Bit Digital Inc. (NASDAQ:BTBT) went down by -5.38% from its latest closing price compared to the recent 1-year high of $33.00. The company’s stock price has collected -7.14% of loss in the last five trading sessions. Press Release reported on 04/29/21 that Bit Digital, Inc. Announces Bitcoin Production and Mining Operations Update for the First Quarter of 2021
Is It Worth Investing in Bit Digital Inc. (NASDAQ :BTBT) Right Now?
Bit Digital Inc. (NASDAQ:BTBT) scored a price-to-earnings ratio above its average ratio, recording 402.90 x from its present earnings ratio. 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 4.18% ratio of that float. Today, the average trading volume of BTBT was 3.05M shares.
BTBT’s Market Performance
BTBT stocks went down by -7.14% for the week, with a monthly drop of -12.84% and a quarterly performance of -31.45%, while its annual performance rate touched 755.48%. The volatility ratio for the week stands at 7.78% while the volatility levels for the past 30 days are set at 12.25% for Bit Digital Inc.. The simple moving average for the period of the last 20 days is -12.26% for BTBT stocks with a simple moving average of 25.12% for the last 200 days.
BTBT Trading at -17.62% 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 -62.15% of loss for the given period.
Volatility was left at 12.25%, however, over the last 30 days, the volatility rate increased by 7.78%, as shares sank -25.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.69% lower at present.
During the last 5 trading sessions, BTBT fell by -7.14%, which changed the moving average for the period of 200-days by +540.51% in comparison to the 20-day moving average, which settled at $14.02. In addition, Bit Digital Inc. saw -42.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTBT
Current profitability levels for the company are sitting at:
- +5.32 for the present operating margin
- +17.26 for the gross margin
The net margin for Bit Digital Inc. stands at +9.14. The total capital return value is set at 5.32, while invested capital returns managed to touch 9.19.
The receivables turnover for the company is 79.55 and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.60.