(BTOG) Bit Origin - Ratings and Ratios

Bit Origin Ltd (NASDAQ:BTOG) operates in the cryptocurrency mining sector, focusing on blockchain technology deployment in the United States. The company, rebranded from China Xiangtai Food Co., Ltd. in April 2022, represents a strategic pivot from its previous focus on food production and distribution. Incorporated in 2018 and headquartered in Singapore, Bit Origin Ltd has positioned itself in the rapidly evolving cryptocurrency mining industry, leveraging its corporate structure to explore new market opportunities. Web URL: https://bitorigin.io

Ticker Symbol: BTOG | Exchange: NASDAQ | Type: Common Stock | Country Origin: Singapore | GICS Sub Industry: Packaged Foods & Meats

Based on recent technical and fundamental data, Bit Origin Ltds stock is currently trading at $0.49, with a 20-day average volume of 778,883 shares. The stocks moving averages indicate a bearish trend, with the 20-day SMA at $0.39, 50-day SMA at $0.58, and 200-day SMA at $1.79. The Average True Range (ATR) of $0.12 reflects moderate volatility. On the fundamental side, the company has a market cap of $4.17 million, with a price-to-book ratio of 2.44 and price-to-sales ratio of 1.44. The lack of profitability is reflected in its P/E ratio of 0.00.

3-Month Forecast: Based on the convergence of technical and fundamental data, Bit Origin Ltds stock is expected to trade within a narrow range of $0.35 to $0.65 over the next three months. The bearish crossover of the 20-day SMA below the 50-day SMA suggests continued downward pressure, while the low ATR indicates limited volatility. However, the stocks relatively low market cap and price-to-sales ratio may attract speculative interest, potentially driving short-term price appreciation. The absence of profitability and high price-to-book ratio remain key risks.