With 1.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.77 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $5.52 whereas the lowest price it dropped to was $4.6949. The 52-week range on BTCT shows that it touched its highest point at $26.58 and its lowest point at $1.32 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 2.42.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTCT was down-trending over the past week, with a drop of -45.55%, but this was down by -73.33% over a month. Three-month performance surged to 286.47% while six-month performance rose 130.49%. The stock gained 41.99% in the past year, while it has gained 6.64% so far this year.
Float and Shares Shorts:
At present, 5.03 million BTCT shares are outstanding with a float of 4.25 million shares on hand for trading. On 2024-10-31, short shares totaled 12854.0, which was 49.0 higher than short shares on 1727654400. In addition to Mr. Siguang Peng as the firm’s Founder, CEO & Director, Mr. Yupeng Guo serves as its Founder, Acting CFO & VP.
Institutional Ownership:
Through their ownership of 0.01163 of BTCT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BTCT reported revenue of $2559000.0 and operating income of -$542000.0. Over the past year, revenue came in at $555.50M while operating income stood at -$222.39M. It generated -$571000.0 net income for the quarter, which came to -$226.71M over the last twelve months. The EBITDA in the recently reported quarter was $350000.0 and diluted EPS was -$0.21. EBITDA for the full year was -$126.57M.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With BTCT analysts setting a high price target of 2.9548733 and a low target of 2.9548733, the average target price over the next 12 months is 2.9548733. Based on these targets, BTCT could drop -42.51% to reach the target high and fall by -42.51% to reach the target low. Reaching the average price target will result in a decline of -42.51% from current levels.
Analysts have provided yearly estimates in a range of -$3.35676 being high and -$3.35676 being low. For BTCT, this leads to a yearly average estimate of -$3.35676. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
