The stock of Bit Origin Ltd (BTOG) has gone down by -5.68% for the week, with a -31.48% drop in the past month and a -70.50% drop in the past quarter. The volatility ratio for the week is 14.09%, and the volatility levels for the past 30 days are 13.19% for BTOG. The simple moving average for the past 20 days is -29.37% for BTOG’s stock, with a -74.28% simple moving average for the past 200 days.
Is It Worth Investing in Bit Origin Ltd (NASDAQ: BTOG) Right Now?
The 36-month beta value for BTOG is at 1.30.
The public float for BTOG is 7.84M, and currently, shorts hold a 0.61% of that float. The average trading volume for BTOG on January 23, 2025 was 104.69K shares.
BTOG) stock’s latest price update
The stock price of Bit Origin Ltd (NASDAQ: BTOG) has dropped by -9.30 compared to previous close of 0.65. Despite this, the company has seen a fall of -5.68% in its stock price over the last five trading days. globenewswire.com reported 2024-12-31 that NEW YORK, Dec. 31, 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, announced today that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) in connection with the filing of its annual report on Form 20-F for the fiscal year ended June 30, 2024.
BTOG Trading at -49.05% 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 -93.92% of loss for the given period.
Volatility was left at 13.19%, however, over the last 30 days, the volatility rate increased by 14.09%, as shares sank -35.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.11% lower at present.
During the last 5 trading sessions, BTOG fell by -5.68%, which changed the moving average for the period of 200-days by -84.75% in comparison to the 20-day moving average, which settled at $0.8353. In addition, Bit Origin Ltd saw -39.80% 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:
- -2.34 for the present operating margin
- -0.33 for the gross margin
The net margin for Bit Origin Ltd stands at -2.44. The total capital return value is set at -1.61. Equity return is now at value -294.06, with -175.14 for asset returns.
Based on Bit Origin Ltd (BTOG), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89.
Currently, EBITDA for the company is -16.89 million with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 0.94for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.
Conclusion
In conclusion, Bit Origin Ltd (BTOG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
