475999 and a Short% of Float of 18.07.
