BTC Digital Ltd (NASDAQ: BTCT) Stock Gained 1127.39% Over A Month – Any Room To Run?

BTC Digital Ltd (NASDAQ:BTCT)’s traded shares stood at 6.4 million during the last session, with the company’s beta value hitting 2.06. At the close of trading, the stock’s price was $19.27, to imply a decrease of -2.43% or -$0.48 in intraday trading. The BTCT share’s 52-week high remains $26.58, putting it -37.93% down since that peak but still an impressive 93.15% since price per share fell to its 52-week low of $1.32. The company has a valuation of $50.31M, with an average of 19.68 million shares in intraday trading volume over the past 10 days and average of 3.06 million shares over the past 3 months.

BTC Digital Ltd (NASDAQ:BTCT) trade information

After registering a -2.43% downside in the last session, BTC Digital Ltd (BTCT) has traded red over the past five days. The 5-day price performance for the stock is 953.01%, and 1127.39% over 30 days. With these gigs, the year-to-date price performance is 299.79%. Short interest in BTC Digital Ltd (NASDAQ:BTCT) saw shorts transact 12854.0 shares and set a 0.3 days time to cover.

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BTC Digital Ltd (BTCT) estimates and forecasts

Looking at statistics comparing BTC Digital Ltd share performance against respective industry, we note that the company has underperformed competitors. BTC Digital Ltd (BTCT) shares are 820.60% up over the last 6 months, with its year-to-date growth rate lower than industry average at -136.84% against 9.20%. The rating firms project that company’s revenue will grow 5.27% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 17.94M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 70.88M.

BTCT Dividends

BTC Digital Ltd has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.