In today’s recent session, 3.02 million shares of the Bit Digital Inc (NASDAQ:BTBT) were traded. Most recently the company’s share price was $3.04, and it changed around -$0.05 or -1.62% from the last close, which brings the market valuation of the company to $466.66M. BTBT at last check was trading at a discount to its 52-week high of $5.74, offering almost -88.82% off that amount. The share price’s 52-week low was $1.76, which indicates that the recent value has risen by an impressive 42.11% since then. We note from Bit Digital Inc’s average daily trading volume that its 10-day average is 17.76 million shares, with the 3-month average coming to 19.80 million.
Bit Digital Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BTBT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Bit Digital Inc is expected to report earnings per share of -0.03 for the current quarter.
Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT has been showing red trend so far today with a performance of -1.62% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.33 on recent trading dayincreased the stock’s daily price by 8.71%. The company’s shares are currently up 3.75% year-to-date, but still down -4.40% over the last five days. On the other hand, Bit Digital Inc (NASDAQ:BTBT) is -9.52% down in the 30-day period. We can see from the shorts that 25.69 million shares have been sold at a short interest cover period of 2.64 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 53.23% from its current value. Analyst projections state that BTBT is forecast to be at a low of $6 and a high of $7.
Bit Digital Inc (BTBT) estimates and forecasts
The year-over-year growth rate is expected to be 138.11%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 25M in revenue for the current quarter. 3 analysts expect Bit Digital Inc to make 32.54M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 16.05M and 30.3M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 55.74%. Forecasts for the next quarter put sales growth at 7.38%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.79%. Bit Digital Inc earnings are expected to increase by -141.67% in 2025, but the outlook is positive 34.20% per year for the next five years.
BTBT Dividends
Bit Digital Inc’s next quarterly earnings report is expected to be released in March.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
INVESCO LTD., with 8.3001% or 9.51 million shares worth $30.25 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF were the top two Mutual Funds as of Nov 30, 2024. The former held 3.41 shares worth $10.44 million, making up 4.13% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held roughly 3.3 shares worth around $10.11 million, which represents about 4.01% of the total shares outstanding.
