Noble Financial Boosts Earnings Estimates for Bit Digital

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Noble Financial lifted their Q2 2025 earnings estimates for Bit Digital in a research note issued to investors on Monday, May 19th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings of ($0.01) per share for the quarter, up from their prior estimate of ($0.02). The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. Noble Financial also issued estimates for Bit Digital's Q3 2025 earnings at $0.01 EPS and FY2025 earnings at $0.04 EPS.

Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 price target on shares of Bit Digital in a report on Monday, May 19th.

Bit Digital Stock Performance

BTBT stock traded down $0.05 during trading on Wednesday, hitting $2.50. The stock had a trading volume of 17,044,929 shares, compared to its average volume of 14,221,311. The company's 50 day moving average price is $2.09 and its two-hundred day moving average price is $2.98. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.74. The stock has a market cap of $519.45 million, a price-to-earnings ratio of 41.67 and a beta of 5.25.

Bit Digital (NASDAQ:BTBT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $25.11 million for the quarter, compared to the consensus estimate of $26.38 million. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%.

Institutional Trading of Bit Digital

Institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp grew its position in shares of Bit Digital by 31.0% during the 4th quarter. Stifel Financial Corp now owns 14,027 shares of the company's stock valued at $41,000 after buying an additional 3,320 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Bit Digital by 10.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,846 shares of the company's stock valued at $132,000 after acquiring an additional 4,389 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Bit Digital by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,711 shares of the company's stock valued at $125,000 after purchasing an additional 6,195 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Bit Digital by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 287,566 shares of the company's stock worth $843,000 after purchasing an additional 6,621 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Bit Digital by 4.5% in the 4th quarter. Rhumbline Advisers now owns 156,715 shares of the company's stock worth $459,000 after purchasing an additional 6,809 shares during the last quarter. Institutional investors and hedge funds 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.