In last trading session, Bit Digital Inc (NASDAQ:BTBT) saw 30.92 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $4.43 trading at $0.69 or 18.45% at ring of the bell on the day assigns it a market valuation of $805.51M. That closing price of BTBT’s stock is at a discount of -29.57% from its 52-week high price of $5.74 and is indicating a premium of 60.27% from its 52-week low price of $1.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.65 million shares which gives us an average trading volume of 13.18 million if we extend that period to 3-months.
For Bit Digital Inc (BTBT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.03 in the current quarter.
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Bit Digital Inc (NASDAQ:BTBT) trade information
Upright in the green during last session for gaining 18.45%, in the last five days BTBT remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $4.43 price level, adding 3.49% to its value on the day. Bit Digital Inc’s shares saw a change of 4.73% in year-to-date performance and have moved 9.38% in past 5-day. Bit Digital Inc (NASDAQ:BTBT) showed a performance of 0.00% in past 30-days. Number of shares sold short was 25.69 million shares which calculate 2.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 31.85% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -35.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -35.44% for stock’s current value.
Bit Digital Inc (BTBT) estimates and forecasts
Statistics highlight that Bit Digital Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 75.79% of value to its shares in past 6 months, showing an annual growth rate of 75.00% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 136.04% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 24.76M for the same. And 2 analysts are in estimates of company making revenue of 34.33M in the next quarter. Company posted 16.05M and 30.3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.79% during past 5 years.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
BLACKROCK INC. is the top institutional holder at BTBT for having 11.07 million shares of worth $35.2 million. And as of 2024-06-30, it was holding 9.6597 of the company’s outstanding shares.
The second largest institutional holder is INVESCO LTD., which was holding about 9.51 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.3001 of outstanding shares, having a total worth of $30.25 million.
On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.32 shares of worth $14.71 million or 4.02% of the total outstanding shares. The later fund manager was in possession of 3.15 shares on Aug 31, 2024 , making its stake of worth around $13.95 million in the company or a holder of 3.82% of company’s stock.
