Can BTC Digital Ltd (NASDAQ: BTCT) Shares Make A Higher Price Run?

In the last trading session, 16.79 million shares of the BTC Digital Ltd (NASDAQ:BTCT) were traded, and its beta was 2.58. Most recently the company’s share price was $7.79, and it changed around -$0.47 or -5.69% from the last close, which brings the market valuation of the company to $39.15M. BTCT currently trades at a discount to its 52-week high of $26.58, offering almost -241.21% off that amount. The share price’s 52-week low was $1.32, which indicates that the current value has risen by an impressive 83.06% since then. We note from BTC Digital Ltd’s average daily trading volume that its 10-day average is 6.35 million shares, with the 3-month average coming to 5.04 million.

BTC Digital Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BTCT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

BTC Digital Ltd (NASDAQ:BTCT) trade information

Instantly BTCT has showed a red trend with a performance of -5.69% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.90 on recent trading dayincreased the stock’s daily price by 21.31%. The company’s shares are currently up 62.97% year-to-date, but still up 94.75% over the last five days. On the other hand, BTC Digital Ltd (NASDAQ:BTCT) is 51.56% up in the 30-day period. We can see from the shorts that 12854.0 shares have been sold at a short interest cover period of 0.3 day(s).

BTC Digital Ltd (BTCT) estimates and forecasts

BTC Digital Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 293.43 percent over the past six months and at a -136.84% annual growth rate that is well below the industry average of 6.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 94.08%.

BTCT Dividends

BTC Digital Ltd’s next quarterly earnings report is expected to be released in February.