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In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
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Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
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Stock ideas from the 2024 Microcap Conference
The Retirement of Your Dreams Awaits You… (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
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In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
The Retirement of Your Dreams Awaits You… (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
The Retirement of Your Dreams Awaits You… (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
The Retirement of Your Dreams Awaits You… (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
The Retirement of Your Dreams Awaits You… (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

$2.68
-0.07 (-2.55%)
(As of 02/23/2024 ET)
Today's Range
$2.55
$2.70
50-Day Range
$2.40
$5.09
52-Week Range
$0.97
$5.27
Volume
6.37 million shs
Average Volume
7.50 million shs
Market Capitalization
$221.05 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
105.2% Upside
$5.50 Price Target
Short Interest
Healthy
15.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Bit Digital in the last 14 days
Based on 5 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.

2.17 out of 5 stars

Business Services Sector

181st out of 316 stocks

Nondepository Credit Institutions Industry

18th 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

BTBT Mar 2024 1.500 call
New Trump Bombshell
I believe Donald J. Trump will go down as America’s last Republican president.  But NOT for the reasons you may think…  If I’m right, the soul of this country will change forever…
BTBT Feb 2024 6.000 call
BTBT Feb 2024 5.000 put
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE
A shocking leak has revealed tech giant Microsoft plans to add crypto support to future products. If the plans in these leaked documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, and MORE. The coupling of gaming and cryptocurrency could transform digital finance as we know it. We've gathered 27 experts to share their top picks and predictions for the 2024 crypto bull run.
Northland Securities Begins Coverage on Bit Digital (NASDAQ:BTBT)
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
2/23/2024
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
+105.2%
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
$221.05 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 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 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 analysts have issued twelve-month price objectives for Bit Digital's stock. Their BTBT share price targets range from $5.00 to $6.00. On average, they expect the company's share price to reach $5.50 in the next year. This suggests a possible upside of 105.2% 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 at the beginning of 2024. Since then, BTBT stock has decreased by 36.6% and is now trading at $2.68.
View the best growth stocks for 2024 here
.

Are investors shorting Bit Digital?

Bit Digital saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 12,860,000 shares, a drop of 28.0% from the January 15th total of 17,870,000 shares. Based on an average daily volume of 8,150,000 shares, the days-to-cover ratio is currently 1.6 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 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 results on Tuesday, August, 15th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The company earned $9.04 million during the quarter, compared to analysts' expectations 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 a number of institutional and retail investors. Top institutional investors 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 2/24/2024 by MarketBeat.com Staff