Bit Digital Inc (NASDAQ:BTBT)’s traded shares stood at 4.8 million during the last session. At the last check today, the stock’s price was $3.20, to imply an increase of 3.72% or $0.11 in intraday trading. The BTBT share’s 52-week high remains $5.74, putting it -79.38% down since that peak but still an impressive 45.0% since price per share fell to its 52-week low of $1.76. The company has a valuation of $491.99M, with an average of 18.39 million shares in intraday trading volume over the past 10 days and average of 19.81 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bit Digital Inc (BTBT), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give BTBT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
Bit Digital Inc (NASDAQ:BTBT) trade information
After registering a 3.72% upside in the latest session, Bit Digital Inc (BTBT) has traded red over the past five days. The 5-day price performance for the stock is 1.75%, and -11.46% over 30 days. With these gigs, the year-to-date price performance is 9.39%. Short interest in Bit Digital Inc (NASDAQ:BTBT) saw shorts transact 25.69 million shares and set a 2.64 days time to cover.
The extremes give us $6 and $7 for target low and target high price respectively. As such, BTBT has been trading -118.75% off suggested target high and -87.5% from its likely low.
Bit Digital Inc (BTBT) estimates and forecasts
Looking at statistics comparing Bit Digital Inc share performance against respective industry, we note that the company has outperformed competitors. Bit Digital Inc (BTBT) shares are 20.49% up over the last 6 months, with its year-to-date growth rate higher than industry average at 75.00% against 13.60%. The rating firms project that company’s revenue will grow 138.11% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 25M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 32.54M.Earnings reports from the last fiscal year show that sales brought in 16.05M and 30.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 55.74% before jumping 7.38% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.79% for the past 5-year period. While 2025 is set for a -141.67% return in earnings, projections for the next 5 years are at 34.20% annually.
BTBT Dividends
Bit Digital Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is INVESCO LTD. with 9.51 million shares, or about 8.3001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $30.25 million.
We also have iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF as the top two Mutual Funds with the largest holdings of the Bit Digital Inc (BTBT) shares. Going by data provided on Nov 30, 2024 , iShares Russell 2000 ETF holds roughly 3.41 shares. This is just over 4.13% of the total shares, with a market valuation of $10.79 million. Data from the same date shows that the other fund manager holds a little less at 3.3, or 4.01% of the shares, all valued at about 10.46 million.
