Bit Digital Inc. (NASDAQ:BTBT) went down by -16.15% from its latest closing price compared to the recent 1-year high of $20.74. The company’s stock price has collected -24.77% of loss in the last five trading sessions. The Wall Street Journal reported on 10/28/21 that Shiba Inu Coin, Tesla, Ford, Nokia: What to Watch in the Stock Market Today
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 7.70 x from its present earnings ratio. Plus, the 36-month beta value for BTBT is at 6.85. Opinions of the stock are interesting as 1 analysts out of 1 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.”
The average price from analysts is $14.00, which is $12.39 above the current price. BTBT currently public float of 66.15M and currently shorts hold a 13.78% ratio of that float. Today, the average trading volume of BTBT was 3.76M shares.
BTBT’s Market Performance
BTBT stocks went down by -24.77% for the week, with a monthly drop of -49.05% and a quarterly performance of -62.12%, while its annual performance rate touched -84.59%. The volatility ratio for the week stands at 10.48% while the volatility levels for the past 30 days are set at 9.58% for Bit Digital Inc.. The simple moving average for the period of the last 20 days is -33.37% for BTBT stocks with a simple moving average of -78.22% for the last 200 days.
Analysts’ Opinion of BTBT
Many brokerage firms have already submitted their reports for BTBT stocks, with H.C. Wainwright repeating the rating for BTBT by listing it as a “Buy.” The predicted price for BTBT in the upcoming period, according to H.C. Wainwright is $14 based on the research report published on September 23rd of the previous year 2021.
BTBT Trading at -47.83% 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 -92.24% of loss for the given period.
Volatility was left at 9.58%, however, over the last 30 days, the volatility rate increased by 10.48%, as shares sank -46.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.37% lower at present.
During the last 5 trading sessions, BTBT fell by -24.77%, which changed the moving average for the period of 200-days by -61.94% in comparison to the 20-day moving average, which settled at $2.3465. In addition, Bit Digital Inc. saw -73.52% 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:
- +13.60 for the present operating margin
- +54.36 for the gross margin
The net margin for Bit Digital Inc. stands at +5.06. Equity return is now at value 4.40, with 4.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 19.14.