In the last trading session, 15.52 million Bit Digital Inc (NASDAQ:BTBT) shares changed hands as the company’s beta touched 5.38. With the company’s per share price at $2.47 changed hands at -$0.04 or -1.59% during last session, the market valuation stood at $513.22M. BTBT’s last price was a discount, traded about -132.39% off its 52-week high of $5.74. The share price had its 52-week low at $1.69, which suggests the last value was 31.58% 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 -0.01.
Bit Digital Inc (NASDAQ:BTBT) trade information
Instantly BTBT was in red as seen at the end of in last trading. With action 10.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.70%, with the 5-day performance at 10.27% in the green. However, in the 30-day time frame, Bit Digital Inc (NASDAQ:BTBT) is 40.34% up.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 62.0% from its current 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 -183.4% plunge from its current level, while the stock would need to soar -142.91% for it to hit the projected low.
Bit Digital Inc (BTBT) estimates and forecasts
Year-over-year growth is forecast to reach 22.42% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 28.58M. 4 analysts are of the opinion that Bit Digital Inc’s revenue for the current quarter will be 36.92M. The company’s revenue for the corresponding quarters a year ago was 28.95M and 22.71M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.26%. The estimates for the next quarter sales put growth at 62.57%.
The 2025 estimates are for Bit Digital Inc earnings to decrease by -211.40%, but the outlook for the next 5-year period is at 11.02% per year.
BTBT Dividends
Bit Digital Inc is expected to release its next quarterly earnings report in June.
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 Mar 31, 2025 were iShares Trust-iShares Russell 2000 ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . With 3.35 shares estimated at $8.28 million under it, the former controlled 1.61% of total outstanding shares. On the other hand, Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF held about 1.38% of the shares, roughly 2.87 shares worth around $7.09 million.
