In the last trading session, 10.89 million Bit Digital Inc (NASDAQ:BTBT) shares changed hands as the company’s beta touched 0. With the company’s per share price at $4.05 changed hands at $0.17 or 4.38% during last session, the market valuation stood at $598.55M. BTBT’s last price was a discount, traded about -30.12% off its 52-week high of $5.27. The share price had its 52-week low at $1.76, which suggests the last value was 56.54% up since then. When we look at Bit Digital Inc’s average trading volume, we note the 10-day average is 9.07 million shares, with the 3-month average coming to 9.95 million.
Analysts gave the Bit Digital Inc (BTBT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BTBT as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
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Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT was in green as seen at the end of in last trading. With action 28.16%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -4.26%, with the 5-day performance at 28.16% in the green. However, in the 30-day time frame, Bit Digital Inc (NASDAQ:BTBT) is 32.79% up. Looking at the short shares, we see there were 25.94 million shares sold at short interest cover period of 2.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 42.14% from its current market value. According to analyst projections, BTBT’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -72.84% plunge from its current level, while the stock would need to soar -72.84% for it to hit the projected low.
Bit Digital Inc (BTBT) estimates and forecasts
Data shows that the Bit Digital Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 104.55% over the past 6 months, a 268.75% in annual growth rate that is considerably higher than the industry average of 19.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.79%. The 2024 estimates are for Bit Digital Inc earnings to increase by 141.67%.
BTBT Dividends
Bit Digital Inc is expected to release its next quarterly earnings report in November.
INVESCO LTD. holds the second largest percentage of outstanding shares, with 8.3001% or 9.51 million shares worth $30.25 million as of 2024-06-30.
