BTC Digital Ltd (NASDAQ:BTCT) Decline -0.88%, More Rally Possible

In last trading session, BTC Digital Ltd (NASDAQ:BTCT) saw 0.41 million shares changing hands with its beta currently measuring 2.07. Company’s recent per share price level of $15.71 trading at -$0.14 or -0.88% at ring of the bell on the day assigns it a market valuation of $65.12M. That closing price of BTCT’s stock is at a discount of -69.19% from its 52-week high price of $26.58 and is indicating a premium of 91.6% from its 52-week low price of $1.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.11 million shares which gives us an average trading volume of 3.52 million if we extend that period to 3-months.

BTC Digital Ltd (NASDAQ:BTCT) trade information

Upright in the red during last session for losing -0.88%, in the last five days BTCT remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $15.71 price level, adding 9.71% to its value on the day. BTC Digital Ltd’s shares saw a change of 225.93% in year-to-date performance and have moved -11.99% in past 5-day. BTC Digital Ltd (NASDAQ:BTCT) showed a performance of 808.09% in past 30-days. Number of shares sold short was 12854.0 shares which calculate 0.3 days to cover the short interests.

BTC Digital Ltd (BTCT) estimates and forecasts

Statistics highlight that BTC Digital Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company added 589.00% of value to its shares in past 6 months, showing an annual growth rate of -136.84% while that of industry is 8.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.92% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 17.94M for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 94.08% during past 5 years.