Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Bit Digital Inc (NASDAQ: BTBT) closed the day trading at $2.78 down -3.47% from the previous closing price of $2.88. In other words, the price has decreased by -$3.47 from its previous closing price. On the day, 19.2 million shares were traded. BTBT stock price reached its highest trading level at $2.87 during the session, while it also had its lowest trading level at $2.72.
Ratios:
For a better understanding of BTBT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.80 and its Current Ratio is at 7.80. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, Craig Hallum on January 21, 2025, initiated with a Buy rating and assigned the stock a target price of $6.
On October 24, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6. On February 13, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.Northland Capital initiated its Outperform rating on February 13, 2024, with a $6 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 25 ’25 when Pierce Brock Jeffrey bought 500,000 shares for $2.00 per share. The transaction valued at 1,000,000 led to the insider holds 500,000 shares of the business.
Tabar Samir bought 750,000 shares of BTBT for $1,500,000 on Jun 25 ’25. The Chief Executive Officer now owns 2,108,089 shares after completing the transaction at $2.00 per share.
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 925726144 and an Enterprise Value of 764851072. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.97 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 7.773 whereas that against EBITDA is -41.025.
Stock Price History:
The Beta on a monthly basis for BTBT is 4.78, which has changed by -0.20797724 over the last 52 weeks, in comparison to a change of 0.14460516 over the same period for the S&P500. Over the past 52 weeks, BTBT has reached a high of $5.74, while it has fallen to a 52-week low of $1.69. The 50-Day Moving Average of the stock is -6.09%, while the 200-Day Moving Average is calculated to be -6.21%.
Shares Statistics:
Over the past 3-months, BTBT traded about 37.89M shares per day on average, while over the past 10 days, BTBT traded about 21459910 shares per day. A total of 321.43M shares are outstanding, with a floating share count of 309.16M. Insiders hold about 3.82% of the company’s shares, while institutions hold 38.49% stake in the company. Shares short for BTBT as of 1753920000 were 39612397 with a Short Ratio of 1.05, compared to 1751241600 on 28794714. Therefore, it implies a Short% of Shares Outstanding of 39612397 and a Short% of Float of 12.6.
Earnings Estimates
The market rating of Bit Digital Inc (BTBT) is currently shaped by the ongoing analysis conducted by 1.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.0, with high estimates of $0.0 and low estimates of $0.0.
Analysts are recommending an EPS of between -$0.19 and -$0.19 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is $0.03, with 1.0 analysts recommending between $0.03 and $0.03.
Revenue Estimates
4 analysts predict $32.16M in revenue for the current quarter. It ranges from a high estimate of $33.41M to a low estimate of $30.3M. As of the current estimate, Bit Digital Inc’s year-ago sales were $22.71MFor the next quarter, 4 analysts are estimating revenue of $37.96M. There is a high estimate of $45.14M for the next quarter, whereas the lowest estimate is $31.8M.
A total of 4 analysts have provided revenue estimates for BTBT’s current fiscal year. The highest revenue estimate was $129.27M, while the lowest revenue estimate was $112.3M, resulting in an average revenue estimate of $120.73M. In the same quarter a year ago, actual revenue was $108.05MBased on 4 analysts’ estimates, the company’s revenue will be $172.04M in the next fiscal year. The high estimate is $244.65M and the low estimate is $121M.
