NASDAQ:BTBT Bit Digital (BTBT) Stock Price, News & Analysis → Nvidia needs this one obscure firm (From Porter & Company) (Ad) Free BTBT Stock Alerts $2.72 +0.11 (+4.21%) (As of 06/10/2024 ET) Add Compare Share Share Today's Range$2.55▼$2.7650-Day Range$1.81▼$2.8152-Week Range$1.76▼$5.27Volume5.48 million shsAverage Volume7.49 million shsMarket Capitalization$224.35 millionP/E Ratio9.07Dividend YieldN/APrice Target$5.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Bit Digital alerts: Email Address Bit Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside102.2% Upside$5.50 Price TargetShort InterestHealthy26.58% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.75Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth733.33%From $0.03 to $0.25 Per ShareSee 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.3.85 out of 5 starsBusiness Services Sector64th out of 299 stocksNondepository Credit Institutions Industry7th out of 48 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.Amount of Analyst CoverageBit Digital has only been the subject of 1 research reports in the past 90 days.Read more about Bit Digital's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted26.58% 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 3.1, 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 1.17%, 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 2.6 News and Social Media Coverage News SentimentBit Digital has a news sentiment score of 0.75. 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Bit Digital this week, compared to 2 articles on an average week.Search InterestOnly 15 people have searched for BTBT on MarketBeat in the last 30 days. This is a decrease of -57% 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 167% 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.Read more about Bit Digital's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Bit Digital are expected to grow by 733.33% in the coming year, from $0.03 to $0.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bit Digital is 9.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Bit Digital is 9.07, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 37.20.Price to Book Value per Share RatioBit Digital has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Bit Digital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders AgencyHurry! Buy this stock before the Robinhood traders do!Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades 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 HeadlinesJune 6, 2024 | proactiveinvestors.comBit Digital achieves $4.2M in AI contract revenue in MayJune 5, 2024 | prnewswire.comBit Digital, Inc. Announces Monthly Production Update for May 2024June 5, 2024 | proactiveinvestors.comBit Digital: AI more than just a buzzword for this bitcoin minerMay 28, 2024 | msn.comCryptoverse: Miners trudge through post-halving worldMay 24, 2024 | proactiveinvestors.comBit Digital CEO talks ‘banner' Q1 results, expansion of high performance computing businessMay 17, 2024 | markets.businessinsider.comOptimistic Buy Rating for Bit Digital on Revenue Surge and Strategic DiversificationMay 17, 2024 | msn.comBit Digital, Inc. (NASDAQ:BTBT) Q1 2024 Earnings Call TranscriptMay 16, 2024 | proactiveinvestors.comBit Digital's earnings spike on higher bitcoin price, new AI wingMay 15, 2024 | msn.comBit Digital GAAP EPS of $0.43, revenue of $30.3M beats by $1.83MMay 15, 2024 | msn.comBitcoin Mining Stock Bit Digital Jumps On Q1 Earnings: What You Need To KnowMay 15, 2024 | prnewswire.comBit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial ResultsMay 10, 2024 | investorplace.com3 Crypto Penny Stocks that Could Surge 10X This YearMay 8, 2024 | prnewswire.comBit Digital, Inc. Announces Date for First Quarter 2024 Financial Results and Conference CallMay 6, 2024 | prnewswire.comBit Digital, Inc. Announces Monthly Production Update for April 2024May 3, 2024 | fool.comAfter the Halving, Could These Under-the-Radar Bitcoin Mining Stocks Have a New Multimillion-Dollar Market Opportunity in Artificial Intelligence?May 3, 2024 | finance.yahoo.comShareholders in Bit Digital (NASDAQ:BTBT) are in the red if they invested three years agoMay 1, 2024 | investorplace.com3 Meme Stocks to Buy on the Dip: April 2024April 30, 2024 | thestreet.comCrypto advocates explain how bitcoin's technology base can unleash untapped valueApril 26, 2024 | benzinga.comLooking Into Bit Digital's Recent Short InterestApril 18, 2024 | finance.yahoo.comBit Digital, Inc. (BTBT)April 17, 2024 | finance.yahoo.comBit Digital, Inc. (BTBT) Stock Moves -0.55%: What You Should KnowApril 7, 2024 | investorplace.comThe 7 Best Penny Stocks to Buy in April 2024April 4, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Financial Stocks: Bit Digital (BTBT), Galaxy Digital Holdings (BRPHF)April 3, 2024 | finance.yahoo.comBit Digital, Inc. Announces Monthly Production Update for March 2024April 3, 2024 | msn.com3 Crypto Stocks to Buy Before They Erupt After the HalvingSee 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 Earnings5/15/2024Today6/10/2024Next Earnings (Estimated)8/20/2024Fiscal 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/AEmployees24Year 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+102.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.30 Trailing P/E Ratio9.07 Forward P/E Ratio90.67 P/E GrowthN/ANet Income$-13,890,000.00 Net Margins57.44% Pretax Margin60.13% Return on Equity0.30% Return on Assets0.25% Debt Debt-to-Equity RatioN/A Current Ratio12.34 Quick Ratio12.34 Sales & Book Value Annual Sales$44.92 million Price / Sales4.99 Cash FlowN/A Price / Cash FlowN/A Book Value$1.74 per share Price / Book1.56Miscellaneous Outstanding Shares82,480,000Free Float48,418,000Market Cap$224.35 million OptionableOptionable Beta4.75 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Samir Tabar (Age 50)Chief Executive Officer Comp: $500kMr. Erke Huang (Age 35)CFO & Director Comp: $699.46kMr. William Cameron Schnier C.F.A.Head of Investor RelationsKey CompetitorsTeraWulfNASDAQ:WULFPagaya TechnologiesNASDAQ:PGYAMTD DigitalNYSE:HKDBitdeer Technologies GroupNASDAQ:BTDRCrescent Capital BDCNASDAQ:CCAPView All CompetitorsInstitutional OwnershipTidal Investments LLCSold 29,331 shares on 5/17/2024Ownership: 0.043%California State Teachers Retirement SystemSold 5,398 shares on 5/16/2024Ownership: 0.011%Quadrature Capital LtdSold 340,529 shares on 5/15/2024Ownership: 0.215%PEAK6 Investments LLCBought 74,657 shares on 5/15/2024Ownership: 0.091%Vident Advisory LLCBought 940,161 shares on 5/14/2024Ownership: 2.572%View All Institutional Transactions BTBT Stock Analysis - Frequently Asked Questions Should I buy or sell Bit Digital stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 12-month price objectives for Bit Digital's stock. Their BTBT share price targets range from $5.00 to $6.00. On average, they anticipate the company's stock price to reach $5.50 in the next year. This suggests a possible upside of 102.2% 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 shares have decreased by 35.7% and is now trading at $2.72. 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 Tuesday, August 20th 2024. View our BTBT earnings forecast. How were Bit Digital's earnings last quarter? Bit Digital, Inc. (NASDAQ:BTBT) issued its quarterly earnings data on Wednesday, May, 15th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $30.29 million for the quarter, compared to analysts' expectations of $25.61 million. Bit Digital had a trailing twelve-month return on equity of 0.30% and a net margin of 57.44%. What ETFs hold Bit Digital's stock? ETFs with the largest weight of Bit Digital (NASDAQ:BTBT) stock in their portfolio include VanEck Digital Transformation ETF (DAPP), Valkyrie Bitcoin Miners ETF (WGMI), VanEck Digital Assets Mining ETF (DAM), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Global X Blockchain ETF (BKCH), Fidelity Crypto Industry and Digital Payments ETF (FDIG), Grayscale Future of Finance ETF (GFOF) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). Who are Bit Digital's major shareholders? Bit Digital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (6.06%), Vident Advisory LLC (2.57%), Mirae Asset Global Investments Co. Ltd. (2.32%), Quadrature Capital Ltd (0.22%), IMC Chicago LLC (0.00%) and PEAK6 Investments LLC (0.09%). 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. 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