Bit Origin Stock Earnings Per Share
| BTOG Stock | USD 4.12 0.24 6.19% |
Bit Origin fundamentals help investors to digest information that contributes to Bit Origin's financial success or failures. It also enables traders to predict the movement of Bit Stock. The fundamental analysis module provides a way to measure Bit Origin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bit Origin stock.
Bit | Earnings Per Share |
Bit Origin Company Earnings Per Share Analysis
Bit Origin's Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Current Bit Origin Earnings Per Share | (9.28) X |
Most of Bit Origin's fundamental indicators, such as Earnings Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bit Origin is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bit Earnings Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Bit Origin is extremely important. It helps to project a fair market value of Bit Stock properly, considering its historical fundamentals such as Earnings Per Share. Since Bit Origin's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bit Origin's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bit Origin's interrelated accounts and indicators.
Click cells to compare fundamentals
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
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Bit Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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According to the company disclosure, Bit Origin has an Earnings Per Share of -9.28 times. This is 639.53% lower than that of the Food Products sector and notably lower than that of the Consumer Staples industry. The earnings per share for all United States stocks is notably higher than that of the company.
Bit Earnings Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bit Origin's direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bit Origin could also be used in its relative valuation, which is a method of valuing Bit Origin by comparing valuation metrics of similar companies.Bit Origin is currently under evaluation in earnings per share category among related companies.
Bit Fundamentals
| Return On Equity | -1.46 | |||
| Return On Asset | -0.35 | |||
| Operating Margin | (2.34) % | |||
| Current Valuation | 12.01 M | |||
| Shares Outstanding | 6.3 M | |||
| Shares Owned By Insiders | 9.93 % | |||
| Shares Owned By Institutions | 0.57 % | |||
| Number Of Shares Shorted | 317.78 K | |||
| Price To Book | 1.79 X | |||
| Price To Sales | 2.94 X | |||
| Revenue | 6.26 M | |||
| Gross Profit | (211.03 K) | |||
| EBITDA | (5.82 M) | |||
| Net Income | (28.22 M) | |||
| Cash And Equivalents | 17.8 K | |||
| Total Debt | 2.08 M | |||
| Current Ratio | 19.18 X | |||
| Book Value Per Share | 2.52 X | |||
| Cash Flow From Operations | (6.76 M) | |||
| Short Ratio | 1.89 X | |||
| Earnings Per Share | (9.28) X | |||
| Beta | 1.41 | |||
| Market Capitalization | 25.96 M | |||
| Total Asset | 13.34 M | |||
| Retained Earnings | (64.2 M) | |||
| Working Capital | 984.5 K | |||
| Net Asset | 13.34 M |
About Bit Origin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bit Origin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Origin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Origin based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bit Origin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bit Origin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bit Origin will appreciate offsetting losses from the drop in the long position's value.Moving together with Bit Stock
| 0.69 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
Moving against Bit Stock
| 0.7 | BG | Bunge Limited | PairCorr |
| 0.69 | VITL | Vital FarmsInc Earnings Call This Week | PairCorr |
| 0.56 | FDP | Fresh Del Monte | PairCorr |
| 0.51 | ADM | Archer Daniels Midland | PairCorr |
| 0.48 | CAG | ConAgra Foods Financial Report 11th of July 2024 | PairCorr |
The ability to find closely correlated positions to Bit Origin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Origin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bit Origin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bit Origin to buy it.
The correlation of Bit Origin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bit Origin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Origin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bit Origin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bit Origin Piotroski F Score and Bit Origin Altman Z Score analysis. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.