Bit Digital Inc. [BTBT] fell -0.96% so far this year. What now?

Bit Digital Inc. [NASDAQ: BTBT] traded at a low on 02/18/21, posting a -18.60 loss after which it closed the day’ session at $21.70. The company report on February 19, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Bit Digital, Inc. of Class Action Lawsuit and Upcoming Deadline – BTBT.

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Pomerantz LLP announces that a class action lawsuit has been filed against Bit Digital, Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 21-cv-00721, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Bit Digital securities between December 21, 2020 and January 8, 2021, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Bit Digital securities during the Class Period, you have until March 22, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The results of the trading session contributed to over 3011808 shares changing hands. Over the past one week, the price volatility of Bit Digital Inc. stands at 17.33% while the volatility over the past one month is 17.27%.

The market cap for BTBT stock reached $1.05 billion, with 42.30 million shares outstanding and 36.84 million shares in the current float. Compared to the average trading volume of 8.46M shares, BTBT reached a trading volume of 3011808 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Bit Digital Inc. [BTBT]?

The Average True Range (ATR) for Bit Digital Inc. is set at 3.98, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 79.62. The Price to Book ratio for the last quarter was 46.17, with the Price to Cash per share for the same quarter was set at 0.06.

How has BTBT stock performed recently?

Bit Digital Inc. [BTBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.59. With this latest performance, BTBT shares gained by 31.83% in over the last four-week period, additionally plugging by 480.21% over the last 6 months – not to mention a rise of 4197.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTBT stock in for the last two-week period is set at 52.45, with the RSI for the last a single of trading hit 49.04, and the three-weeks RSI is set at 54.45 for Bit Digital Inc. [BTBT]. The present Moving Average for the last 50 days of trading for this stock 16.21, while it was recorded at 25.07 for the last single week of trading, and 6.54 for the last 200 days.

Bit Digital Inc. [BTBT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bit Digital Inc. [BTBT] shares currently have an operating margin of -208.88. Bit Digital Inc.’s Net Margin is presently recorded at -207.13.

Return on Total Capital for BTBT is now -117.50, given the latest momentum, and Return on Invested Capital for the company is -121.91. Return on Equity for this stock declined to -121.91, with Return on Assets sitting at -110.83.

Reflecting on the efficiency of the workforce at the company, Bit Digital Inc. [BTBT] managed to generate an average of -$150,321 per employee. Receivables Turnover for the company is 13.61 with a Total Asset Turnover recorded at a value of 0.54.Bit Digital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 3.90.

Insider trade positions for Bit Digital Inc. [BTBT]

There are presently around $12 million, or 0.80% of BTBT stock, in the hands of institutional investors. The top three institutional holders of BTBT stocks are: TB ALTERNATIVE ASSETS LTD. with ownership of 240,000, which is approximately New of the company’s market cap and around 23.33% of the total institutional ownership; JANE STREET GROUP, LLC, holding 151,232 shares of the stock with an approximate value of $3.28 million in BTBT stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $0.95 million in BTBT stock with ownership of nearly New of the company’s market capitalization.

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14 institutional holders increased their position in Bit Digital Inc. [NASDAQ:BTBT] by around 500,231 shares. Additionally, 3 investors decreased positions by around 81,708 shares, while 1 investors held positions by with 15,635 shares. The mentioned changes placed institutional holdings at 566,304 shares, according to the latest SEC report filing. BTBT stock had 12 new institutional investments in for a total of 485,767 shares, while 2 institutional investors sold positions of 80,824 shares during the same period.

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