NASDAQ:BTBT Bit Digital (BTBT) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free BTBT Stock Alerts $2.87 +0.37 (+14.80%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$2.53▼$2.9650-Day Range$2.10▼$3.3752-Week Range$1.36▼$5.27Volume16.96 million shsAverage Volume8.63 million shsMarket Capitalization$236.72 millionP/E RatioN/ADividend YieldN/APrice Target$5.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Bit Digital alerts: Email Address Bit Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside91.6% Upside$5.50 Price TargetShort InterestHealthy19.29% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.89Based on 19 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.70 out of 5 starsBusiness Services Sector157th out of 310 stocksNondepository Credit Institutions Industry22nd out of 45 stocks 3.5 Analyst's Opinion Consensus RatingBit Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.50, Bit Digital has a forecasted upside of 91.6% from its current price of $2.87.Amount of Analyst CoverageBit Digital has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted19.29% of the outstanding shares of Bit Digital have been sold short.Short Interest Ratio / Days to CoverBit Digital has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bit Digital has recently decreased by 1.30%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldBit Digital does not currently pay a dividend.Dividend GrowthBit Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BTBT. Previous Next 3.8 News and Social Media Coverage News SentimentBit Digital has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Bit Digital this week, compared to 2 articles on an average week.Search Interest40 people have searched for BTBT on MarketBeat in the last 30 days. This is an increase of 122% compared to the previous 30 days.MarketBeat Follows16 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 220% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bit Digital insiders have not sold or bought any company stock.Percentage Held by Insiders41.30% of the stock of Bit Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions47.70% of the stock of Bit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Bit Digital are expected to remain at ($0.04) per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bit Digital is -17.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bit Digital is -17.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBit Digital has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. About Bit Digital Stock (NASDAQ:BTBT)Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.Read More BTBT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BTBT Stock News HeadlinesMarch 18, 2024 | marketbeat.comHere's Why Bitcoin Miners Stopped Rising With Bitcoin PricesPrior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust NASDAQ: IBIT, traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. NASDAQ: COIN to benefit from the rise in Bitcoin prices. When the price of Bitcoin spiked, so did the stocks of Bitcoin miners in the business services sector.March 18, 2024 | marketbeat.comHere’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices (BTBT)The upcoming halving event in Bitcoin is reversing the normal positive correlation between bitcoin mining stocks and the spot price of bitcoinMarch 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 28, 2024 | msn.comBit Digital, Bitcoin Mining Stock, Sees Uptick: What’s Behind the Movement?March 27, 2024 | msn.comBitcoin Mining Stock Bit Digital Is Moving Higher: What's Going On?March 26, 2024 | prnewswire.comBit Digital, Inc. Announces Customer Proposal to Expand Existing Agreement by an Additional 2,048 GPUsMarch 23, 2024 | finance.yahoo.comAnalysts Just Made A Sizeable Upgrade To Their Bit Digital, Inc. (NASDAQ:BTBT) ForecastsMarch 23, 2024 | americanbankingnews.comNorthland Capmk Analysts Increase Earnings Estimates for Bit Digital, Inc. (NASDAQ:BTBT)March 29, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 23, 2024 | americanbankingnews.comBit Digital, Inc. (NASDAQ:BTBT) Forecasted to Post Q1 2024 Earnings of ($0.01) Per ShareMarch 23, 2024 | americanbankingnews.comBit Digital, Inc. (NASDAQ:BTBT) to Post Q1 2024 Earnings of $0.05 Per Share, HC Wainwright ForecastsMarch 22, 2024 | fool.comWhy Shares of Bit Digital Stock Were Rising This WeekMarch 21, 2024 | seekingalpha.comBit Digital, Inc. (BTBT) Q4 2023 Earnings Call TranscriptMarch 21, 2024 | americanbankingnews.comHC Wainwright Reiterates Buy Rating for Bit Digital (NASDAQ:BTBT)March 20, 2024 | markets.businessinsider.comBuy Rating Affirmed for Bit Digital on Strong Performance and Strategic ExpansionMarch 20, 2024 | finance.yahoo.comBit Digital, Inc. (NASDAQ:BTBT) Q4 2023 Earnings Call TranscriptMarch 18, 2024 | benzinga.comBit Digital: Q4 Earnings InsightsMarch 18, 2024 | investorplace.comBTBT Stock Earnings: Bit Digital Beats EPS, Beats Revenue for Q4 2023March 18, 2024 | prnewswire.comBit Digital, Inc. Announces Fiscal Year 2023 Financial ResultsMarch 17, 2024 | msn.comBit Digital FY 2023 Earnings PreviewMarch 16, 2024 | finance.yahoo.comBTBT Mar 2024 4.000 putMarch 16, 2024 | finance.yahoo.comBTBT Mar 2024 4.000 callMarch 15, 2024 | theglobeandmail.comStocks Settle Lower as Bond Yields Climb on Inflation ConcernsMarch 15, 2024 | finance.yahoo.comBTBT Mar 2024 6.000 putMarch 15, 2024 | benzinga.comBit Digital's Earnings OutlookMarch 13, 2024 | ca.finance.yahoo.comBTBT Aug 2024 2.500 callMarch 13, 2024 | prnewswire.comBit Digital, Inc. Announces Date for Fiscal Year 2023 Financial Results and Conference CallSee More Headlines Receive BTBT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bit Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/15/2023Today3/28/2024Next Earnings (Estimated)6/10/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BTBT CUSIPN/A CIK1710350 Webwww.dianniu98.com Phone(212) 463-5121FaxN/AEmployees18Year FoundedN/APrice Target and Rating Average Stock Price Target$5.50 High Stock Price Target$6.00 Low Stock Price Target$5.00 Potential Upside/Downside+91.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.16) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-13,890,000.00 Net Margins-30.93% Pretax Margin-30.31% Return on Equity-6.20% Return on Assets-5.04% Debt Debt-to-Equity RatioN/A Current Ratio3.08 Quick Ratio3.08 Sales & Book Value Annual Sales$44.92 million Price / Sales5.27 Cash Flow$0.01 per share Price / Cash Flow352.17 Book Value$1.74 per share Price / Book1.65Miscellaneous Outstanding Shares82,480,000Free Float48,418,000Market Cap$236.72 million OptionableOptionable Beta4.75 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Erke Huang (Age 35)CFO & Director Comp: $699.46kMr. William Cameron Schnier C.F.A.Head of Investor RelationsMr. Jiashu XiongExecutive DirectorKey CompetitorsBakktNYSE:BKKTOppFiNYSE:OPFIMogoNASDAQ:MOGOSOSNYSE:SOSGreen DotNYSE:GDOTView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 374,150 shares on 3/27/2024Ownership: 0.454%Quadrature Capital LtdBought 141,368 shares on 3/25/2024Ownership: 0.628%Vanguard Group Inc.Bought 121,458 shares on 3/11/2024Ownership: 0.754%Wellington Management Group LLPSold 25,690 shares on 3/5/2024Ownership: 0.043%Vima LLCBought 27,930 shares on 3/4/2024Ownership: 0.034%View All Institutional Transactions BTBT Stock Analysis - Frequently Asked Questions Should I buy or sell Bit Digital stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BTBT shares. View BTBT analyst ratings or view top-rated stocks. What is Bit Digital's stock price target for 2024? 2 analysts have issued 12-month price targets for Bit Digital's shares. Their BTBT share price targets range from $5.00 to $6.00. On average, they predict the company's stock price to reach $5.50 in the next year. This suggests a possible upside of 91.6% from the stock's current price. View analysts price targets for BTBT or view top-rated stocks among Wall Street analysts. How have BTBT shares performed in 2024? Bit Digital's stock was trading at $4.23 at the beginning of the year. Since then, BTBT stock has decreased by 32.2% and is now trading at $2.87. View the best growth stocks for 2024 here. When is Bit Digital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, June 10th 2024. View our BTBT earnings forecast. How were Bit Digital's earnings last quarter? Bit Digital, Inc. (NASDAQ:BTBT) released its quarterly earnings results on Tuesday, August, 15th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $9.04 million for the quarter, compared to analyst estimates of $9.58 million. Bit Digital had a negative trailing twelve-month return on equity of 6.20% and a negative net margin of 30.93%. What ETFs hold Bit Digital's stock? ETFs with the largest weight of Bit Digital (NASDAQ:BTBT) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Invesco Alerian Galaxy Crypto Economy ETF (SATO), VanEck Digital Transformation ETF (DAPP), Bitwise Crypto Industry Innovators ETF (BITQ), VanEck Digital Assets Mining ETF (DAM), Grayscale Future of Finance ETF (GFOF) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). Who are Bit Digital's major shareholders? Bit Digital's stock is owned by a number of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (2.59%), Mirae Asset Global Investments Co. Ltd. (2.12%), Vident Advisory LLC (1.43%), Exchange Traded Concepts LLC (1.29%), Intrinsic Edge Capital Management LLC (0.97%) and Vanguard Group Inc. (0.75%). How do I buy shares of Bit Digital? Shares of BTBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BTBT) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bit Digital, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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