Bit Digital Inc (NASDAQ:BTBT)’s traded shares stood at 16.93 million during the last session. At the close of trading, the stock’s price was $2.87, to imply an increase of 14.80% or $0.37 in intraday trading. The BTBT share’s 52-week high remains $5.27, putting it -83.62% down since that peak but still an impressive 55.4% since price per share fell to its 52-week low of $1.28. The company has a valuation of $339.00M, with an average of 9.08 million shares in intraday trading volume over the past 10 days and average of 8.99 million shares over the past 3 months.
Bit Digital Inc (NASDAQ:BTBT) trade information
After registering a 14.80% upside in the last session, Bit Digital Inc (BTBT) has traded red over the past five days. The stock hit a weekly high of 2.96, jumping 14.80% in its intraday price action. The 5-day price performance for the stock is 12.11%, and 2.87% over 30 days. With these gigs, the year-to-date price performance is -32.15%. Short interest in Bit Digital Inc (NASDAQ:BTBT) saw shorts transact 15.91 million shares and set a 1.77 days time to cover.
Bit Digital Inc (BTBT) estimates and forecasts
Looking at statistics comparing Bit Digital Inc share performance against respective industry, we note that the company has outperformed competitors. Bit Digital Inc (BTBT) shares are 38.65% up over the last 6 months, with its year-to-date growth rate higher than industry average at 112.50% against 16.90%. Revenue is forecast to grow 133.30% this quarter before jumping 166.70% for the next one. The rating firms project that company’s revenue will grow 142.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $27.73 million. Meanwhile, for the quarter ending Jun 2024, a total of 4 analyst(s) estimate revenue growth to $28.71 million.Earnings reports from the last fiscal year show that sales brought in $7.75 million and $9.04 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 257.80% before jumping 217.70% in the following quarter.
BTBT Dividends
Bit Digital Inc has its next earnings report out between June 10 and June 14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bit Digital Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
Bit Digital Inc insiders hold 0.51% of total outstanding shares, with institutional holders owning 42.95% of the shares at 43.17% float percentage. In total, 42.95% institutions holds shares in the company, led by Invesco Ltd.. As of Dec 30, 2023, the company held over 7.43 million shares (or 9.00% of shares), all amounting to roughly $21.31 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 7.4 million shares, or about 8.97% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $21.23 million.
We also have iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF as the top two Mutual Funds with the largest holdings of the Bit Digital Inc (BTBT) shares. Going by data provided on Jan 30, 2024, iShares Russell 2000 ETF holds roughly 2.24 million shares. This is just over 2.71% of the total shares, with a market valuation of $6.42 million. Data from the same date shows that the other fund manager holds a little less at 1.95 million, or 2.36% of the shares, all valued at about 5.59 million.
