In the latest trading session, 7.62 million Bit Digital Inc (NASDAQ:BTBT) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $3.13 changed hands at -$0.02 or -0.48% at last look, the market valuation stands at $481.25M. BTBT’s current price is a discount, trading about -83.39% off its 52-week high of $5.74. The share price had its 52-week low at $1.76, which suggests the last value was 43.77% up since then. When we look at Bit Digital Inc’s average trading volume, we note the 10-day average is 19.07 million shares, with the 3-month average coming to 19.69 million.
Analysts gave the Bit Digital Inc (BTBT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BTBT as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT was in red as seen in intraday trades today. With action 0.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 7.00%, with the 5-day performance at 0.80% in the green. However, in the 30-day time frame, Bit Digital Inc (NASDAQ:BTBT) is 7.00% up. Looking at the short shares, we see there were 25.69 million shares sold at short interest cover period of 2.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 51.85% from its recent market value. According to analyst projections, BTBT’s forecast low is 6 with 7 as the target high. To hit the forecast high, the stock’s price needs a -123.64% plunge from its current level, while the stock would need to soar -91.69% for it to hit the projected low.
Bit Digital Inc (BTBT) estimates and forecasts
Data shows that the Bit Digital Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.33% over the past 6 months, a 75.00% in annual growth rate that is considerably higher than the industry average of 14.30%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.79%. The 2025 estimates are for Bit Digital Inc earnings to decrease by -141.67%.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
INVESCO LTD. holds the second largest percentage of outstanding shares, with 8.3001% or 9.51 million shares worth $30.25 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. With 3.41 shares estimated at $10.67 million under it, the former controlled 4.13% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held about 4.01% of the shares, roughly 3.3 shares worth around $10.34 million.
