Bit Digital (BTBT) Expected to Announce Earnings on Thursday

Bit Digital (NASDAQ:BTBT - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Thursday, May 15th. Analysts expect Bit Digital to post earnings of ($0.06) per share and revenue of $26.38 million for the quarter.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Price Performance

NASDAQ:BTBT traded up $0.32 during mid-day trading on Friday, reaching $2.38. The stock had a trading volume of 23,778,302 shares, compared to its average volume of 14,011,211. The business's 50 day moving average is $2.07 and its 200 day moving average is $3.03. Bit Digital has a fifty-two week low of $1.69 and a fifty-two week high of $5.74. The stock has a market cap of $484.93 million, a P/E ratio of 39.67 and a beta of 5.25.

Analysts Set New Price Targets

Several equities analysts have commented on BTBT shares. Craig Hallum started coverage on Bit Digital in a report on Tuesday, January 21st. They set a "buy" rating and a $6.00 price target on the stock. HC Wainwright reiterated a "buy" rating and set a $7.00 price target on shares of Bit Digital in a report on Monday, April 21st.

Institutional Investors Weigh In On Bit Digital

An institutional investor recently raised its position in Bit Digital stock. AQR Capital Management LLC lifted its stake in Bit Digital, Inc. (NASDAQ:BTBT - Free Report) by 815.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,648 shares of the company's stock after acquiring an additional 180,509 shares during the period. AQR Capital Management LLC owned approximately 0.10% of Bit Digital worth $409,000 at the end of the most recent reporting period. Institutional investors own 47.70% of the company's stock.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.