Primed to Move Down -8.32% in Recent Trading Session: Bit Digital Inc. (NASDAQ:BTBT) ‎


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Wall Street analysts tracking the Bit Digital Inc. (NASDAQ: BTBT) stock on daily basis. Out of 0 analysts, 0 ‎deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 0 recommended that BTBT is a ‎HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL.‎

‎ The company’s revenue for the quarter stood at $692.7 million.‎

The stock market has more often than not ended up being extremely baffling, catching even some of ‎the more experienced traders by surprise. It happens that even when results are as projected, the ‎market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to ‎doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price ‎performance. Useful also would be knowledge of the stock’s trends, both the short term and long-‎term. Bit Digital Inc. (NASDAQ: BTBT) share prices have increased by 17.82% over the past week, but ‎are up 51.79% over prices posted in the last quarter. Going further back, the stock’s price has tanked ‎‎372.22% over the last 6 months but is up 1388.99% in year-to-date trading.‎

A recent spot check on the stock’s support and resistance revealed that the publicly-traded Bit Digital ‎Inc. (NASDAQ: BTBT) shares are trading at a price close to -34.25% lower than its 90-day high. On the ‎other hand, the stock is +75.00% away from its low in the 90-day period. More broadly, BTBT’s current ‎price is -34.25% away from 52-week high. The price is 2025.00% above from its 52-week low.‎

For regular shareholders interested in finding out how worthwhile it would be to invest in the ‎company, then note that Bit Digital Inc. has an ROE of -85.90%. An analysis will help understand that ‎the lower the ROE figure; the worse a company is when it comes to generating profits. The term ‎Return on Assets (ROA) is a ratio that points to a businesses’ profitability relative to overall assets. The ‎company under our focus has a current ROA of -73.90%. If a business manages its assets well, then the ‎ROA will be higher. However, the opposite will be true (lower returns) if that business is shown to be ‎poor managers of their assets. A look at another ratio shows that Bit Digital Inc. has a Return on ‎Investment (ROI) of -272.60%. When profits exceed costs, then the ROI percentage will be positive, ‎and analysts will rate such business as having a net gain. However, if the percentage index is negative, ‎then the company’s costs basically outweigh profits.‎

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 16.39%, and ‎‎15.80% for the month. This stock’s Average True Range (ATR) currently stands at 0.98. The indicator of ‎Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the ‎market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures ‎lower than 1, therefore, means that the stock’s volatility at that particular moment is low.‎

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Shares of the Bit Digital Inc. (NASDAQ: BTBT) dropped by ‎‎-$0.54 during Wednesday’s regular trading session to climb to $5.95. The company had a daily trading ‎volume of 2.15 million shares, higher than its average intra-day trading volumes of about 824.08K ‎shares.


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Melanie Gerald
I am a previous Investment and Commercial Banker with more than 30 years involvement in the field. I have been prompting the two people and institutional customers on high return speculation techniques since 1991. MY goal is to bring financial specialists the most beneficial and freshest high profit thoughts. My exploration intends to expand returns by recognizing underestimated protections in the High Yield space.

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