B2Digital Incorporated (OTCMKTS:BTDG) Stock Sees Selling Pressure At Higher Level
B2Digital Incorporated (OTCMKTS:BTDG) fell 4% in the last session, and the stock is down 11% in a week.
Market Stats
On Thursday, BTDG stock fell 4.17% at $0.0023 with more than 10.75 million shares, compared to its average volume of 16.20 million shares. The stock has moved within a range of $0.0021 – 0.0025 after opening trading at $0.0024.
B2Digital on Pace for 300% Annual Topline Growth as B2 Fighting Series Revenues Soar 460% Higher Year-Over-Year
The company has given a summary of unaudited performance results for November 2021 and insights into how it is tracking the quarter ending December 31, 2021, and the fiscal years ending March 31, 2022. CEO Greg P. Bell said that they have witnessed exciting marketplace signals suggesting that the company’s leading B2Digital brands are growing fast and positioning the company to scale at an expedited clip in quarters to come. In addition, Bell said that the company performed strongly in November, setting up a robust close to B2Digital’s most fruitful year of operations.
Unaudited consolidated revenues in November demonstrated considerable Yoy growth, with sales increasing 125% relative to the same period a year ago. The growth was attributed to Live events, with November revenues from Live events growing more than 460% YoY. The company is on course to report annual growth of 300% in total revenue across all segments for the fiscal year ending March 31, 2021. So, BTDG is worth watching.
Traders Corner
BTDG stock is trading below the 20-Day and 50-Day Moving averages of $0.0248 and $0.0040 respectively. The stock is trading in the oversold zone with RSI stands at 30. The stock is down 38% in the past month.
