Stocks of Bit Digital Inc (NASDAQ:BTBT) traded higher last session on Wall Street, up 5.48% to $2.31.
According to the data, Bit Digital Inc (NASDAQ:BTBT) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. BTBT stock price is now 0.62% away from the 50-day moving average and -1.43% away from the 200-day moving average. The market capitalization of the company currently stands at $196.42M.
A total of 0 analysts have issued a hold rating and 3 have given it a buy rating.
With the price target of $14, H.C. Wainwright recently initiated with Buy rating for Bit Digital Inc (NASDAQ: BTBT).
A total of 0.48% 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 GEODE CAPITAL MANAGEMENT, LLC during the first quarter worth $2,479,000. MILLENNIUM MANAGEMENT LLC invested $1,206,000 in shares of BTBT during the first quarter. In the first quarter, NORTHERN TRUST CORP acquired a new stake in Bit Digital Inc valued at approximately $1,120,000. VANGUARD GROUP INC acquired a new stake in BTBT for approximately $1,112,000. NUVEEN ASSET MANAGEMENT, LLC purchased a new stake in BTBT valued at around $557,000 in the second quarter.
Tuesday’s opening bell rang with an opening price of $2.3700 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 $4.80. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 10.31, and a quick ratio of 10.31. The fifty day moving average price for BTBT is $2.2725 and a two-hundred day moving average price translates $2.3515 for the stock.
The latest earnings results from Bit Digital Inc (NASDAQ: BTBT) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.09 by 0.06. This compares to -$0.22 EPS in the same period last year. The net profit margin was -238.76% and return on equity was -61.95% for BTBT. The company reported revenue of $9.04 million for the quarter, compared to $6.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.62 percent. For the current quarter, analysts expect BTBT to generate $11.87M 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; and digital asset staking and digital asset mining businesses, as well as ethereum staking 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 founded in 2015 and is headquartered in New York, New York.
