Bit Digital (BTBT) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
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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%.

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).

Bit Digital trades on the NASDAQ under the ticker symbol "BTBT."

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%).

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.
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One share of BTBT stock can currently be purchased for approximately $2.96.

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.

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.