NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

$2.23
+0.02 (+0.90%)
(As of 12:24 PM ET)
Today's Range
$2.15
$2.26
50-Day Range
$1.81
$2.87
52-Week Range
$1.76
$5.27
Volume
1.44 million shs
Average Volume
7.45 million shs
Market Capitalization
$183.93 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
145.5% Upside
$5.50 Price Target
Short Interest
Bearish
26.89% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Bit Digital in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
250.00%
From $0.02 to $0.07 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.

3.14 out of 5 stars

Business Services Sector

415th out of 942 stocks

Nondepository Credit Institutions Industry

55th out of 147 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. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. 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

Bit Digital (BTBT) Set to Announce Quarterly Earnings on Wednesday
3 Meme Stocks to Buy on the Dip: April 2024
Bit Digital, Inc. (BTBT)
The 7 Best Penny Stocks to Buy in April 2024
Bit Digital: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
5/14/2024
Next Earnings (Confirmed)
5/15/2024
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
24
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
+148.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-13,890,000.00
Pretax Margin
-30.31%

Debt

Sales & Book Value

Annual Sales
$44.92 million
Book Value
$1.74 per share

Miscellaneous

Free Float
48,418,000
Market Cap
$182.28 million
Optionable
Optionable
Beta
4.85
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BTBT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bit Digital stock right now?

2 Wall Street research 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 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 brokerages have issued 1 year target prices for Bit Digital's stock. Their BTBT share price targets range from $5.00 to $6.00. On average, they anticipate the company's share price to reach $5.50 in the next twelve months. This suggests a possible upside of 145.5% 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 beginning of 2024. Since then, BTBT stock has decreased by 47.0% and is now trading at $2.24.
View the best growth stocks for 2024 here
.

When is Bit Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 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 Thursday, May 16th 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) announced its earnings results on Monday, March, 18th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company earned $16.05 million during the quarter, compared to analysts' expectations of $12.06 million. Bit Digital had a negative trailing twelve-month return on equity of 6.20% and a negative net margin of 30.93%.

Who are Bit Digital's major shareholders?

Bit Digital's stock is owned by a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (6.06%), Mirae Asset Global Investments Co. Ltd. (2.32%), IMC Chicago LLC (0.00%), Susquehanna Portfolio Strategies LLC (0.08%), Mitsubishi UFJ Asset Management Co. Ltd. (0.06%) and SG Americas Securities LLC (0.03%).

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 5/14/2024 by MarketBeat.com Staff

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