Bit Digital (NASDAQ:BTBT - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 15th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $26.38 million for the quarter.
Bit Digital (NASDAQ:BTBT - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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
Shares of Bit Digital stock traded down $0.08 during midday trading on Thursday, hitting $2.06. 18,081,126 shares of the company were exchanged, compared to its average volume of 13,919,140. The firm has a market cap of $419.73 million, a P/E ratio of 34.33 and a beta of 5.25. Bit Digital has a 52 week low of $1.69 and a 52 week high of $5.74. The firm has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $3.07.
Analysts Set New Price Targets
A number of research firms recently weighed in on BTBT. Craig Hallum assumed coverage on Bit Digital in a report on Tuesday, January 21st. They set a "buy" rating and a $6.00 price target for the company. HC Wainwright restated a "buy" rating and issued a $7.00 price target on shares of Bit Digital in a report on Monday, April 21st.
Get Our Latest Analysis on Bit Digital
About Bit Digital
(
Get Free Report)
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.
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