Bit Origin Stock Probability Of Bankruptcy
| BTOG Stock | USD 0.26 0.01 3.70% |
Bit | Probability Of Bankruptcy |
Bit Origin Company chance of financial distress Analysis
Bit Origin's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Bit Origin Probability Of Bankruptcy | Over 85% |
Most of Bit Origin's fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of Bit Origin probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Bit Origin odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Bit Origin financial health.
Is Packaged Foods & Meats space 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 (3.34) | Revenue Per Share | Quarterly Revenue Growth (1.00) | Return On Assets | Return On Equity |
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.
Bit Probability Of Bankruptcy 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 Probability Of Bankruptcy. 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
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Bit Origin has a Probability Of Bankruptcy of 85%. This is 134.94% higher than that of the Food Products sector and 104.33% higher than that of the Consumer Staples industry. The probability of bankruptcy for all United States stocks is 113.41% lower than that of the firm.
Bit Probability Of Bankruptcy 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 Probability Of Bankruptcy 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 probability of bankruptcy category among its peers.
Bit Origin Main Bankruptcy Drivers
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Return On Assets | (0.3) | 0.0927 | (2.12) | (2.62) | (3.02) | (2.87) | |
| Asset Turnover | 1.75 | 1.97 | 0.005503 | 0.47 | 0.43 | 0.5 | |
| Gross Profit Margin | 0.0372 | (1.1) | (0.73) | (0.33) | (0.38) | (0.4) | |
| Net Debt | 2.1M | 1.7M | 2.1M | 3.8M | 3.4M | 5.7M | |
| Total Current Liabilities | 38.7M | 300.0K | 2.6M | 2.5M | 2.2M | 2.1M | |
| Non Current Liabilities Total | 3.8M | 2.4M | 486.3K | 3.3M | 3.0M | 2.3M | |
| Total Assets | 40.9M | 35.0M | 13.3M | 6.7M | 6.0M | 5.7M | |
| Total Current Assets | 32.5M | 5.8M | 3.6M | 6.7M | 6.0M | 5.7M | |
| Total Cash From Operating Activities | (10.5M) | (14.3M) | (6.8M) | (7.9M) | (7.1M) | (7.5M) |
Bit Fundamentals
| Return On Equity | -3.27 | ||||
| Return On Asset | -0.37 | ||||
| Operating Margin | (2.07) % | ||||
| Current Valuation | 6.08 M | ||||
| Shares Outstanding | 8.54 M | ||||
| Shares Owned By Insiders | 16.46 % | ||||
| Shares Owned By Institutions | 1.87 % | ||||
| Number Of Shares Shorted | 49.6 K | ||||
| Price To Book | 1.40 X | ||||
| Price To Sales | 0.77 X | ||||
| Revenue | 2.89 M | ||||
| Gross Profit | (945.2 K) | ||||
| EBITDA | (16.89 M) | ||||
| Net Income | (18.28 M) | ||||
| Cash And Equivalents | 17.8 K | ||||
| Total Debt | 5.16 M | ||||
| Current Ratio | 19.18 X | ||||
| Book Value Per Share | 0.21 X | ||||
| Cash Flow From Operations | (7.93 M) | ||||
| Short Ratio | 0.21 X | ||||
| Earnings Per Share | (3.34) X | ||||
| Beta | 1.25 | ||||
| Market Capitalization | 2.23 M | ||||
| Total Asset | 6.68 M | ||||
| Retained Earnings | (81.73 M) | ||||
| Working Capital | 4.19 M | ||||
| Net Asset | 6.68 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.
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When determining whether Bit Origin is a strong investment it is important to analyze Bit Origin's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bit Origin's future performance. For an informed investment choice regarding Bit Stock, refer to the following important reports: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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Packaged Foods & Meats space 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 (3.34) | Revenue Per Share | Quarterly Revenue Growth (1.00) | Return On Assets | Return On Equity |
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.