The price of Bit Digital Inc (NASDAQ:BTBT) shares last traded on Wall Street rose 8.96% to $2.19.
BTBT stock price is now -3.85% away from the 50-day moving average and -27.69% away from the 200-day moving average. The market capitalization of the company currently stands at $620.93M.
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’
In other news, Pierce Brock Jeffrey, Director bought 500,000 shares of the company’s stock on Jun 25 ’25. The stock was bought for $1,000,000 at an average price of $2.00. Upon completion of the transaction, the Director now directly owns 500,000 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’25, Chief Executive Officer Tabar Samir bought 750,000 shares of the business’s stock. A total of $1,500,000 was incurred on buying the stock at an average price of $2.00. This leaves the insider owning 2,108,089 shares of the company worth $4.62 million. A total of 3.02% 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 3.88, and a quick ratio of 3.88. The fifty day moving average price for BTBT is $2.2778 and a two-hundred day moving average price translates $3.028725 for the stock.
The latest earnings results from Bit Digital Inc (NASDAQ: BTBT) was released for 2025-03-31. The net profit margin was -77.27% and return on equity was -23.29% for BTBT. The company reported revenue of $25.11 million for the quarter, compared to $30.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.38 percent.
