Spotting A Winner: BTC Digital Ltd (NASDAQ: BTCT) Retreats -1.38 And It Still Have Room To Run

BTC Digital Ltd (NASDAQ:BTCT) currently has a daily average trading volume of 3.42M but it saw 2793605 shares traded in last market. With a market cap of 58.86M USD, the company’s current market price of $17.85 came falling about -1.38 while comparing to the previous closing price of $18.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.58 and as low as $1.32. In the recent trading on the day, stock has struck highest price mark of $16.5 while lowest mark touched by it was $19.83.

Taking a look at 20-day trading activity of BTC Digital Ltd (BTCT) gives us an average price of $7.73, while its current price level is -32.84% below from 52-week high level whereas it is 1252.27% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.02 while that of 200 days or SMA-200 reads an average of $2.85. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.62% during that period while stretching the period over a month that increases to 38.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.84 which implies that the stock is in overbought territory.

Over the week, BTCT’s stock price is moving -9.62% down while it is 1007.80% when we observe its performance for the past one month. Year-to-date it is 270.33% up and over the past year, the stock is showing an upside performance of 395.83%.

Currently, BTC Digital Ltd’s total number of outstanding shares is 3.30M with 24.38% of that held by the insiders while 1.16% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -13.82%. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 2.88 while price to sale or P/S ratio amounts to 6.49.