In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Bit Digital Inc (NASDAQ: BTBT) closed at $1.98 up 2.59% from its previous closing price of $1.93. In other words, the price has increased by $2.59 from its previous closing price. On the day, 5.08 million shares were traded. BTBT stock price reached its highest trading level at $2.04 during the session, while it also had its lowest trading level at $1.935.
Ratios:
For a deeper understanding of Bit Digital Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.04 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 233883536 and an Enterprise Value of 210843136. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.21 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 4.694 whereas that against EBITDA is -17.129.
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 $1.61. The 50-Day Moving Average of the stock is -21.13%, while the 200-Day Moving Average is calculated to be -28.90%.
Shares Statistics:
For the past three months, BTBT has traded an average of 7.58M shares per day and 5383970 over the past ten days. A total of 118.12M shares are outstanding, with a floating share count of 117.38M. Insiders hold about 0.63% of the company’s shares, while institutions hold 31.61% stake in the company. Shares short for BTBT as of 1711584000 were 18130130 with a Short Ratio of 2.39, compared to 1709164800 on 16119694. Therefore, it implies a Short% of Shares Outstanding of 18130130 and a Short% of Float of 15.52.
Earnings Estimates
The stock of Bit Digital Inc (BTBT) is currently being evaluated by 4 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.06 and a low estimate of -$0.07, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.02, with high estimates of $0.09 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.22 and -$0.23 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.07, with 3 analysts recommending between $0.29 and -$0.16.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $27.73M this quarter.It ranges from a high estimate of $32.7M to a low estimate of $23.5M. As of the current estimate, Bit Digital Inc’s year-ago sales were $7.75M, an estimated increase of 257.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $28.71M, an increase of 217.70% less than the figure of $257.80% in the same quarter last year. There is a high estimate of $38.5M for the next quarter, whereas the lowest estimate is $20M.
A total of 4 analysts have provided revenue estimates for BTBT’s current fiscal year. The highest revenue estimate was $129M, while the lowest revenue estimate was $90M, resulting in an average revenue estimate of $108.79M. In the same quarter a year ago, actual revenue was $44.92M, up 142.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $135.69M in the next fiscal year. The high estimate is $150M and the low estimate is $114.18M. The average revenue growth estimate for next year is up 24.70% from the average revenue estimate for this year.
