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The closing price of Bit Digital Inc (NASDAQ: BTBT) was $2.20 for the day, up 2.33% from the previous closing price of $2.15. In other words, the price has increased by $2.33 from its previous closing price. On the day, 4.63 million shares were traded. BTBT stock price reached its highest trading level at $2.25 during the session, while it also had its lowest trading level at $2.17.
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 3.04 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 259870608 and an Enterprise Value of 234447344. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.79 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 5.22 whereas that against EBITDA is -19.047.
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 $1.76. The 50-Day Moving Average of the stock is -6.30%, while the 200-Day Moving Average is calculated to be -18.10%.
Shares Statistics:
BTBT traded an average of 7.69M shares per day over the past three months and 6133190 shares per day 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 34.24% stake in the company. Shares short for BTBT as of 1713139200 were 20748638 with a Short Ratio of 2.70, compared to 1710460800 on 15912291. Therefore, it implies a Short% of Shares Outstanding of 20748638 and a Short% of Float of 17.76.
Earnings Estimates
A detailed examination of Bit Digital Inc (BTBT) is currently in progress, with 4.0 analysts providing valuable insights into its market dynamics.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 3.0 analysts recommending between $0.29 and -$0.16.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. 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 $7.75MFor the next quarter, 4 analysts are estimating revenue of $28.71M. 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 $44.92MBased 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.
