In the last trading session, 18.88 million shares of the Bit Digital Inc (NASDAQ:BTBT) were traded. Most recently the company’s share price was $4.27, and it changed around -$0.11 or -2.51% from the last close, which brings the market valuation of the company to $615.22M. BTBT currently trades at a discount to its 52-week high of $5.74, offering almost -34.43% off that amount. The share price’s 52-week low was $1.76, which indicates that the current value has risen by an impressive 58.78% since then. We note from Bit Digital Inc’s average daily trading volume that its 10-day average is 24.64 million shares, with the 3-month average coming to 11.97 million.
Bit Digital Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BTBT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT has showed a red trend with a performance of -2.51% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.74 on recent trading dayincreased the stock’s daily price by 25.61%. The company’s shares are currently up 0.95% year-to-date, but still down -0.47% over the last five days. On the other hand, Bit Digital Inc (NASDAQ:BTBT) is 10.05% up in the 30-day period. We can see from the shorts that 25.69 million shares have been sold at a short interest cover period of 2.64 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 34.31% from its current value. Analyst projections state that BTBT is forecast to be at a low of $6 and a high of $7.
Bit Digital Inc (BTBT) estimates and forecasts
Bit Digital Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 96.77 percent over the past six months and at a 262.50% annual growth rate that is well above the industry average of 19.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.79%.
BTBT Dividends
Bit Digital Inc’s next quarterly earnings report is expected to be released in December.
INVESCO LTD., with 8.3001% or 9.51 million shares worth $30.25 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
