Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $3.25 in the prior trading day, Bit Digital Inc (NASDAQ: BTBT) closed at $3.15, down -3.08%. In other words, the price has decreased by -$3.08 from its previous closing price. On the day, 14.76 million shares were traded. BTBT stock price reached its highest trading level at $3.35 during the session, while it also had its lowest trading level at $3.12.
Ratios:
Our goal is to gain a better understanding of BTBT by taking a closer look at its different ratios. 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.
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 483553344 and an Enterprise Value of 541844928. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.97, and their Forward P/E ratio for the next fiscal year is 78.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.93 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 6.239 whereas that against EBITDA is 65.672.
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 -16.79%, while the 200-Day Moving Average is calculated to be -4.77%.
Shares Statistics:
The stock has traded on average 19.64M shares per day over the past 3-months and 19066060 shares per day over the last 10 days, according to various share statistics. A total of 153.51M shares are outstanding, with a floating share count of 150.16M. Insiders hold about 2.18% of the company’s shares, while institutions hold 36.16% stake in the company. Shares short for BTBT as of 1730332800 were 25691338 with a Short Ratio of 1.74, compared to 1727654400 on 25941105. Therefore, it implies a Short% of Shares Outstanding of 25691338 and a Short% of Float of 17.54.
