In Thursday’s Wall Street session, Bit Digital Inc (NASDAQ:BTBT) shares traded at $1.78, up 1.14% from the previous session.
BTBT stock price is now -25.35% away from the 50-day moving average and -45.94% away from the 200-day moving average. The market capitalization of the company currently stands at $325.31M.
With the price target of $6, Craig Hallum recently initiated with Buy rating for Bit Digital Inc (NASDAQ: BTBT). On October 24, 2024, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Northland Capital’ rates the stock as ‘Outperform’
A total of 2.17% of the company’s stock is owned by insiders.
During the past 12 months, Bit Digital Inc has had a low of $1.69 and a high of $5.74. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 5.38, and a quick ratio of 5.38. According to the stock market information, the enterprise value for the company is $252389216, which is based on a 7.34 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 5.17. The fifty day moving average price for BTBT is $2.3845 and a two-hundred day moving average price translates $3.292575 for the stock.
The latest earnings results from Bit Digital Inc (NASDAQ: BTBT) was released for 2024-12-31. The net profit margin was 26.20% and return on equity was 9.19% for BTBT. The company reported revenue of $26.1 million for the quarter, compared to $16.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 62.6 percent. For the current quarter, analysts expect BTBT to generate $24.89M in revenue.
