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The closing price of Bit Digital Inc (NASDAQ: BTBT) was $2.38 for the day, up 0.85% from the previous closing price of $2.36. In other words, the price has increased by $0.85 from its previous closing price. On the day, 14.84 million shares were traded.
Ratios:
Our analysis of BTBT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.88 and its Current Ratio is at 3.88. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.81 while its Price-to-Book (P/B) ratio in mrq is 1.07.
Stock Price History:
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 11.94%, while the 200-Day Moving Average is calculated to be -23.14%.
Shares Statistics:
A total of 207.78M shares are outstanding, with a floating share count of 203.26M. Insiders hold about 2.17% of the company’s shares, while institutions hold 31.43% stake in the company.
Earnings Estimates
The performance of Bit Digital Inc (BTBT) in the stock market is under the watchful eye of 1.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is $0.01, with high estimates of $0.01 and low estimates of $0.01.
Analysts are recommending an EPS of between -$0.23 and -$0.23 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is $0.07, with 1.0 analysts recommending between $0.07 and $0.07.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $33.2M to a low estimate of $25.96M. As of the current estimate, Bit Digital Inc’s year-ago sales were $28.95MFor the next quarter, 5 analysts are estimating revenue of $38.77M. There is a high estimate of $46.2M for the next quarter, whereas the lowest estimate is $33.7M.
A total of 5 analysts have provided revenue estimates for BTBT’s current fiscal year. The highest revenue estimate was $163M, while the lowest revenue estimate was $120.2M, resulting in an average revenue estimate of $138.42M. In the same quarter a year ago, actual revenue was $108.05MBased on 4 analysts’ estimates, the company’s revenue will be $195.13M in the next fiscal year. The high estimate is $245.9M and the low estimate is $146.5M.
