Is BTC Digital Ltd (NASDAQ: BTCT) Stock Poised for More Growth?

IPW

In the latest trading session, 0.37 million BTC Digital Ltd (NASDAQ:BTCT) shares changed hands as the company’s beta touched 2.49. With the company’s most recent per share price at $5.74 changing hands around $1.22 or 27.10% at last look, the market valuation stands at $28.86M. BTCT’s current price is a discount, trading about -363.07% off its 52-week high of $26.58. The share price had its 52-week low at $1.32, which suggests the last value was 77.0% up since then. When we look at BTC Digital Ltd’s average trading volume, we note the 10-day average is 0.81 million shares, with the 3-month average coming to 3.83 million.

BTC Digital Ltd (NASDAQ:BTCT) trade information

Instantly BTCT is in green as seen in intraday trades today. With action 11.77%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.19%, with the 5-day performance at 11.77% in the green. However, in the 30-day time frame, BTC Digital Ltd (NASDAQ:BTCT) is -65.60% down. Looking at the short shares, we see there were 12854.0 shares sold at short interest cover period of 0.3 days.

BTC Digital Ltd (BTCT) estimates and forecasts

Data shows that the BTC Digital Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 172.92% over the past 6 months, a -136.84% in annual growth rate that is considerably lower than the industry average of 7.80%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 94.08%.