Bit Digital Stock Price on May 27, 2021
| BTBT Stock | USD 1.93 0.12 6.63% |
Below is the normalized historical share price chart for Bit Digital extending back to March 20, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bit Digital stands at 1.93, as last reported on the 19th of April, with the highest price reaching 1.99 and the lowest price hitting 1.79 during the day.
If you're considering investing in Bit Stock, it is important to understand the factors that can impact its price. Bit Digital secures Sharpe Ratio (or Efficiency) of -0.0407, which signifies that the company had a -0.0407% return per unit of risk over the last 3 months. Bit Digital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bit Digital's Standard Deviation of 6.56, risk adjusted performance of (0.02), and Mean Deviation of 5.04 to double-check the risk estimate we provide.
At this time, Bit Digital's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 580.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 36.3 M in 2024. . At this time, Bit Digital's Price To Sales Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 316.74 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.26 in 2024. Bit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of March 2018 | 200 Day MA 2.7981 | 50 Day MA 2.5212 | Beta 4.821 |
Bit |
Sharpe Ratio = -0.0407
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTBT |
Estimated Market Risk
| 6.62 actual daily | 58 58% of assets are less volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bit Digital is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bit Digital by adding Bit Digital to a well-diversified portfolio.
Price Book 1.6939 | Enterprise Value Ebitda (19.11) | Price Sales 5.4175 | Shares Float 107 M | Wall Street Target Price 5.08 |
Bit Digital Valuation on May 27, 2021
It is possible to determine the worth of Bit Digital on a given historical date. On May 27, 2021 Bit was worth 3.61 at the beginning of the trading date compared to the closed value of 3.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bit Digital stock. Still, in general, we apply an absolute valuation method to find Bit Digital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bit Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bit Digital's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 3.61 | 3.72 | 3.54 | 3.71 | 2,112,500 |
| 3.73 | 3.74 | 3.37 | 3.40 | 2,841,700 |
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Bit Digital Trading Date Momentum on May 27, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Bit Digital Fundamentals Correlations and Trends
By evaluating Bit Digital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bit Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bit Digital Stock history
Bit Digital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bit Digital will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bit Digital stock prices may prove useful in developing a viable investing in Bit Digital
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 87.5 M | 91.9 M | |
| Net Income Applicable To Common Shares | 5.6 M | 5.9 M |
Bit Digital Quarterly Net Working Capital |
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Bit Digital Stock Technical Analysis
Bit Digital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bit Digital Period Price Range
Low | April 4, 2022
| High |
3.61 | 3.71 |
Bit Digital April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Bit Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Digital shares will generate the highest return on investment. By undertsting and applying Bit Digital stock market strength indicators, traders can identify Bit Digital entry and exit signals to maximize returns
| Accumulation Distribution | 102218.0 | |||
| Daily Balance Of Power | 0.5556 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 3.63 | |||
| Day Typical Price | 3.66 | |||
| Price Action Indicator | 0.13 | |||
| Period Momentum Indicator | (1.78) |
Bit Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bit Digital's price direction in advance. Along with the technical and fundamental analysis of Bit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.08) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.Note that the Bit Digital information on this page should be used as a complementary analysis to other Bit Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Bit Stock analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Bit Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Digital. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.16) | Revenue Per Share 0.513 | Quarterly Revenue Growth 1.064 | Return On Assets (0.12) | Return On Equity (0.11) |
The market value of Bit Digital is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Digital's market value can be influenced by many factors that don't directly affect Bit Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.