In the latest trading session, 6.48 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 $2.59 changed hands at -$0.12 or -4.61% at last look, the market valuation stands at $396.82M. BTBT’s current price is a discount, trading about -121.62% 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 32.05% up since then.
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’s EPS for the current quarter is expected to be -0.03.
Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT was in red as seen in intraday trades today. With action -17.15%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.77%, with the 5-day performance at -17.15% in the red. However, in the 30-day time frame, Bit Digital Inc (NASDAQ:BTBT) is -29.18% down.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 60.15% 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 -170.27% plunge from its current level, while the stock would need to soar -131.66% for it to hit the projected low.
Bit Digital Inc (BTBT) estimates and forecasts
Year-over-year growth is forecast to reach 138.25% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 25.06M. 3 analysts are of the opinion that Bit Digital Inc’s revenue for the current quarter will be 32.54M. The company’s revenue for the corresponding quarters a year ago was 16.05M and 30.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 56.11%. The estimates for the next quarter sales put growth at 7.38%.
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%, but the outlook for the next 5-year period is at 34.20% per year.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
INVESCO LTD. holds the second largest percentage of outstanding shares, with 7.4277% 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 $8.73 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 $8.46 million.
