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NVDA   815.97 (+3.14%)
NIO   5.79 (+0.70%)
AMD   198.80 (+3.26%)
BABA   74.82 (+1.07%)
T   16.96 (+0.18%)
F   12.53 (+0.72%)
MU   95.54 (+5.44%)
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GE   158.50 (+1.03%)
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NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

$2.62
+0.02 (+0.77%)
(As of 11:16 AM ET)
Today's Range
$2.51
$2.64
50-Day Range
$2.40
$5.09
52-Week Range
$0.97
$5.27
Volume
2.63 million shs
Average Volume
8.72 million shs
Market Capitalization
$216.10 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
115.7% Upside
$5.50 Price Target
Short Interest
Healthy
14.17% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of Bit Digital in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.20) to ($0.21) 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.

2.37 out of 5 stars

Business Services Sector

182nd out of 315 stocks

Nondepository Credit Institutions Industry

23rd out of 48 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. 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
3 Blockchain Stocks That'll Print You Money This Cycle
BTBT Mar 2024 2.500 call
BTBT Mar 2024 1.500 call
BTBT Feb 2024 6.000 call
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
BTBT Feb 2024 5.000 put
BTBT Feb 2024 3.500 put
BTBT Feb 2024 7.000 put
Bit Digital, Inc. Announces 2024 Strategic Priorities
BTBT Feb 2024 1.500 put
Bit Digital, Inc. Announces Expansion of Mining Fleet
Bit Digital Stock (NASDAQ:BTBT) Insider Trades
Bit Digital Inc (BTBT)
See More Headlines
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Company Calendar

Last Earnings
8/15/2023
Today
3/01/2024
Next Earnings (Estimated)
4/26/2024
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
18
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
+111.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-105,300,000.00
Net Margins
-203.39%
Pretax Margin
-220.80%

Debt

Sales & Book Value

Annual Sales
$32.30 million
Book Value
$0.98 per share

Miscellaneous

Free Float
48,418,000
Market Cap
$214.45 million
Optionable
Optionable
Beta
4.84
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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 twelve months. 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 equities research analysts have issued 12 month price objectives for Bit Digital's shares. Their BTBT share price targets range from $5.00 to $6.00. On average, they predict the company's share price to reach $5.50 in the next year. This suggests a possible upside of 115.7% 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 39.7% and is now trading at $2.55.
View the best growth stocks for 2024 here
.

Are investors shorting Bit Digital?

Bit Digital saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 11,690,000 shares, a drop of 9.1% from the January 31st total of 12,860,000 shares. Based on an average daily trading volume, of 9,260,000 shares, the short-interest ratio is presently 1.3 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 Friday, April 26th 2024.
View our BTBT earnings forecast
.

How were Bit Digital's earnings last quarter?

Bit Digital, Inc. (NASDAQ:BTBT) posted its quarterly earnings data on Tuesday, August, 15th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. The company had revenue of $9.04 million for the quarter, compared to the consensus estimate of $9.58 million. Bit Digital had a negative trailing twelve-month return on equity of 79.60% and a negative net margin of 203.39%.

Who are Bit Digital's major shareholders?

Bit Digital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (2.59%), Mirae Asset Global Investments Co. Ltd. (2.12%), Vident Advisory LLC (1.43%), Exchange Traded Concepts LLC (1.29%), Intrinsic Edge Capital Management LLC (0.97%) and Vanguard Group Inc. (0.75%).

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 3/1/2024 by MarketBeat.com Staff