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The closing price of Bit Digital Inc (NASDAQ: BTBT) was $3.60 for the day, up 4.65% from the previous closing price of $3.44. In other words, the price has increased by $4.65 from its previous closing price. On the day, 9.33 million shares were traded. BTBT stock price reached its highest trading level at $3.615 during the session, while it also had its lowest trading level at $3.32.
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, 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 532051200 and an Enterprise Value of 449813024. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.98, and their Forward P/E ratio for the next fiscal year is 15.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.13 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 5.179 whereas that against EBITDA is 54.518.
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 10.23%, while the 200-Day Moving Average is calculated to be 24.51%.
Shares Statistics:
BTBT traded an average of 12.00M shares per day over the past three months and 10295890 shares per day 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 37.80% stake in the company. Shares short for BTBT as of 1724976000 were 20258490 with a Short Ratio of 1.69, compared to 1722384000 on 22193041. Therefore, it implies a Short% of Shares Outstanding of 20258490 and a Short% of Float of 13.83.
