Bit Digital Inc. [NASDAQ: BTBT] stock went on an upward path that rose over 16.89% on Monday, amounting to a one-week price increase of more than 23.53%. The company report on April 1, 2021 that Bit Digital, Inc. Announces 2020 Financial Highlights.
Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”) on March 30, 2021. The annual report, which contains its audited financial statements, can be accessed on the SEC’s website at http://www.sec.gov as well as on the Company’s investor relations website at http://www.bit-digital.com.
Full Year 2020 Highlights.
Over the last 12 months, BTBT stock rose by 3124.25%.
The market cap for the stock reached $843.53 million, with 42.30 million shares outstanding and 36.57 million shares in the current float. Compared to the average trading volume of 5.35M shares, BTBT stock reached a trading volume of 2326845 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bit Digital Inc. [BTBT]:
The Average True Range (ATR) for Bit Digital Inc. is set at 2.03, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 40.04. The Price to Book ratio for the last quarter was 35.64, with the Price to Cash per share for the same quarter was set at 0.06.
BTBT Stock Performance Analysis:
Bit Digital Inc. [BTBT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.53. With this latest performance, BTBT shares gained by 24.54% in over the last four-week period, additionally plugging by 316.67% over the last 6 months – not to mention a rise of 3124.25% 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 52.61, with the RSI for the last a single of trading hit 57.23, and the three-weeks RSI is set at 51.20 for Bit Digital Inc. [BTBT]. The present Moving Average for the last 50 days of trading for this stock 17.72, while it was recorded at 14.73 for the last single week of trading, and 8.79 for the last 200 days.
Insight into Bit Digital Inc. 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.
Bit Digital Inc. [BTBT] Insider Position Details
There are presently around $11 million, or 1.30% 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 23.20% of the total institutional ownership; JANE STREET GROUP, LLC, holding 151,232 shares of the stock with an approximate value of $2.53 million in BTBT stocks shares; and VIRTU FINANCIAL LLC, currently with $1.15 million in BTBT stock with ownership of nearly New of the company’s market capitalization.
15 institutional holders increased their position in Bit Digital Inc. [NASDAQ:BTBT] by around 568,830 shares. Additionally, 2 investors decreased positions by around 55,577 shares, while 1 investors held positions by with 10,496 shares. The mentioned changes placed institutional holdings at 634,903 shares, according to the latest SEC report filing. BTBT stock had 13 new institutional investments in for a total of 554,366 shares, while 1 institutional investors sold positions of 54,693 shares during the same period.