Bit Origin Stock Today
| BTOG Stock | USD 1.36 0.14 9.33% |
Performance0 of 100
| Odds Of DistressOver 85
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Bit Origin is trading at 1.36 as of the 21st of November 2024. This is a 9.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.28. Bit Origin has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Bit Origin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Food, Beverage & Tobacco | IPO Date 14th of August 2019 | Category Financial Services | Classification Consumer Staples |
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. Bit Origin Ltd was incorporated in 2018 and is based in New York, New York. Bit Origin operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. The company has 8.07 M outstanding shares of which 91.5 K shares are currently shorted by private and institutional investors with about 2.46 trading days to cover. More on Bit Origin
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Bit Stock Highlights
| Business Concentration | Packaged Foods & Meats, Food, Beverage & Tobacco, Financial Services, NASDAQ Composite, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsBit Origin can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bit Origin's financial leverage. It provides some insight into what part of Bit Origin's total assets is financed by creditors.
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Bit Origin (BTOG) is traded on NASDAQ Exchange in USA. It is located in Samsung Hub, Singapore, Singapore, 049483 and employs 9 people. Bit Origin is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 12.1 M. Bit Origin conducts business under Food Products sector and is part of Consumer Staples industry. The entity has 8.07 M outstanding shares of which 91.5 K shares are currently shorted by private and institutional investors with about 2.46 trading days to cover.
Bit Origin currently holds about 17.8 K in cash with (6.76 M) of positive cash flow from operations.
Check Bit Origin Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Bit Origin is $12.1 Million. Bit Origin shows 9.93 percent of its outstanding shares held by insiders and 0.6 percent owned by other corporate entities. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
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Bit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Ubs Group Ag | 2024-06-30 | 34.2 K | |
| Citadel Advisors Llc | 2024-06-30 | 34.2 K | |
| Virtu Financial Llc | 2024-06-30 | 16 K | |
| Northwestern Mutual Wealth Management Co | 2024-06-30 | 0.0 |
Bit Origin Historical Income Statement
Bit Stock Against Markets
Bit Origin Corporate Management
| Xia Wang | Chief Officer | Profile | |
| Erick Minaya | Chief Director | Profile | |
| Lucas Wang | Chairman CEO | Profile | |
| Jiaming Li | President | Profile | |
| Jinghai Jiang | Chief Officer | Profile | |
| Du Lianfei | Ex VP | Profile |
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Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Origin. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Origin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.28) | Revenue Per Share 2.052 | Quarterly Revenue Growth 0.402 | Return On Assets (0.35) | Return On Equity (1.46) |
The market value of Bit Origin is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Origin's value that differs from its market value or its book value, called intrinsic value, which is Bit Origin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Origin's market value can be influenced by many factors that don't directly affect Bit Origin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Origin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Origin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Origin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.