Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

BTBT Relative to the S&P 500

BTBT Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Bit Digital Inc. (NASD:BTBT) seasonal charts above shows that a Buy Date of May 25 and a Sell Date of August 13 has resulted in a geometric average return of 21.28% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 50.73% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of BTBT, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Bit Digital, Inc. provides cloud services for customers such as artificial intelligence ( AI ) and machine learning ( ML ) developers. It operates through following segment: Digital Asset Mining, Cloud Services, Colocation Services, and ETH Staking. The Digital Asset Mining segment engages in mining activities. The Cloud Services segment provides computing services to support generative AI workstreams. The Colocation Services segment provides physical space, power and cooling within the data center facilities to customers. The Ethereum Staking segment includes service fee and reward-sharing fees to the service providers. The company was founded in November 2015 and is headquartered in New York, NY.

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Stocks mentioned in this post: BTBT