Bit Origin Stock Buy Hold or Sell Recommendation
| BTOG Stock | USD 4.18 0.06 1.46% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Bit Origin is 'Strong Sell'. Macroaxis provides Bit Origin buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BTOG positions. The advice algorithm takes into account all of Bit Origin's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Bit Origin's buy or sell advice are summarized below:
Real Value 3.54 | Hype Value 4.21 | Market Value 4.18 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bit Origin given historical horizon and risk tolerance towards Bit Origin. When Macroaxis issues a 'buy' or 'sell' recommendation for Bit Origin, the advice is generated through an automated system that utilizes algorithms and statistical models.
Bit |
Execute Bit Origin Buy or Sell Advice
The Bit recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bit Origin. Macroaxis does not own or have any residual interests in Bit Origin or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bit Origin's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Bit Origin Trading Alerts and Improvement Suggestions
| Bit Origin had very high historical volatility over the last 90 days | |
| Bit Origin has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 6.26 M. Net Loss for the year was (28.22 M) with loss before overhead, payroll, taxes, and interest of (211.03 K). | |
| Bit Origin currently holds about 17.8 K in cash with (6.76 M) of positive cash flow from operations. | |
| Bit Origin has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Insider Stock Buyers At Origin Materials Recouped Some Losses This Week - Yahoo Finance |
Bit Origin Returns Distribution Density
The distribution of Bit Origin's historical returns is an attempt to chart the uncertainty of Bit Origin's future price movements. The chart of the probability distribution of Bit Origin daily returns describes the distribution of returns around its average expected value. We use Bit Origin price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bit Origin returns is essential to provide solid investment advice for Bit Origin.
| Mean Return | 0.01 | Value At Risk | -23.95 | Potential Upside | 21.17 | Standard Deviation | 12.62 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bit Origin historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Bit Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bit Origin is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Origin backward and forwards among themselves. Bit Origin's institutional investor refers to the entity that pools money to purchase Bit Origin's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ubs Group Ag | 2023-12-31 | 36 K | Tower Research Capital Llc | 2023-12-31 | 122 |
Bit Origin Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 318.5K | (223.7K) | (192.4K) | (1.0M) | (913.5K) | (867.8K) | |
| Change In Cash | (1.7M) | (1.4M) | 388.0K | (1.5K) | (1.8K) | (1.8K) | |
| Free Cash Flow | (6.6M) | (10.5M) | (22.6M) | (6.9M) | (6.2M) | (6.5M) | |
| Depreciation | 581.7K | 6.5K | 276.8K | 5.4M | 6.2M | 6.5M | |
| Other Non Cash Items | 3.9M | 36.5M | 6.1M | (5.2M) | (6.0M) | (5.7M) | |
| Capital Expenditures | 20.6K | 700.4K | 8.3M | 115.0K | 132.3K | 125.7K | |
| Net Income | (4.4M) | (47.1M) | (2.2M) | (28.2M) | (25.4M) | (24.1M) | |
| End Period Cash Flow | 1.5M | 105.9K | 493.9K | 16.3K | 14.6K | 13.9K | |
| Change To Netincome | (8.3M) | (1.6M) | 34.7M | 2.3M | 2.7M | 2.6M |
Bit Origin Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bit Origin or Food Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bit Origin's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bit stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 0.77 | |
σ | Overall volatility | 11.55 | |
Ir | Information ratio | -0.0054 |
Bit Origin Volatility Alert
Bit Origin is showing large volatility of returns over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bit Origin's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bit Origin's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Bit Origin Fundamentals Vs Peers
Comparing Bit Origin's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bit Origin's direct or indirect competition across all of the common fundamentals between Bit Origin and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bit Origin or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Bit Origin's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bit Origin by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Bit Origin to competition |
| Fundamentals | Bit Origin | Peer Average |
| Return On Equity | -1.46 | -0.31 |
| Return On Asset | -0.35 | -0.14 |
| Operating Margin | (2.34) % | (5.51) % |
| Current Valuation | 12.01 M | 16.62 B |
| Shares Outstanding | 6.3 M | 571.82 M |
| Shares Owned By Insiders | 9.93 % | 10.09 % |
| Shares Owned By Institutions | 0.57 % | 39.21 % |
| Number Of Shares Shorted | 317.78 K | 4.71 M |
| Price To Book | 1.79 X | 9.51 X |
| Price To Sales | 2.94 X | 11.42 X |
| Revenue | 6.26 M | 9.43 B |
| Gross Profit | (211.03 K) | 27.38 B |
| EBITDA | (5.82 M) | 3.9 B |
| Net Income | (28.22 M) | 570.98 M |
| Cash And Equivalents | 17.8 K | 2.7 B |
| Total Debt | 2.08 M | 5.32 B |
| Current Ratio | 19.18 X | 2.16 X |
| Book Value Per Share | 2.52 X | 1.93 K |
| Cash Flow From Operations | (6.76 M) | 971.22 M |
| Short Ratio | 1.89 X | 4.00 X |
| Earnings Per Share | (9.28) X | 3.12 X |
| Number Of Employees | 9 | 18.84 K |
| Beta | 1.41 | -0.15 |
| Market Capitalization | 25.96 M | 19.03 B |
| Total Asset | 13.34 M | 29.47 B |
| Retained Earnings | (64.2 M) | 9.33 B |
| Working Capital | 984.5 K | 1.48 B |
| Net Asset | 13.34 M |
Bit Origin Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bit . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Bit Origin Buy or Sell Advice
When is the right time to buy or sell Bit Origin? Buying financial instruments such as Bit Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.7M | 2.1M | 1.9M | 1.8M | Total Assets | 35.0M | 13.3M | 12.0M | 11.4M |
Use Investing Ideas to Build Portfolios
In addition to having Bit Origin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Data Storage Thematic Idea Now
Data Storage
Companies making data storages or providing data storage services. The Data Storage theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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Check out Bit Origin Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more detail on how to invest in Bit Stock please use our How to Invest in Bit Origin guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Bit Stock analysis
When running Bit Origin's price analysis, check to measure Bit Origin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Origin is operating at the current time. Most of Bit Origin's value examination focuses on studying past and present price action to predict the probability of Bit Origin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Origin's price. Additionally, you may evaluate how the addition of Bit Origin to your portfolios can decrease your overall portfolio volatility.
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Is Bit Origin's industry 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.