Bit Digital (BTBT) to Release Earnings on Monday

Bit Digital (NASDAQ:BTBT - Get Free Report) is expected to announce its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $25.06 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Bit Digital Trading Down 15.0 %

Shares of BTBT stock traded down $0.38 during mid-day trading on Monday, reaching $2.16. The stock had a trading volume of 13,599,642 shares, compared to its average volume of 12,629,601. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.74. The business has a 50-day simple moving average of $3.08 and a 200 day simple moving average of $3.49. The company has a market cap of $331.58 million, a P/E ratio of 36.00 and a beta of 5.13.

Analyst Upgrades and Downgrades

BTBT has been the topic of several recent research reports. Craig Hallum started coverage on shares of Bit Digital in a report on Tuesday, January 21st. They issued a "buy" rating and a $6.00 price target on the stock. HC Wainwright reiterated a "buy" rating and set a $7.00 target price on shares of Bit Digital in a report on Tuesday, November 19th.

About Bit Digital

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.