In yesterday’s Wall Street session, Bit Digital Inc (NASDAQ:BTBT) shares traded at $2.07, down -7.59% from the previous session.
3 analysts cover Bit Digital Inc (NASDAQ:BTBT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.50 and a low of $3.90, we find $4.00. Given the previous closing price of $2.24, this indicates a potential upside of 78.57 percent. BTBT stock price is now -3.53% away from the 50-day moving average and -14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $176.01M.
The stock has received a hold rating from 0 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $4.13 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 0.48% of the company’s stock is owned by insiders.
On Thursday morning Bit Digital Inc (NASDAQ: BTBT) stock kicked off with the opening price of $2.2100. 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 $2.1457 and a two-hundred day moving average price translates $2.4222 for the stock.
The latest earnings results from Bit Digital Inc (NASDAQ: BTBT) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.06 by -0.02. This compares to -$0.27 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 $11.56 million for the quarter, compared to $9.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.6 percent. For the current quarter, analysts expect BTBT to generate $14.37M 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.