There is no way Bit Origin Limited (BTOG) can keep these numbers up

Bit Origin Limited (NASDAQ: BTOG) stock jumped 16.11% on Friday to $0.39 against a previous-day closing price of $0.34. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $0.4100 whereas the lowest price it dropped to was $0.3451. The 52-week range on BTOG shows that it touched its highest point at $3.12 and its lowest point at $0.33 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTOG was up-trending over the past week, with a rise of 3.33%, but this was down by -4.06% over a month. Three-month performance dropped to -55.58% while six-month performance fell -66.59%. The stock lost -67.42% in the past year, while it has lost -71.23% so far this year.

Float and Shares Shorts:

At present, 44.78 million BTOG shares are outstanding with a float of 35.69 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.41 million, which was 0.47% higher than short shares on Jun 14, 2022. In addition to Ms. Xia Wang as the firm’s Chief Financial Officer, Mr. Lucas Wang serves as its Chairman & CEO.

Institutional Ownership:

Through their ownership of 0.18% of BTOG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.18% of BTOG, in contrast to 0.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BTOG with 0.09% of the stake, Renaissance Technologies LLC holds 83,500 shares worth 83,500. A second-largest stockholder of BTOG, UBS Securities LLC, holds 30,179 shares, controlling over 0.03% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in BTOG, holding 30,160 shares or 0.03% stake. With a 0.03% stake in BTOG, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 30,160 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTOG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BTOG analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

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