Bit Origin Ltd [NASDAQ: BTOG] loss -8.69% or -0.03 points to close at $0.36 with a heavy trading volume of 8045908 shares.
It opened the trading session at $0.39, the shares rose to $0.392 and dropped to $0.33, the range by which the price of stock traded the whole day. The daily chart for BTOG points out that the company has recorded 11.93% gains over the past six months.
If we look at the average trading volume of 37.87M shares, BTOG reached to a volume of 8045908 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for BTOG stock
Bit Origin Ltd [BTOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.70. With this latest performance, BTOG shares gained by 5.58% in over the last four-week period, additionally plugging by 11.93% over the last 6 months – not to mention a drop of -63.53% 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 BTOG stock in for the last two-week period is set at 42.76, with the RSI for the last a single of trading hit 0.0622, and the three-weeks RSI is set at 0.0717 for Bit Origin Ltd [BTOG]. The present Moving Average for the last 50 days of trading for this stock 0.3900, while it was recorded at 0.4107 for the last single week of trading, and 0.4956 for the last 200 days.
Bit Origin Ltd (BTOG) Capital Structure & Debt Analysis
According to recent financial data for Bit Origin Ltd. ( BTOG), the Return on Equity (ROE) stands at -339.55%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -151.77%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Bit Origin Ltd’s Return on Invested Capital (ROIC) is -470.32%, showcasing its effectiveness in deploying capital for earnings.
Bit Origin Ltd (BTOG) Efficiency & Liquidity Metrics
Bit Origin Ltd (BTOG) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Bit Origin Ltd. (BTOG) effectively leverages its workforce, generating an average of -$2656000.0 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.04% and a Quick Ratio of 2.04%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Bit Origin Ltd [BTOG]
There are presently around $0.21%, or 0.21%% of BTOG stock, in the hands of institutional investors.
