In the past week, BTCT stock has gone up by 411.11%, with a monthly gain of 671.26% and a quarterly surge of 666.67%. The volatility ratio for the week is 103.82%, and the volatility levels for the last 30 days are 35.63% for BTC Digital Ltd The simple moving average for the past 20 days is 140.09% for BTCT’s stock, with a 386.79% simple moving average for the past 200 days.
Is It Worth Investing in BTC Digital Ltd (NASDAQ: BTCT) Right Now?
The 36-month beta value for BTCT is at 1.09. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BTCT is 1.97M, and currently, shorts hold a 0.65% of that float. The average trading volume for BTCT on November 19, 2024 was 3.16M shares.
BTCT) stock’s latest price update
BTC Digital Ltd (NASDAQ: BTCT)’s stock price has dropped by -33.16 in relation to previous closing price of 19.27. Nevertheless, the company has seen a gain of 411.11% in its stock price over the last five trading days. prnewswire.com reported 2024-11-13 that SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ — Blockchain technology company BTC Digital Ltd. ( “BTC Digital” or “the Company”) (NASDAQ: BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia, with plans to provide hosting services for their 1,100 Bitcoin mining machines (the “Hosting Agreements”).
BTCT Trading at 320.84% from the 50-Day Moving Average
After a stumble in the market that brought BTCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.54% of loss for the given period.
Volatility was left at 35.63%, however, over the last 30 days, the volatility rate increased by 103.82%, as shares surge +685.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +813.54% upper at present.
During the last 5 trading sessions, BTCT rose by +411.11%, which changed the moving average for the period of 200-days by +236.29% in comparison to the 20-day moving average, which settled at $5.36. In addition, BTC Digital Ltd saw 167.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BTCT
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- -0.08 for the gross margin
The net margin for BTC Digital Ltd stands at -0.27. The total capital return value is set at -0.11.
Based on BTC Digital Ltd (BTCT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.72. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -172.23.
Currently, EBITDA for the company is 0.39 million with net debt to EBITDA at -2.86. When we switch over and look at the enterprise to sales, we see a ratio of 5.7. The receivables turnover for the company is 4.46for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
In conclusion, BTC Digital Ltd (BTCT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
