With 28.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 17.48 million shares. 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 $6.92. Beta for the stock currently stands at 6.14.
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 -0.41%, but this was down by -23.81% over a month. Three-month performance dropped to -45.82% while six-month performance fell -25.70%. The stock lost -7.69% in the past year, while it has lost -18.09% so far this year. A look at the trailing 12-month EPS for BTBT yields 0.06 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.05. This implies an EPS growth rate of -141.67% for this year and 176.67% for next year. EPS is expected to grow by 34.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.79%.
Float and Shares Shorts:
At present, 153.51 million BTBT shares are outstanding with a float of 150.17 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.0625 being high and -$0.1125 being low. For BTBT, this leads to a yearly average estimate of -$0.05. 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.
