Is Bit Origin Limited (BTOG) Stock Cheap Or Risky?

At the last check on Friday, Bit Origin Limited’s (NASDAQ:BTOG) stock was up $0.03, moving up 6.04 percent to $0.42. The average number of shares traded per day over the past five days has been 510,129 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0248 gain in that time frame. In the last twenty days, the average volume was 316,337, while in the previous 50 days, it was 750,201.

Since last month, BTOG stock retreated -4.06%. Shares of the company fell to $0.3313 on 08/03/22, the lowest level in the past month. A 52-week high of $3.12 was reached on 01/06/22 after having rallying from a 52-week low of $0.33. Since the beginning of this year, BTOG’s stock price has dropped by -71.23% or -$0.9580, and marked a new high 4 times. However, the stock has declined by -86.60% since its 52-week high.


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Financial Health

In the recent quarter, Bit Origin Limited’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.70% percent. Based on annual data, BTOG earned $3.0 million in gross profit and brought in $80.5 million in revenue.

Technical Picture

This quick technical analysis looks at Bit Origin Limited’s (BTOG) price momentum. With a historical volatility rate of 107.97%, the RSI 9-day stood at 54.65% on 04 August.

With respect to its five-day moving average, the current Bit Origin Limited price is up by +6.40% percent or $0.0248. At present, BTOG shares trade -1.90% below its 20-day simple moving average and -58.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.14% below its SMA50 and -61.85% below its SMA200.

Stochastic coefficient K was 32.66% and Stochastic coefficient D was 16.31%, while ATR was 0.0454. Given the Stochastic reading of 58.18% for the 14-day period, the RSI (14) reading has been calculated as 48.09%.

Analyst Ratings

Bit Origin Limited (BTOG) has been rated – by analysts. According to 0 brokerage firms, BTOG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Bit Origin Limited stock as buy, with 0 recommending it as overweight.

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