Bit Brother Limited (BTB): A Technical View

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At the last check on Friday, Bit Brother Limited’s (NASDAQ:BTB) stock was up $0.01, moving up 0.26 percent to $0.20. The average number of shares traded per day over the past five days has been 1,572,034 shares. 5 times new highs have been achieved over the past 5 days, with a $0.0351 gain in that time frame. In the last twenty days, the average volume was 1,120,859, while in the previous 50 days, it was 5,104,587.

Since last month, BTB stock rose 22.49%. Shares of the company fell to $0.1201 on 11/04/22, the lowest level in the past month. A 52-week high of $1.03 was reached on 01/03/22 after having rallying from a 52-week low of $0.11. Since the beginning of this year, BTB’s stock price has dropped by -65.97% or -$0.3759, and marked a new high 1 time. However, the stock has declined by -81.02% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 7.85, the price-to-book (PB) ratio of 0.21.

Financial Health

In the recent quarter, Bit Brother Limited’s quick ratio stood at 41.60, while its current ratio was 41.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 22.60% percent.

Technical Picture

This quick technical analysis looks at Bit Brother Limited’s (BTB) price momentum. With a historical volatility rate of 108.94%, the RSI 9-day stood at 72.07% on 23 November.

With respect to its five-day moving average, the current Bit Brother Limited price is up by +21.67% percent or $0.0351. At present, BTB shares trade +25.30% above its 20-day simple moving average and -35.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately +18.81% above its SMA50 and -54.86% below its SMA200.

Stochastic coefficient K was 89.90% and Stochastic coefficient D was 91.27%, while ATR was 0.0177. Given the Stochastic reading of 88.35% for the 14-day period, the RSI (14) reading has been calculated as 64.27%. As of today, the MACD Oscillator reading stands at 0.0218, while the 14-day reading stands at 0.0311.

Analyst Ratings

Bit Brother Limited (BTB) has been rated – by analysts. According to 0 brokerage firms, BTB 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 Brother Limited stock as buy, with 0 recommending it as overweight.

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