Bit Digital Inc (NASDAQ:BTBT) has seen 15.76 million shares traded in the last trading session. The company, currently valued at $491.62M, closed the last trade at $3.56 per share which meant it lost -$0.25 on the day or -6.56% during that session. The BTBT stock price is -48.03% off its 52-week high price of $5.27 and 50.56% above the 52-week low of $1.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.59 million shares traded. The 3-month trading volume is 10.09 million shares.
The consensus among analysts is that Bit Digital Inc (BTBT) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.02.
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Bit Digital Inc (NASDAQ:BTBT) trade information
Sporting -6.56% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BTBT stock price touched $3.56 or saw a rise of 22.27%. Year-to-date, Bit Digital Inc shares have moved -15.84%, while the 5-day performance has seen it change -9.41%. Over the past 30 days, the shares of Bit Digital Inc (NASDAQ:BTBT) have changed 6.27%. Short interest in the company has seen 26.48 million shares shorted with days to cover at 3.14.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 45.23% from current levels. The projected low price target is $6.0 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -96.63% off the targeted high while a plunge would see the stock gain -68.54% from current levels.
Bit Digital Inc (BTBT) estimates and forecasts
Figures show that Bit Digital Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 61.82% over the past 6 months, with this year growth rate of 262.50%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be 163.60%.
5 analysts offering their estimates for the company have set an average revenue estimate of 25.93M for the current quarter. 5 have an estimated revenue figure of 33.22M for the next ending quarter. Year-ago sales stood 11.56M and 16.05M respectively for this quarter and the next, and analysts expect sales will grow by 124.30% for the current quarter and 163.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.79% over the past 5 years.
BTBT Dividends
Bit Digital Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 11.07 million shares worth more than $35.2 million. As of 2024-06-30, BLACKROCK INC. held 9.6597% of shares outstanding.
The other major institutional holder is INVESCO LTD., with the holding of over 9.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $30.25 million and represent 8.3001% of shares outstanding.
