With 19.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 14.13 million shares. The 52-week range on BTBT shows that it touched its highest point at $5.74 and its lowest point at $1.69 during that stretch. It currently has a 1-year price target of $6.25. Beta for the stock currently stands at 5.43.
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 -1.42%, but this was up by 9.47% over a month. Three-month performance dropped to -32.69% while six-month performance fell -40.57%. The stock lost -4.15% in the past year, while it has lost -29.01% so far this year. A look at the trailing 12-month EPS for BTBT yields 0.24 with Next year EPS estimates of 0.17. For the next quarter, that number is -0.05. This implies an EPS growth rate of -179.82% for this year and 215.38% for next year.
Float and Shares Shorts:
At present, 203.75 million BTBT shares are outstanding with a float of 199.32 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 -$0.02 and the low estimate is -$0.02. The average estimate for the next quarter is thus -$0.02.
