Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - HC Wainwright lifted their Q4 2025 earnings estimates for Bit Digital in a report issued on Monday, May 19th. HC Wainwright analyst K. Dede now forecasts that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). HC Wainwright currently has a "Buy" rating and a $7.00 target price on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.
Bit Digital Stock Performance
Shares of BTBT traded down $0.05 during mid-day trading on Tuesday, hitting $2.50. 17,044,929 shares of the company's stock were exchanged, compared to its average volume of 14,221,311. The company has a market cap of $519.45 million, a price-to-earnings ratio of 41.67 and a beta of 5.25. Bit Digital has a fifty-two week low of $1.69 and a fifty-two week high of $5.74. The stock's 50-day moving average is $2.09 and its 200-day moving average is $2.99.
Bit Digital (NASDAQ:BTBT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $25.11 million for the quarter, compared to analysts' expectations of $26.38 million. Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%.
Hedge Funds Weigh In On Bit Digital
A number of hedge funds have recently modified their holdings of BTBT. Cerity Partners LLC purchased a new stake in shares of Bit Digital in the 1st quarter worth about $25,000. OLD Mission Capital LLC acquired a new position in shares of Bit Digital during the 4th quarter worth approximately $31,000. Advance Capital Management Inc. acquired a new position in shares of Bit Digital during the 1st quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd raised its position in shares of Bit Digital by 2,892.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company's stock worth $31,000 after purchasing an additional 14,692 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Bit Digital during the 4th quarter worth approximately $33,000. 47.70% of the stock is currently owned by hedge funds and other institutional investors.
Bit Digital Company Profile
(
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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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