Bit Digital Inc [NASDAQ: BTBT] stock went on a downward path that fall over -5.64% on Monday, amounting to a one-week price decrease of less than -9.40%.
Over the last 12 months, BTBT stock rose by 52.88%. The one-year Bit Digital Inc stock forecast points to a potential upside of 43.01. The average equity rating for BTBT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $469.97 million, with 147.79 million shares outstanding and 146.99 million shares in the current float. Compared to the average trading volume of 10.83M shares, BTBT stock reached a trading volume of 8457755 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTBT shares is $5.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTBT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Bit Digital Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 13, 2024. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on September 23, 2021, representing the official price target for Bit Digital Inc stock.
The Average True Range (ATR) for Bit Digital Inc is set at 0.28, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 5.41. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 1.36.
BTBT Stock Performance Analysis:
Bit Digital Inc [BTBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.40. With this latest performance, BTBT shares gained by 28.74% in over the last four-week period, additionally plugging by 34.75% over the last 6 months – not to mention a rise of 52.88% 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 48.38, with the RSI for the last a single of trading hit 45.38, and the three-weeks RSI is set at 49.32 for Bit Digital Inc [BTBT]. The present Moving Average for the last 50 days of trading for this stock 3.17, while it was recorded at 3.29 for the last single week of trading, and 2.90 for the last 200 days.
Insight into Bit Digital Inc Fundamentals:
Bit Digital Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.05 and a Current Ratio set at 21.05.
BTBT Stock EPS
With the latest financial reports released by the company, Bit Digital Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BTBT.
Bit Digital Inc [BTBT] Institutonal Ownership Details
The top three institutional holders of BTBT stocks are: BLACKROCK INC. with ownership of 11.07 million shares, which is approximately 9.6597%. INVESCO LTD., holding 9.51 million shares of the stock with an approximate value of $$30.25 million in BTBT stocks shares; and INVESCO LTD., currently with $$17.5 million in BTBT stock with ownership which is approximately 4.8019%.
