Bit Digital Inc. (NASDAQ:BTBT) went up by 0.97% from its latest closing price compared to the recent 1-year high of $33.00. The company’s stock price has collected 14.24% of gains in the last five trading sessions. Press Release reported on 12/21/20 that Bit Digital, Inc. Announces the Third Quarter of Fiscal Year 2020 Financial Results
Is It Worth Investing in Bit Digital Inc. (NASDAQ :BTBT) Right Now?
Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Bit Digital Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
BTBT currently public float of 36.84M and currently shorts hold a 0.33% ratio of that float. Today, the average trading volume of BTBT was 5.39M shares.
BTBT’s Market Performance
BTBT stocks went up by 14.24% for the week, with a monthly jump of 327.86% and a quarterly performance of 538.52%, while its annual performance rate touched 3812.77%. The volatility ratio for the week stands at 26.05% while the volatility levels for the past 30 days are set at 25.95% for Bit Digital Inc.. The simple moving average for the period of the last 20 days is 111.89% for BTBT stocks with a simple moving average of 541.38% for the last 200 days.
BTBT Trading at 215.71% from the 50-Day Moving Average
After a stumble in the market that brought BTBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.15% of loss for the given period.
Volatility was left at 25.95%, however, over the last 30 days, the volatility rate increased by 26.05%, as shares surge +339.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +538.52% upper at present.
During the last 5 trading sessions, BTBT rose by +14.24%, in comparison to the 20-day moving average, which settled at $12.78. In addition, Bit Digital Inc. saw 14.24% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BTBT
Current profitability levels for the company are sitting at:
- -208.88 for the present operating margin
The net margin for Bit Digital Inc. stands at -207.13. The total capital return value is set at -117.50, while invested capital returns managed to touch -121.91.
The receivables turnover for the company is 13.61 and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.