Bit Origin Ltd (NASDAQ: BTOG) Now $0.12 Higher From Its Low (0.03), Does It Still Have A Growth Story?

Bit Origin Ltd (NASDAQ:BTOG) currently has a daily average trading volume of 31.46M but it saw 57629822 shares traded in last market. With a market cap of 1.29M USD, the company’s current market price of $0.15 came rising about 1.96 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.73 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.1335 while lowest mark touched by it was $0.1824.

Taking a look at 20-day trading activity of Bit Origin Ltd (BTOG) gives us an average price of $0.2226, while its current price level is -97.36% below from 52-week high level whereas it is 27.00% 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 $0.3474 while that of 200 days or SMA-200 reads an average of $1.3985. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.71% during that period while stretching the period over a month that decreases to 17.61%. 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 36.85 which implies that the stock is in neutral territory.

Over the week, BTOG’s stock price is moving -14.20% down while it is -69.06% when we observe its performance for the past one month. Year-to-date it is -84.59% down and over the past year, the stock is showing a downside performance of -95.67%.

Currently, Bit Origin Ltd’s total number of outstanding shares is 8.48M with 9.07% of that held by the insiders while 1.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -470.32% and return on equity (ROE) at -339.55%. Stock’s beta reads 1.38. Its return on asset (ROA) is -151.77% on average.