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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

$2.87
+0.37 (+14.80%)
(As of 03/28/2024 ET)
Today's Range
$2.53
$2.96
50-Day Range
$2.10
$3.37
52-Week Range
$1.36
$5.27
Volume
16.96 million shs
Average Volume
8.63 million shs
Market Capitalization
$236.72 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.50

Bit Digital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
91.6% Upside
$5.50 Price Target
Short Interest
Healthy
19.29% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of Bit Digital in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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 stars

Business Services Sector

157th out of 310 stocks

Nondepository Credit Institutions Industry

22nd out of 45 stocks

BTBT stock logo

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.

BTBT Stock Price History

BTBT Stock News Headlines

Here's Why Bitcoin Miners Stopped Rising With Bitcoin Prices
Prior 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.
Here’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 bitcoin
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Bit Digital: Q4 Earnings Insights
Bit Digital FY 2023 Earnings Preview
BTBT Mar 2024 4.000 put
BTBT Mar 2024 4.000 call
BTBT Mar 2024 6.000 put
Bit Digital's Earnings Outlook
BTBT Aug 2024 2.500 call
See More Headlines
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Company Calendar

Last Earnings
8/15/2023
Today
3/28/2024
Next Earnings (Estimated)
6/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BTBT
Fax
N/A
Employees
18
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-13,890,000.00
Pretax Margin
-30.31%

Debt

Sales & Book Value

Annual Sales
$44.92 million
Cash Flow
$0.01 per share
Book Value
$1.74 per share

Miscellaneous

Free Float
48,418,000
Market Cap
$236.72 million
Optionable
Optionable
Beta
4.75
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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%.

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

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