In recent trading session, Bit Digital Inc (NASDAQ:BTBT) saw 3.05 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $2.94 trading at -$0.06 or -2.12% at last check today assigns it a market valuation of $450.75M. That most recent trading price of BTBT’s stock is at a discount of -95.24% from its 52-week high price of $5.74 and is indicating a premium of 40.14% from its 52-week low price of $1.76.
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.
Bit Digital Inc (NASDAQ:BTBT) trade information
Upright in the red during last session for losing -2.12%, in the last five days BTBT remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $2.94 price level, adding 8.13% to its value on the day. Bit Digital Inc’s shares saw a change of 0.22% in year-to-date performance and have moved -4.67% in past 5-day. Bit Digital Inc (NASDAQ:BTBT) showed a performance of -20.64% in past 30-days.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 54.77% to its recent value today. 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 -104.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -104.08% for stock’s current value.
Bit Digital Inc (BTBT) estimates and forecasts
This year revenue growth is estimated to rise 138.25% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25.06M for the same. And 3 analysts are in estimates of company making revenue of 32.54M 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. In 2025, company’s earnings growth rate is likely to be around -141.67% while estimates for its earnings growth in next 5 years are of 34.20%.
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 7.4277 of outstanding shares, having a total worth of $30.25 million.
On the other hand, iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 3.41 shares of worth $10.11 million or 4.13% of the total outstanding shares. The later fund manager was in possession of 3.3 shares on Nov 30, 2024, making its stake of worth around $9.8 million in the company or a holder of 4.01% of company’s stock.
