In last trading session, Bit Digital Inc (NASDAQ:BTBT) saw 61.01 million shares changing hands with its beta currently measuring 4.88. Company’s recent per share price level of $4.01 trading at $0.08 or 2.04% at ring of the bell on the day assigns it a market valuation of $1.28B. That closing price of BTBT’s stock is at a discount of -43.14% from its 52-week high price of $5.74 and is indicating a premium of 57.86% from its 52-week low price of $1.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 82.09 million shares which gives us an average trading volume of 29.08 million if we extend that period to 3-months.
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 -0.01 in the current quarter.
Bit Digital Inc (NASDAQ:BTBT) trade information
Bit Digital Inc’s shares saw a change of -4.52% in year-to-date performance and have moved 15.56% in past 5-day. Bit Digital Inc (NASDAQ:BTBT) showed a performance of 53.05% in past 30-days. Number of shares sold short was 27.34 million shares which calculate 1.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 38.31% to its current value. 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 -49.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -49.63% for stock’s current value.
Bit Digital Inc (BTBT) estimates and forecasts
This year revenue growth is estimated to rise 17.90% 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 27.46M for the same. And 5 analysts are in estimates of company making revenue of 34.81M in the next quarter. Company posted 28.95M and 22.71M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -250.88% while estimates for its earnings growth in next 5 years are of -3.64%.
Bit Digital Inc (NASDAQ:BTBT)’s Major holders
Insiders are in possession of 1.41% of company’s total shares while institution are holding 25.97 percent of that, with stock having share float percentage of 26.34%. Investors also watch the number of corporate investors in a company very closely, which is 25.97% institutions for Bit Digital Inc that are currently holding shares of the company. 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 8.6444 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 Trust-iShares Russell 2000 ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF are the top two Mutual Funds which own company’s shares. As of May 31, 2025 , the former fund manager was holding 3.3 shares of worth $13.22 million or 1.58% of the total outstanding shares. The later fund manager was in possession of 2.59 shares on Mar 31, 2025 , making its stake of worth around $10.37 million in the company or a holder of 1.24% of company’s stock.