As of close of business last night, Bit Digital Inc’s stock clocked out at $2.21, up 5.24% from its previous closing price of $2.10. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 9232409 shares were traded.
Ratios:
To gain a deeper understanding of BTBT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.31 and its Current Ratio is at 10.31. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on February 13, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
On September 23, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $14.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTBT now has a Market Capitalization of 237.32M and an Enterprise Value of 224.02M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.49 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 6.11 whereas that against EBITDA is -18.01.
Stock Price History:
Over the past 52 weeks, BTBT has reached a high of $5.27, while it has fallen to a 52-week low of $1.12. The 50-Day Moving Average of the stock is 2.7750, while the 200-Day Moving Average is calculated to be 2.9310.
Shares Statistics:
It appears that BTBT traded 9.67M shares on average per day over the past three months and 7.43M shares per day over the past ten days. A total of 85.03M shares are outstanding, with a floating share count of 84.62M. Insiders hold about 0.48% of the company’s shares, while institutions hold 43.88% stake in the company. Shares short for BTBT as of Feb 29, 2024 were 16.12M with a Short Ratio of 1.67, compared to 12.86M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.08% and a Short% of Float of 15.11%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0 and a low estimate of -$0.08, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.03, with high estimates of $0.04 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.12 and -$0.22 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.12, with 4 analysts recommending between $0.14 and -$0.34.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $13.18M. It ranges from a high estimate of $16.54M to a low estimate of $9.5M. As of the current estimate, Bit Digital Inc’s year-ago sales were $7.78M, an estimated increase of 69.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $22.23M, an increase of 186.80% over than the figure of $69.50% in the same quarter last year. There is a high estimate of $23.16M for the next quarter, whereas the lowest estimate is $21.31M.
A total of 4 analysts have provided revenue estimates for BTBT’s current fiscal year. The highest revenue estimate was $45.4M, while the lowest revenue estimate was $38.3M, resulting in an average revenue estimate of $42.03M. In the same quarter a year ago, actual revenue was $32.3M, up 30.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $95.15M in the next fiscal year. The high estimate is $105M and the low estimate is $87.5M. The average revenue growth estimate for next year is up 126.40% from the average revenue estimate for this year.
