Bit Digital Inc [NASDAQ: BTBT] traded at a high on Friday, posting a 18.27 gain after which it closed the day’ session at $3.69.
The results of the trading session contributed to over 19017580 shares changing hands. Over the past one week, the price volatility of Bit Digital Inc stands at 10.81% while the volatility over the past one month is 10.69%.
The market cap for BTBT stock reached $669.94 million, with 153.51 million shares outstanding and 152.77 million shares in the current float. Compared to the average trading volume of 17.09M shares, BTBT reached a trading volume of 19017580 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTBT shares is $7.10 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.
B. Riley Securities have made an estimate for Bit Digital Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 24, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 13, 2024, representing the official price target for Bit Digital Inc stock. Previously, the target price had yet another raise to $14, while H.C. Wainwright analysts kept a Buy rating on BTBT stock.
The Average True Range (ATR) for Bit Digital Inc is set at 0.40, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 6.84. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 1.23.
How has BTBT stock performed recently?
Bit Digital Inc [BTBT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.81. With this latest performance, BTBT shares dropped by -15.17% in over the last four-week period, additionally plugging by 3.36% over the last 6 months – not to mention a drop of -1.07% 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 49.36, with the RSI for the last a single of trading hit 53.39, and the three-weeks RSI is set at 48.70 for Bit Digital Inc [BTBT]. The present Moving Average for the last 50 days of trading for this stock 4.06, while it was recorded at 3.18 for the last single week of trading, and 3.21 for the last 200 days.
Bit Digital Inc [BTBT]: Deeper insight into the fundamentals
Bit Digital Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.25 and a Current Ratio set at 5.25.
Insider trade positions for Bit Digital Inc [BTBT]
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%.
