The stock of Bit Origin Ltd (BTOG) has seen a -8.09% decrease in the past week, with a -37.50% drop in the past month, and a -35.57% decrease in the past quarter. The volatility ratio for the week is 12.78%, and the volatility levels for the past 30 days are at 14.84% for BTOG. The simple moving average for the last 20 days is -15.50% for BTOG’s stock, with a simple moving average of -55.99% for the last 200 days.
Is It Worth Investing in Bit Origin Ltd (NASDAQ: BTOG) Right Now?
The stock has a 36-month beta value of 1.29.
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The public float for BTOG is 7.44M, and at present, short sellers hold a 1.46% of that float. On December 10, 2024, the average trading volume of BTOG was 84.34K shares.
BTOG) stock’s latest price update
Bit Origin Ltd (NASDAQ: BTOG) has experienced a decline in its stock price by -10.07 compared to its previous closing price of 1.39. However, the company has seen a fall of -8.09% 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 -31.02% 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 -87.13% of loss for the given period.
Volatility was left at 14.84%, however, over the last 30 days, the volatility rate increased by 12.78%, as shares sank -33.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.19% lower at present.
During the last 5 trading sessions, BTOG fell by -8.09%, which changed the moving average for the period of 200-days by -79.81% in comparison to the 20-day moving average, which settled at $1.4792. In addition, Bit Origin Ltd saw -69.88% 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:
- -1.93 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 -1.16. 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 -1.92. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -137.48.
Currently, EBITDA for the company is -22.63 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.59.
Conclusion
To sum up, Bit Origin Ltd (BTOG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
