During the last session, Bit Digital Inc (NASDAQ:BTBT)’s traded shares were 23.76 million. At the end of the trading day, the stock’s price was $3.99, reflecting an intraday loss of -1.48% or -$0.06. The 52-week high for the BTBT share is $5.74, that puts it down -43.86 from that peak though still a striking 55.89% gain since the share price plummeted to a 52-week low of $1.76. The company’s market capitalization is $612.50M, and the average intraday trading volume over the past 10 days was 26.74 million shares, and the average trade volume was 12.32 million shares over the past three months.

Bit Digital Inc (BTBT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BTBT has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.

Bit Digital Inc (NASDAQ:BTBT) trade information

Bit Digital Inc (BTBT) registered a -1.48% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.48% in intraday trading to $3.99, hitting a weekly high. The stock’s 5-day price performance is -8.90%, and it has moved by 3.10% in 30 days. Based on these gigs, the overall price performance for the year is 79.73%. The short interest in Bit Digital Inc (NASDAQ:BTBT) is 25.69 million shares and it means that shorts have 2.64 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.5, which implies an increase of 38.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $7 respectively. As a result, BTBT is trading at a discount of -75.44% off the target high and -50.38% off the low.

Bit Digital Inc (BTBT) estimates and forecasts

Statistics show that Bit Digital Inc has outperformed its competitors in share price, compared to the industry in which it operates. Bit Digital Inc (BTBT) shares have gone up 67.65% during the last six months, with a year-to-date growth rate more than the industry average at 112.50% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -125.00% this quarter and then drop -79.88% in the quarter after that. In the rating firms’ projections, revenue will increase 134.65% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.35M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 34.33M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 16.05M and 30.3M respectively. In this case, analysts expect current quarter sales to grow by 51.66% and then jump by 13.29% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.79%. While earnings are projected to return -43.06% in 2024.

BTBT Dividends

Bit Digital Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 9.51 million shares, is of INVESCO LTD.’s that is approximately 8.3001% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $30.25 million.