Bit Digital Inc (NASDAQ:BTBT) has seen 9.15 million shares traded in the recent trading session. The company, currently valued at $490.46M, closed the recent trade at $3.19 per share which meant it lost -$0.5 on the day or -13.41% during that session. The BTBT stock price is -79.94% off its 52-week high price of $5.74 and 44.83% 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 16.46 million shares traded. The 3-month trading volume is 19.22 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.
Bit Digital Inc (NASDAQ:BTBT) trade information
Sporting -13.41% in the red today, 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 $3.19 or saw a rise of 18.62%. Year-to-date, Bit Digital Inc shares have moved 9.04%, while the 5-day performance has seen it change -13.18%. Over the past 30 days, the shares of Bit Digital Inc (NASDAQ:BTBT) have changed 0.47%. Short interest in the company has seen 25.69 million shares shorted with days to cover at 2.64.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 50.92% from the levels at last check today. 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 latest price level in today’s session is -119.44% off the targeted high while a plunge would see the stock gain -88.09% from the levels at last check today.
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 lost -9.49% over the past 6 months, with this year growth rate of 75.00%, compared to 15.10% for the industry.
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 in February 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.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and iShares Russell 2000 ETF. As of Nov 30, 2024 , the former fund manager holds about 4.01% shares in the company for having 3.3 shares of worth $10.36 million while later fund manager owns 3.14 shares of worth $9.86 million as of Oct 31, 2024 , which makes it owner of about 3.81% of company’s outstanding stock.
