Stocks of Bit Digital Inc. (NASDAQ:BTBT) traded higher last session on Wall Street, up 5.63% to $0.57.
According to the data, Bit Digital Inc. (NASDAQ:BTBT) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.54, this indicates a potential upside of 270.37 percent. BTBT stock price is now -36.81% away from the 50-day moving average and -64.98% away from the 200-day moving average. The market capitalization of the company currently stands at $48.50M.
A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
With the price target of $14, H.C. Wainwright recently initiated with Buy rating for Bit Digital Inc. (NASDAQ: BTBT). .
A total of 8.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BTBT stock. A new stake in Bit Digital Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $42,000. INTRINSIC EDGE CAPITAL MANAGEMENT LLC invested $29,000 in shares of BTBT during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in Bit Digital Inc. valued at approximately $16,000. FINANCIAL ADVOCATES INVESTMENT MANAGEMENT acquired a new stake in BTBT for approximately $10,000. QCM CAYMAN, LTD. purchased a new stake in BTBT valued at around $6,000 in the second quarter. In total, there are 77 active investors with 8.30% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $0.5390 for Bit Digital Inc. (NASDAQ: BTBT). During the past 12 months, Bit Digital Inc. has had a low of $0.53 and a high of $6.64. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 19.80, and a quick ratio of 19.80. The fifty day moving average price for BTBT is $0.9023 and a two-hundred day moving average price translates $1.6279 for the stock.
The latest earnings results from Bit Digital Inc. (NASDAQ: BTBT) was released for Jun, 2022. According to the Capital Markets Company, earnings per share came in at -$0.23, missing analysts’ expectations of $0.01 by -0.24. This compares to -$0.37 EPS in the same period last year. The company reported revenue of $9.13 million for the quarter, compared to $10.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.17 percent. For the current quarter, analysts expect BTBT to generate $16M in revenue.
Bit Digital Inc.(BTBT) Company Profile
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.