The stock of Bit Origin Ltd (BTOG) has gone down by -5.98% for the week, with a -61.56% drop in the past month and a -40.96% drop in the past quarter. The volatility ratio for the week is 10.96%, and the volatility levels for the past 30 days are 18.27% for BTOG. The simple moving average for the last 20 days is -44.59% for BTOG’s stock, with a simple moving average of -52.51% for the last 200 days.
Is It Worth Investing in Bit Origin Ltd (NASDAQ: BTOG) Right Now?
The 36-month beta value for BTOG is also noteworthy at 1.31.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BTOG is 4.91M, and at present, short sellers hold a 8.01% of that float. The average trading volume of BTOG on July 19, 2024 was 405.89K shares.
BTOG) stock’s latest price update
The stock of Bit Origin Ltd (NASDAQ: BTOG) has decreased by -9.90 when compared to last closing price of 1.92.Despite this, the company has seen a loss of -5.98% in its stock price over the last five trading days. globenewswire.com reported 2024-06-07 that NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) — Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), an emerging growth company engaged in the crypto mining business with diversified expansion strategies, today announces that it has signed a strategic agreement to become a sales representative for Aethir, the premier enterprise-focused distributed graphics processing units (“GPU”) cloud provider.
BTOG Trading at -51.47% from the 50-Day Moving Average
After a stumble in the market that brought BTOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.18% of loss for the given period.
Volatility was left at 18.27%, however, over the last 30 days, the volatility rate increased by 10.96%, as shares sank -63.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.91% lower at present.
During the last 5 trading sessions, BTOG fell by -5.98%, which changed the moving average for the period of 200-days by +17.69% in comparison to the 20-day moving average, which settled at $2.9685. In addition, Bit Origin Ltd saw -58.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTOG
Current profitability levels for the company are sitting at:
- -1.52 for the present operating margin
- -0.47 for the gross margin
The net margin for Bit Origin Ltd stands at -4.41. The total capital return value is set at -1.36. Equity return is now at value -146.42, with -125.02 for asset returns.
Based on Bit Origin Ltd (BTOG), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at -2.89. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -161.71.
Currently, EBITDA for the company is -5.82 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 7.27for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.59.
Conclusion
In summary, Bit Origin Ltd (BTOG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
