Overall market sentiment has been down on Bit Digital Inc (BTBT) stock lately. BTBT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With BTBT Stock Today?
Bit Digital Inc (BTBT) stock is trading at $18.83 as of 2:40 PM on Monday, Feb 22, a loss of -$2.23, or -10.59% from the previous closing price of $21.06. The stock has traded between $18.61 and $20.56 so far today. Volume today is below average. So far 1,978,340 shares have traded compared to average volume of 6,770,735 shares.
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More About Bit Digital Inc
Bit Digital Inc is engaged in the bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. The company operates 1,250 PH/s bitcoin hash power.
Click Here to get the full Stock Score Report on Bit Digital Inc (BTBT) Stock.
