With 7.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.59 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $3.42 whereas the lowest price it dropped to was $3.22. The 52-week range on BTBT shows that it touched its highest point at $5.74 and its lowest point at $1.76 during that stretch. It currently has a 1-year price target of $7.10.
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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 BTBT was down-trending over the past week, with a drop of -10.24%, but this was down by -21.65% over a month. Three-month performance dropped to -9.76% while six-month performance fell -0.60%. The stock lost -20.71% in the past year, while it has lost -21.28% so far this year. A look at the trailing 12-month EPS for BTBT yields 0.06 with Next year EPS estimates of 0.09. For the next quarter, that number is -0.04. This implies an EPS growth rate of -135.00% for this year and 319.05% for next year.
Float and Shares Shorts:
At present, 153.51 million BTBT shares are outstanding with a float of 152.77 million shares on hand for trading. On 2024-10-31, short shares totaled 25.69 million, which was 1737.9998999999998 higher than short shares on 1727654400. In addition to Mr. Samir Tabar as the firm’s Chief Executive Officer, Mr. Erke Huang serves as its CFO & Director.
Institutional Ownership:
Through their ownership of 0.38355 of BTBT’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, BTBT reported revenue of $22708527.0 and operating income of -$14825583.0. The EBITDA in the recently reported quarter was $15473716.0 and diluted EPS was -$0.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTBT since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BTBT analysts setting a high price target of 7.0 and a low target of 5.5, the average target price over the next 12 months is 6.125. Based on these targets, BTBT could surge 110.21% to reach the target high and rise by 65.17% to reach the target low. Reaching the average price target will result in a growth of 83.93% from current levels.
Analysts have provided yearly estimates in a range of $0.0525 being high and -$0.0945 being low. For BTBT, this leads to a yearly average estimate of -$0.042. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.
