Bit Digital Inc (NASDAQ:BTBT)’s traded shares stood at 39.37 million during the last session. At the close of trading, the stock’s price was $4.64, to imply a decrease of -15.94% or -$0.88 in intraday trading. The BTBT share’s 52-week high remains $5.74, putting it -23.71% down since that peak but still an impressive 62.07% since price per share fell to its 52-week low of $1.76. The company has a valuation of $685.75M, with an average of 20.65 million shares in intraday trading volume over the past 10 days and average of 11.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bit Digital Inc (BTBT), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give BTBT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Bit Digital Inc (NASDAQ:BTBT) trade information
After registering a -15.94% downside in the last session, Bit Digital Inc (BTBT) has traded red over the past five days. The 5-day price performance for the stock is 13.17%, and 30.34% over 30 days. With these gigs, the year-to-date price performance is 9.69%. Short interest in Bit Digital Inc (NASDAQ:BTBT) saw shorts transact 25.69 million shares and set a 2.64 days time to cover.
The extremes give us $6 and $7 for target low and target high price respectively. As such, BTBT has been trading -50.86% off suggested target high and -29.31% from its likely low.
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 95.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 262.50% against 19.80%. Revenue is forecast to grow 75.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 163.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 25.94M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 33.22M.Earnings reports from the last fiscal year show that sales brought in 11.56M and 16.05M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 124.40% before jumping 106.90% in the following quarter.
BTBT Dividends
Bit Digital Inc has its next earnings report out in December. 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.
The next major institution holding the largest number of shares is INVESCO LTD. with 9.51 million shares, or about 8.3001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $30.25 million.
