Q1 Earnings Forecast for Bit Digital Issued By B. Riley

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at B. Riley issued their Q1 2025 earnings estimates for shares of Bit Digital in a research note issued to investors on Monday, April 28th. B. Riley analyst N. Giles forecasts that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Bit Digital's Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.28 EPS.

A number of other equities analysts have also commented on BTBT. HC Wainwright reaffirmed a "buy" rating and set a $7.00 target price on shares of Bit Digital in a research report on Monday, April 21st. Craig Hallum began coverage on Bit Digital in a report on Tuesday, January 21st. They set a "buy" rating and a $6.00 target price for the company.

Bit Digital Stock Performance

BTBT stock traded up $0.04 during midday trading on Thursday, reaching $2.11. The company's stock had a trading volume of 8,403,555 shares, compared to its average volume of 13,586,888. The firm has a market capitalization of $385.62 million, a price-to-earnings ratio of 35.17 and a beta of 6.05. Bit Digital has a 1 year low of $1.69 and a 1 year high of $5.74. The stock has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $3.17.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its earnings results on Friday, March 14th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The business had revenue of $26.10 million for the quarter, compared to the consensus estimate of $25.06 million. During the same period in the prior year, the company posted ($0.16) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in Bit Digital in the fourth quarter valued at approximately $31,000. Cibc World Markets Corp acquired a new stake in shares of Bit Digital in the 4th quarter worth $33,000. Cerity Partners LLC purchased a new position in Bit Digital during the 1st quarter worth $25,000. Wedbush Securities Inc. acquired a new position in Bit Digital during the 4th quarter valued at about $37,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Bit Digital in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 47.70% of the company's stock.

About Bit Digital

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.