Bit Brother Limited (BTB): What the Financials Tell Us

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Bit Brother Limited (NASDAQ:BTB) saw an upside of 3.08% to close Monday at $2.34 after adding $0.07 on the day. The 5-day average trading volume is 7,452,700 shares of the company’s common stock. It has gained $10.21 in the past week and touched a new high 1 time within the past 5 days. An average of 1,954,910 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 905,514.

BTB’s 1-month performance is -78.39% or -$7.19 on its low of $1.77 reached on 01/18/23. The company’s shares have touched a 52-week low of $1.62 and high of $12.00, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, BTB has lost -77.99% or -$8.29 and has reached a new high 4 times. However, the current price is down -80.50% from the 52-week high price.

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Valuation Metrics

BTB stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 20.88 while the price-to-book (PB) in the most recent quarter is 1.70.

Bit Brother Limited’s quick ratio for the recent period was 41.60, with the current ratio over the same period at 41.70. In terms of profitability, the gross margin trailing 12 months is 41.10%.

Earnings Surprise

Net income grew 66.58% to -$24.33 million, while revenue of $0.0 was 100.0% off the previous quarter.

Let’s look briefly at Bit Brother Limited (BTB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 20.51% to suggest the stock is trending oversold, with historical volatility in this time period at 592.38%.

The stock’s 5-day moving average is $3.07, reflecting a -75.05% or -$7.04 change from its current price. BTB is currently trading -77.82% above its 20-day SMA, -17.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.55% and SMA200 by-54.39%.

Stochastic %K and %D was 4.43% and 5.81% and the average true range (ATR) pointed at 1.66. The RSI (14) points at 28.83%, while the 14-day stochastic is at 5.57% with the period’s ATR at 1.58. The stock’s 9-day MACD Oscillator is pointing at -4.26 and -5.79 on the 14-day charts.

Analyst Ratings

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