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MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

$1.98
+0.05 (+2.59%)
(As of 04/19/2024 ET)
Today's Range
$1.94
$2.05
50-Day Range
$1.81
$3.37
52-Week Range
$1.61
$5.27
Volume
5.08 million shs
Average Volume
6.28 million shs
Market Capitalization
$163.31 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.50

Bit Digital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
177.8% Upside
$5.50 Price Target
Short Interest
Bearish
21.98% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.73mentions of Bit Digital in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
250.00%
From $0.02 to $0.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.25 out of 5 stars

Business Services Sector

115th out of 298 stocks

Nondepository Credit Institutions Industry

16th out of 44 stocks

BTBT stock logo

About Bit Digital Stock (NASDAQ:BTBT)

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. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.

BTBT Stock Price History

BTBT Stock News Headlines

Bit Digital, Inc. (BTBT)
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The 7 Best Penny Stocks to Buy in April 2024
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Bit Digital: Q4 Earnings Insights
Bit Digital FY 2023 Earnings Preview
BTBT Mar 2024 4.000 put
BTBT Mar 2024 4.000 call
BTBT Mar 2024 6.000 put
Bit Digital's Earnings Outlook
BTBT Aug 2024 2.500 call
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
4/21/2024
Next Earnings (Estimated)
6/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BTBT
Fax
N/A
Employees
24
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.50
High Stock Price Target
$6.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+177.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-13,890,000.00
Pretax Margin
-30.31%

Debt

Sales & Book Value

Annual Sales
$44.92 million
Cash Flow
$0.01 per share
Book Value
$1.74 per share

Miscellaneous

Free Float
48,418,000
Market Cap
$163.31 million
Optionable
Optionable
Beta
4.76
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BTBT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bit Digital stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BTBT shares.
View BTBT analyst ratings
or view top-rated stocks.

What is Bit Digital's stock price target for 2024?

2 Wall Street research analysts have issued twelve-month price targets for Bit Digital's shares. Their BTBT share price targets range from $5.00 to $6.00. On average, they anticipate the company's stock price to reach $5.50 in the next year. This suggests a possible upside of 177.8% 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 2024?

Bit Digital's stock was trading at $4.23 on January 1st, 2024. Since then, BTBT stock has decreased by 53.2% and is now trading at $1.98.
View the best growth stocks for 2024 here
.

Are investors shorting Bit Digital?

Bit Digital saw a increase in short interest in March. As of March 31st, there was short interest totaling 18,130,000 shares, an increase of 14.0% from the March 15th total of 15,910,000 shares. Based on an average daily volume of 8,110,000 shares, the short-interest ratio is presently 2.2 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 Monday, June 10th 2024.
View our BTBT earnings forecast
.

How were Bit Digital's earnings last quarter?

Bit Digital, Inc. (NASDAQ:BTBT) released its earnings results on Monday, March, 18th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04. The firm had revenue of $16.05 million for the quarter, compared to analyst estimates of $12.06 million. Bit Digital had a negative trailing twelve-month return on equity of 6.20% and a negative net margin of 30.93%.

Who are Bit Digital's major shareholders?

Bit Digital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BTBT) was last updated on 4/21/2024 by MarketBeat.com Staff

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