BTC Digital Ltd [NASDAQ: BTCT] loss -11.89% or -0.56 points to close at $4.15 with a heavy trading volume of 268961 shares.
The daily chart for BTCT points out that the company has recorded 97.62% gains over the past six months.
If we look at the average trading volume of 3.96M shares, BTCT reached to a volume of 268961 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BTC Digital Ltd [BTCT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTCT shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTCT 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.
The Average True Range (ATR) for BTC Digital Ltd is set at 1.30, with the Price to Sales ratio for BTCT stock in the period of the last 12 months amounting to 2.30. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.15. Price to Free Cash Flow for BTCT in the course of the last twelve months was 15.92 with Quick ratio for the last quarter at 2.14.
Trading performance analysis for BTCT stock
BTC Digital Ltd [BTCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.18. With this latest performance, BTCT shares dropped by -60.48% in over the last four-week period, additionally plugging by 97.62% over the last 6 months – not to mention a drop of -11.32% 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 BTCT stock in for the last two-week period is set at 35.61, with the RSI for the last a single of trading hit 30.67, and the three-weeks RSI is set at 39.97 for BTC Digital Ltd [BTCT]. The present Moving Average for the last 50 days of trading for this stock 8.46, while it was recorded at 4.97 for the last single week of trading, and 3.65 for the last 200 days.
BTC Digital Ltd [BTCT]: A deeper dive into fundamental analysis
BTC Digital Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.14 and a Current Ratio set at 2.14.
