NASDAQ:BTBT Bit Digital (BTBT) Stock Price, News & Analysis → 8,788% Return Predicted For THIS Crypto (already up 40% in 6 months) (From Paradigm Press) (Ad) Free BTBT Stock Alerts $2.17 -0.04 (-1.81%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$2.12▼$2.2750-Day Range$2.10▼$3.7552-Week Range$1.25▼$5.27Volume6.82 million shsAverage Volume8.52 million shsMarket Capitalization$178.98 millionP/E RatioN/ADividend YieldN/APrice Target$5.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Bit Digital alerts: Email Address Bit Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside153.5% Upside$5.50 Price TargetShort InterestBearish19.54% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.18Based on 19 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.20) to ($0.21) Per ShareSee Full Details Hide Full Details 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.1.72 out of 5 starsBusiness Services Sector219th out of 312 stocksNondepository Credit Institutions Industry38th out of 52 stocks 3.5 Analyst's Opinion Consensus RatingBit Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.50, Bit Digital has a forecasted upside of 153.5% from its current price of $2.17.Amount of Analyst CoverageBit Digital has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted19.54% of the outstanding shares of Bit Digital have been sold short.Short Interest Ratio / Days to CoverBit Digital has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bit Digital has recently increased by 37.90%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldBit Digital does not currently pay a dividend.Dividend GrowthBit Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BTBT. Previous Next 2.9 News and Social Media Coverage News SentimentBit Digital has a news sentiment score of 0.18. 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 lower news sentiment than the 0.54 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Bit Digital this week, compared to 2 articles on an average week.Search Interest19 people have searched for BTBT on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.MarketBeat Follows17 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 183% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bit Digital insiders have not sold or bought any company stock.Percentage Held by Insiders41.30% 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 InstitutionsOnly 24.17% of the stock of Bit Digital is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Bit Digital are expected to decrease in the coming year, from ($0.20) to ($0.21) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bit Digital is -2.33, 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. SectorThe P/E ratio of Bit Digital is -2.33, 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 RatioBit Digital has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now 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.Read More BTBT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BTBT Stock News HeadlinesMarch 18, 2024 | marketbeat.comHere's Why Bitcoin Miners Stopped Rising With Bitcoin PricesPrior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust NASDAQ: IBIT, traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. NASDAQ: COIN to benefit from the rise in Bitcoin prices. When the price of Bitcoin spiked, so did the stocks of Bitcoin miners in the business services sector.March 18, 2024 | marketbeat.comHere’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices (BTBT)The upcoming halving event in Bitcoin is reversing the normal positive correlation between bitcoin mining stocks and the spot price of bitcoinMarch 18, 2024 | InvestorPlace (Ad)They said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.March 18, 2024 | investorplace.comBTBT Stock Earnings: Bit Digital Beats EPS, Beats Revenue for Q4 2023March 18, 2024 | prnewswire.comBit Digital, Inc. Announces Fiscal Year 2023 Financial ResultsMarch 17, 2024 | msn.comBit Digital FY 2023 Earnings PreviewMarch 16, 2024 | finance.yahoo.comBTBT Mar 2024 4.000 putMarch 16, 2024 | finance.yahoo.comBTBT Mar 2024 4.000 callMarch 18, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.March 16, 2024 | americanbankingnews.comBit Digital (BTBT) Set to Announce Quarterly Earnings on MondayMarch 15, 2024 | theglobeandmail.comStocks Settle Lower as Bond Yields Climb on Inflation ConcernsMarch 15, 2024 | finance.yahoo.comBTBT Mar 2024 6.000 putMarch 15, 2024 | benzinga.comBit Digital's Earnings OutlookMarch 13, 2024 | ca.finance.yahoo.comBTBT Aug 2024 2.500 callMarch 13, 2024 | prnewswire.comBit Digital, Inc. Announces Date for Fiscal Year 2023 Financial Results and Conference CallMarch 13, 2024 | msn.comFutures steady as investors brace for more economic dataMarch 13, 2024 | benzinga.comBitcoin's Record Rally To $73K Overshadows Death Cross Signals In Two Crypto Mining StocksMarch 12, 2024 | investorplace.comTrade of the Day: Bet Against Bit Digital (BTBT) StockMarch 11, 2024 | investorplace.com7 Growth Stocks That Could Turn $10,000 Into $500,000March 11, 2024 | theglobeandmail.comStocks Mildly Lower on Caution Ahead of Tuesday’s U.S. CPI ReportMarch 7, 2024 | investorplace.com7 Under-$10 Stocks That Will Be Worth $100 (or More!) by 2026March 7, 2024 | investing.comBit Digital reports drop in BTC production for FebruaryMarch 5, 2024 | prnewswire.comBit Digital, Inc. Announces Monthly Production Update for February 2024March 4, 2024 | msn.comBiggest stock movers today: Crypto-linked stocks, Macy's and moreMarch 3, 2024 | finance.yahoo.comBTBT Mar 2024 1.000 callMarch 3, 2024 | ca.finance.yahoo.comBTBT Apr 2024 2.500 callFebruary 28, 2024 | msn.comCrypto-linked shares jump premarket as Bitcoin clears $59,000See More Headlines Receive BTBT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/15/2023Today3/18/2024Next Earnings (Confirmed)3/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BTBT CUSIPN/A CIK1710350 Webwww.dianniu98.com Phone(212) 463-5121FaxN/AEmployees18Year FoundedN/APrice Target and Rating Average Stock Price Target$5.50 High Stock Price Target$6.00 Low Stock Price Target$5.00 Potential Upside/Downside+153.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.93) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 RatioN/A Current Ratio29.60 Quick Ratio29.60 Sales & Book Value Annual Sales$32.30 million Price / Sales5.54 Cash FlowN/A Price / Cash FlowN/A Book Value$0.98 per share Price / Book2.21Miscellaneous Outstanding Shares82,480,000Free Float48,418,000Market Cap$178.98 million OptionableOptionable Beta4.75 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Samir Tabar (Age 51)Chief Executive Officer Comp: $500kMr. Erke Huang (Age 35)CFO & Director Comp: $64kMr. William Cameron Schnier C.F.A.Head of Investor RelationsMr. Jiashu XiongExecutive DirectorKey CompetitorsBakktNYSE:BKKTOppFiNYSE:OPFIGreen DotNYSE:GDOTCompoSecureNASDAQ:CMPOMoneyLionNYSE:MLView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 121,458 shares on 3/11/2024Ownership: 0.754%Wellington Management Group LLPSold 25,690 shares on 3/5/2024Ownership: 0.043%Vima LLCBought 27,930 shares on 3/4/2024Ownership: 0.034%Goldman Sachs Group Inc.Bought 309,163 shares on 3/1/2024Ownership: 0.522%American International Group Inc.Bought 7,717 shares on 2/28/2024Ownership: 0.053%View All Institutional Transactions 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 brokerages have issued 12-month price targets for Bit Digital's stock. 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 153.5% 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 start of the year. Since then, BTBT stock has decreased by 48.7% and is now trading at $2.17. View the best growth stocks for 2024 here. Are investors shorting Bit Digital? Bit Digital saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 16,120,000 shares, an increase of 37.9% from the February 14th total of 11,690,000 shares. Based on an average daily volume of 9,570,000 shares, the days-to-cover ratio is currently 1.7 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, March 18th 2024. View our BTBT earnings forecast. How can I listen to Bit Digital's earnings call? Bit Digital will be holding an earnings conference call on Tuesday, March 19th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Bit Digital's earnings last quarter? Bit Digital, Inc. (NASDAQ:BTBT) released its quarterly earnings data on Tuesday, August, 15th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.11. The firm earned $9.04 million during the quarter, compared to analysts' expectations of $9.58 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 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 3/18/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingBill Gates Bets on $15 Trillion BonanzaWeiss RatingsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bit Digital, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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