BTC Digital Ltd (NASDAQ:BTCT) does about 3.01M shares in volume on a normal day but saw 276309 shares change hands in the recent trading day. The company now has a market cap of 26.56M USD. Its current market price is $5.28, marking a decrease of -3.65% compared to the previous close of $5.48. The 52 week high reached by this stock is $26.58 whilst the lowest price level in 52 weeks is $1.32.
BTC Digital Ltd (BTCT) has a 20-day trading average at $6.22 and the current price is -80.14% off the 52-week high compared with 300.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.45 and its 200-day simple moving average is $4.00. If we look at the stock’s price movements over the week, volatility stands at 9.14%, which increases to 18.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.81 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential downside of -76.0% over the period.
The current price level is -15.04%, -18.13%, and 32.03% away from its SMA20, SMA50, and SMA200 respectively, with the BTCT price moving above the 50-day SMA on current market day. BTC Digital Ltd (BTCT) stock is down -9.43% over the week and 11.16% over the past month. Its price is 10.46% year-to-date and 39.68% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $17.94M.
To reach the target analysts have set, the stock logically needs to shrink -76.0 percent from here.
Outstanding shares total 5.03M with insiders holding 11.85% of the shares and institutional holders owning 13.31% of the company’s common stock. The company has a return on investment of -13.82%. The beta has a value of 2.68. Price to book ratio is 0.85 and price to sales ratio is 2.93.
