NASDAQ:BTBT Bit Digital (BTBT) Stock Forecast, Price & News $2.86 -0.10 (-3.38%) (As of 04:32 PM ET) Add Compare Share Share Today's Range$2.85▼$3.0750-Day Range$1.47▼$3.3952-Week Range$0.53▼$3.45Volume2.38 million shsAverage Volume2.80 million shsMarket Capitalization$235.89 millionP/E RatioN/ADividend YieldN/APrice Target$3.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Bit Digital MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3.1% Upside$3.00 Price TargetShort InterestHealthy10.91% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.37Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.40 out of 5 starsBusiness Services Sector308th out of 332 stocksNondepository Credit Institutions Industry38th out of 42 stocks 1.5 Analyst's Opinion Consensus RatingBit Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.00, Bit Digital has a forecasted upside of 3.1% from its current price of $2.91.Amount of Analyst CoverageBit Digital has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted10.91% of the outstanding shares of Bit Digital have been sold short.Short Interest Ratio / Days to CoverBit Digital has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bit Digital has recently decreased by 11.15%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBit Digital does not currently pay a dividend.Dividend GrowthBit Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BTBT. Previous Next 2.4 News and Social Media Coverage News SentimentBit Digital has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Bit Digital this week, compared to 1 article on an average week.Search InterestOnly 9 people have searched for BTBT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows7 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bit Digital insiders have not sold or bought any company stock.Percentage Held by Insiders41.30% of the stock of Bit Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 7.48% of the stock of Bit Digital is held by institutions. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bit Digital is -2.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bit Digital is -2.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBit Digital has a P/B Ratio of 2.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Bit Digital (NASDAQ:BTBT) StockBit Digital, Inc. engages in the digital asset mining business and Ethereum staking activities. The company was founded in November 2015 and is headquartered in New York, NY.Read More Receive BTBT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address BTBT Stock News HeadlinesJune 6, 2023 | msn.comBit Digital May production surges 31% in May, stock price up 2%June 6, 2023 | finance.yahoo.comBit Digital, Inc. Announces Monthly Production Update for May 2023June 9, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.June 5, 2023 | finance.yahoo.comMega Matrix Corp. Announces Additional Operation Capacity of Ethereum Staking Validators for Bit DigitalMay 24, 2023 | msn.comRussell 3000: Aehr Test Systems, Bit Digital among technology additions; Dell Technologies, Skillz among deletionsMay 21, 2023 | americanbankingnews.comBit Digital (BTBT) to Release Earnings on MondayMay 18, 2023 | finance.yahoo.comBitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax CrackdownMay 18, 2023 | finance.yahoo.comBit Digital, Inc. Announces Expansion of Mining Operations into IcelandJune 9, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 12, 2023 | finance.yahoo.comMEGA MATRIX CORP. Reports First Quarter 2023 Financial ResultsMay 9, 2023 | finance.yahoo.comBit Digital, Inc. Announces Additional Mining Capacity with Two Hosting PartnersMay 5, 2023 | americanbankingnews.comBit Digital (NASDAQ:BTBT) PT Raised to $3.00May 3, 2023 | msn.comHC Wainwright & Co. Maintains Bit Digital (BTBT) Buy RecommendationMay 3, 2023 | finance.yahoo.comBit Digital, Inc. Announces Monthly Production Update for April 2023May 3, 2023 | markets.businessinsider.comH.C. Wainwright Sticks to Its Buy Rating for Bit Digital (BTBT)April 28, 2023 | finance.yahoo.comBit Digital, Inc. Announces Fiscal Year 2022 Financial HighlightsApril 20, 2023 | americanbankingnews.comBit Digital, Inc. (NASDAQ:BTBT) Sees Significant Growth in Short InterestApril 18, 2023 | benzinga.comThinking about buying stock in Advanced Micro Devices, BigBear.ai, Riot Platforms, Bit Digital, or Altimmune?April 5, 2023 | finance.yahoo.comBit Digital, Inc. Announces Monthly Production Update for March 2023April 3, 2023 | americanbankingnews.comBit Digital, Inc. (NASDAQ:BTBT) Short Interest UpdateMarch 27, 2023 | msn.comBitcoin falls below $27,000, and CFTC charges Binance for violating trading rules: CNBC Crypto WorldMarch 24, 2023 | finance.yahoo.comBit Digital, Inc. Announces Strategic Investment in Auros Global LimitedMarch 23, 2023 | markets.businessinsider.comH.C. Wainwright Sticks to Their Buy Rating for Bit Digital (BTBT)March 10, 2023 | benzinga.comBit Digital Stock (NASDAQ:BTBT), Short Interest ReportMarch 9, 2023 | benzinga.comBit Digital Stock (NASDAQ:BTBT), Guidance and ForecastMarch 7, 2023 | finance.yahoo.comBit Digital, Inc. Announces Formation of a Joint Venture With Mega Matrix Corp. to Provide Digital Asset Staking TechnologyMarch 7, 2023 | finance.yahoo.comMega Matrix Corp. Announces Establishment of a Joint Venture With Bit Digital, Inc. to Jointly Provide Digital Assets Staking ServicesSee More Headlines BTBT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BTBT Company Calendar Last Earnings4/28/2023Today6/09/2023Next Earnings (Estimated)6/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Nondepository credit institutions Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:BTBT CUSIPN/A CIK1710350 Webwww.dianniu98.com Phone(212) 463-5121FaxN/AEmployees12Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.00 High Stock Price Forecast$3.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+1.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($1.34) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-105,300,000.00 Net Margins-326.03% Pretax Margin-327.86% Return on Equity-77.17% Return on Assets-68.64% Debt Debt-to-Equity RatioN/A Current Ratio8.65 Quick Ratio8.65 Sales & Book Value Annual Sales$32.30 million Price / Sales7.56 Cash FlowN/A Price / Cash FlowN/A Book Value$0.98 per share Price / Book3.02Miscellaneous Outstanding Shares82,480,000Free Float48,418,000Market Cap$244.14 million OptionableNot Optionable Beta4.53 Key ExecutivesSam TabarChief Executive OfficerErke HuangChief Financial Officer & DirectorCameron SchnierHead-Investor RelationsKey CompetitorsBitfarmsNASDAQ:BITFOppFiNYSE:OPFIBakktNYSE:BKKTMoneyLionNYSE:MLHut 8 MiningNASDAQ:HUTView All CompetitorsInstitutional OwnershipHarvest Portfolios Group Inc.Bought 25,745 shares on 5/18/2023Ownership: 0.070%Jane Street Group LLCBought 77,479 shares on 5/16/2023Ownership: 0.166%Susquehanna International Group LLPBought 1,600 shares on 5/16/2023Ownership: 0.000%Two Sigma Investments LPBought 30,829 shares on 5/15/2023Ownership: 0.037%HAP Trading LLCBought 23,000 shares on 5/15/2023Ownership: 0.000%View All Institutional Transactions BTBT Stock - Frequently Asked Questions Should I buy or sell Bit Digital stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BTBT shares. View BTBT analyst ratings or view top-rated stocks. What is Bit Digital's stock price forecast for 2023? 1 analysts have issued 1 year price objectives for Bit Digital's stock. Their BTBT share price forecasts range from $3.00 to $3.00. On average, they expect the company's stock price to reach $3.00 in the next year. This suggests a possible upside of 1.4% from the stock's current price. View analysts price targets for BTBT or view top-rated stocks among Wall Street analysts. How have BTBT shares performed in 2023? Bit Digital's stock was trading at $0.60 at the beginning of the year. Since then, BTBT stock has increased by 393.3% and is now trading at $2.96. View the best growth stocks for 2023 here. Are investors shorting Bit Digital? Bit Digital saw a decrease in short interest in May. As of May 15th, there was short interest totaling 9,000,000 shares, a decrease of 11.2% from the April 30th total of 10,130,000 shares. Based on an average daily trading volume, of 2,470,000 shares, the short-interest ratio is presently 3.6 days. View Bit Digital's Short Interest. When is Bit Digital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023. View our BTBT earnings forecast. How were Bit Digital's earnings last quarter? Bit Digital, Inc. (NASDAQ:BTBT) announced its earnings results on Friday, April, 28th. The company reported ($0.79) earnings per share for the quarter. The firm earned $7.78 million during the quarter. Bit Digital had a negative net margin of 326.03% and a negative trailing twelve-month return on equity of 77.17%. What ETFs hold Bit Digital's stock? ETFs with the largest weight of Bit Digital (NASDAQ:BTBT) stock in their portfolio include Global X Blockchain ETF (BKCH), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Grayscale Future of Finance ETF (GFOF), Valkyrie Bitcoin Miners ETF (WGMI), Bitwise Crypto Industry Innovators ETF (BITQ), VanEck Digital Assets Mining ETF (DAM) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). What is Bit Digital's stock symbol? Bit Digital trades on the NASDAQ under the ticker symbol "BTBT." Who are Bit Digital's major shareholders? Bit Digital's stock is owned by many different retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (2.35%), Van ECK Associates Corp (1.94%), Exchange Traded Concepts LLC (1.52%), BlackRock Inc. (0.41%), Group One Trading L.P. (0.00%) and Jane Street Group LLC (0.17%). How do I buy shares of Bit Digital? Shares of BTBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Bit Digital's stock price today? One share of BTBT stock can currently be purchased for approximately $2.96. How much money does Bit Digital make? Bit Digital (NASDAQ:BTBT) has a market capitalization of $244.14 million and generates $32.30 million in revenue each year. The company earns $-105,300,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis. How can I contact Bit Digital? Bit Digital's mailing address is 136-20 38TH AVE. SUITE 9A-2 FLUSHING, NEW YORK NY, 11354. The official website for the company is www.dianniu98.com. The company can be reached via phone at (212) 463-5121 or via email at ir@bit-digital.com. 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