Should I buy or sell Bit Digital stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?

1 Wall Street analysts have issued 1-year target prices for Bit Digital's stock. Their BTBT share price targets range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next twelve months. This suggests a possible upside of 50.6% 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 start of the year. Since then, BTBT stock has increased by 453.3% and is now trading at $3.32. View the best growth stocks for 2023 here .

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) announced its earnings results on Tuesday, November, 14th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business earned $11.56 million during the quarter, compared to analysts' expectations of $11 million. Bit Digital had a negative net margin of 203.39% and a negative trailing twelve-month return on equity of 79.60%.

What ETFs hold Bit Digital's stock?

ETFs with the largest weight of Bit Digital (NASDAQ:BTBT) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI) , Global X Blockchain ETF (BKCH) , Invesco Alerian Galaxy Crypto Economy ETF (SATO) , VanEck Digital Transformation ETF (DAPP) , Bitwise Crypto Industry Innovators ETF (BITQ) , VanEck Digital Assets Mining ETF (DAM) , Grayscale Future of Finance ETF (GFOF) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) .

Who are Bit Digital's major shareholders?

Bit Digital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (6.86%), Van ECK Associates Corp (2.47%), Mirae Asset Global Investments Co. Ltd. (1.75%), Exchange Traded Concepts LLC (1.06%), Northern Trust Corp (0.58%) and Quadrature Capital Ltd (0.46%).

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 .

Bit Digital Stock Price, News & Analysis (NASDAQ:BTBT)

$3.32

0.00 (0.00%)

(As of 12/6/2023 ET)

Compare

Today's Range: $3.24
▼
$3.45
50-Day Range: $1.97
▼
$3.32
52-Week Range: $0.53
▼
$4.80

Volume: 7.25 million shs
Average Volume: 3.68 million shs
Market Capitalization: $273.84 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Bit Digital MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 50.6% Upside
$5.00 Price Target
Short Interest: Bearish
15.77% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.21) to ($0.25) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Business Services Sector

166th out of 271 stocks

Nondepository Credit Institutions Industry

21st out of 46 stocks

3.5

Analyst's Opinion

Consensus Rating
Bit 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/Downside
According to analysts' consensus price target of $5.00, Bit Digital has a forecasted upside of 50.6% from its current price of $3.32.
Amount of Analyst Coverage
Bit Digital has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
15.77% of the outstanding shares of Bit Digital have been sold short.
Short Interest Ratio / Days to Cover
Bit Digital has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Bit Digital has recently decreased by 0.84%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Bit Digital does not currently pay a dividend.
Dividend Growth
Bit Digital does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BTBT.

3.7

News and Social Media Coverage

News Sentiment
Bit Digital has a news sentiment score of 0.64. 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 is a higher news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Bit Digital this week, compared to 1 article on an average week.
Search Interest
13 people have searched for BTBT on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.
MarketBeat Follows
4 people have added Bit Digital to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bit Digital insiders have not sold or bought any company stock.
Percentage Held by Insiders
41.30% 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 Institutions
Only 24.17% of the stock of Bit Digital is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Bit Digital are expected to decrease in the coming year, from ($0.21) to ($0.25) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bit Digital is -3.57, 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. Sector
The P/E ratio of Bit Digital is -3.57, 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 Ratio
Bit Digital has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

BTBT Stock News Headlines

December 7, 2023 | americanbankingnews.com

FY2024 EPS Estimates for Bit Digital, Inc. (NASDAQ:BTBT) Boosted by HC Wainwright

December 6, 2023 | msn.com

What's Going On With Shares Of Bitcoin Miner Bit Digital Wednesday?

December 7, 2023 | Edge On The Street (Ad)

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December 6, 2023 | msn.com

Bit Digital mined 24% more bitcoin in November

December 5, 2023 | americanbankingnews.com

Bit Digital (NASDAQ:BTBT) Price Target Increased to $5.00 by Analysts at HC Wainwright

December 1, 2023 | finance.yahoo.com

New Forecasts: Here's What Analysts Think The Future Holds For Bit Digital, Inc. (NASDAQ:BTBT)

November 24, 2023 | markets.businessinsider.com

EXCLUSIVE: Bitcoin Halving Looms — Miners Strategize To Weather The Storm

November 20, 2023 | finance.yahoo.com

Is Bit Digital (BTBT) Outperforming Other Business Services Stocks This Year?

December 7, 2023 | Autonomix (Ad)

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November 20, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces Finalized AI Customer Contract Terms and Datacenter Location

November 17, 2023 | finance.yahoo.com

Investors in Bit Digital (NASDAQ:BTBT) have seen stellar returns of 107% over the past year

November 14, 2023 | benzinga.com

Recap: Bit Digital Q3 Earnings

November 14, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2023 Financial Results

November 6, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces Monthly Production Update for October 2023

November 1, 2023 | morningstar.com

Bit Digital Inc Ordinary Shares BTBT

October 25, 2023 | msn.com

Soluna, Bit Digital sign hosting partnership for a year at its Kentucky site

October 25, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces New Hosting Location

October 24, 2023 | msn.com

Bitcoin Stocks Skyrocket, Slice Past Key Technical Barriers Like Knife Through Butter

October 23, 2023 | finance.yahoo.com

Bit Digital, Inc. Launches New AI Business: Secures Customer Contract Worth up to $257 Million, Procures NVIDIA H100 GPUs

October 15, 2023 | finance.yahoo.com

Will Bit Digital (NASDAQ:BTBT) Spend Its Cash Wisely?

October 4, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces Monthly Production Update for September 2023

September 14, 2023 | msn.com

Why Are These 3 Bitcoin Mining Stocks Surging Today?

September 5, 2023 | finance.yahoo.com

Bit Digital, Inc. Announces Monthly Production Update for August 2023

August 30, 2023 | benzinga.com

Bit Digital (NASDAQ: BTBT) Reports Healthy Financial Position At End Of Q2 2023 With Sustainability Focus With A 99% Carbon-Free Fleet

August 21, 2023 | finance.yahoo.com

Has Bit Digital (BTBT) Outpaced Other Business Services Stocks This Year?

August 21, 2023 | benzinga.com

1BTBT : Ethereum Has Evolved – Bit Digital Allows Crypto Investors To Align Their...

August 17, 2023 | msn.com

HC Wainwright & Co. Reiterates Bit Digital (BTBT) Buy Recommendation

See More Headlines

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Company Calendar

Last Earnings: 11/14/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 4/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:BTBT
CUSIP: N/A
CIK: 1710350
Web: www.dianniu98.com
Phone: (212) 463-5121
Fax: N/A
Employees: 18
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.00
High Stock Price Target: $5.00
Low Stock Price Target: $5.00
Potential Upside/Downside: +50.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.93)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-105,300,000.00
Net Margins: -203.39%
Pretax Margin: -220.80%
Return on Equity: -79.60%
Return on Assets: -66.53%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 29.60
Quick Ratio: 29.60

Sales & Book Value

Annual Sales: $36.64 million
Price / Sales: 7.47
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.98 per share
Price / Book: 3.39

Miscellaneous

Outstanding Shares: 82,483,000
Free Float: 48,418,000
Market Cap: $273.84 million
Optionable: Not Optionable
Beta: 4.46

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Key Executives

Mr. Samir Tabar (Age 50)
Chief Executive Officer
Comp: $500k
Mr. Erke Huang (Age 34)
CFO & Director
Comp: $64k
Mr. William Cameron Schnier C.F.A.
Head of Investor Relations
Mr. Jiashu Xiong
Executive Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BTBT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bit Digital stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?: 1 Wall Street analysts have issued 1-year target prices for Bit Digital's stock. Their BTBT share price targets range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next twelve months. This suggests a possible upside of 50.6% 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 start of the year. Since then, BTBT stock has increased by 453.3% and is now trading at $3.32.
View the best growth stocks for 2023 here.
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) announced its earnings results on Tuesday, November, 14th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business earned $11.56 million during the quarter, compared to analysts' expectations of $11 million. Bit Digital had a negative net margin of 203.39% and a negative trailing twelve-month return on equity of 79.60%.
What ETFs hold Bit Digital's stock?: ETFs with the largest weight of Bit Digital (NASDAQ:BTBT) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Transformation ETF (DAPP), Bitwise Crypto Industry Innovators ETF (BITQ), VanEck Digital Assets Mining ETF (DAM), Grayscale Future of Finance ETF (GFOF) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
Who are Bit Digital's major shareholders?: Bit Digital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (6.86%), Van ECK Associates Corp (2.47%), Mirae Asset Global Investments Co. Ltd. (1.75%), Exchange Traded Concepts LLC (1.06%), Northern Trust Corp (0.58%) and Quadrature Capital Ltd (0.46%).
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.

This page (NASDAQ:BTBT) was last updated on 12/7/2023 by MarketBeat.com Staff

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