Why Do Investors Buy Stock In Bit Origin Ltd (BTOG)?

Bit Origin Ltd (NASDAQ:BTOG) has a beta value of 1.17 and has seen 5.35 million shares traded in the last trading session. The company, currently valued at $1.80M, closed the last trade at $0.21 per share which meant it lost -$0.01 on the day or -4.27% during that session. The BTOG stock price is -2628.57% off its 52-week high price of $5.73 and 23.81% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.36 million shares traded. The 3-month trading volume is 25.48 million shares.

Bit Origin Ltd (NASDAQ:BTOG) trade information

Sporting -4.27% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BTOG stock price touched $0.21 or saw a rise of 28.33%. Year-to-date, Bit Origin Ltd shares have moved -78.52%, while the 5-day performance has seen it change -19.26%. Over the past 30 days, the shares of Bit Origin Ltd (NASDAQ:BTOG) have changed 9.92%. Short interest in the company has seen 0.57 million shares shorted with days to cover at 0.01.

Bit Origin Ltd (BTOG) estimates and forecasts

The company’s shares have lost -91.68% over the past 6 months.

BTOG Dividends

Bit Origin Ltd is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Bit Origin Ltd (NASDAQ:BTOG)’s Major holders

Insiders own 16.46% of the company shares, while shares held by institutions stand at 1.88% with a share float percentage of 2.25%. Investors are also buoyed by the number of investors in a company, with Bit Origin Ltd having a total of 5.0 institutions that hold shares in the company.