Q4 EPS Estimates for Bit Digital Reduced by Noble Financial

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at Noble Financial cut their Q4 2025 earnings per share estimates for shares of Bit Digital in a research note issued on Tuesday, March 18th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.

A number of other analysts have also recently weighed in on the stock. Craig Hallum initiated coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They set a "buy" rating and a $6.00 target price on the stock. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of Bit Digital in a report on Monday, March 17th.

Bit Digital Stock Performance

Shares of Bit Digital stock traded down $0.07 during midday trading on Wednesday, hitting $2.33. 13,105,224 shares of the company traded hands, compared to its average volume of 12,855,445. The firm's fifty day moving average price is $2.90 and its 200-day moving average price is $3.42. The stock has a market cap of $357.68 million, a price-to-earnings ratio of 38.83 and a beta of 5.13. Bit Digital has a 12 month low of $1.76 and a 12 month high of $5.74.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its earnings results on Friday, March 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The business had revenue of $26.10 million during the quarter, compared to the consensus estimate of $25.06 million. During the same quarter in the prior year, the firm earned ($0.16) EPS.

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Institutional Investors Weigh In On Bit Digital

A number of institutional investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC bought a new stake in shares of Bit Digital in the fourth quarter worth $31,000. Cibc World Markets Corp bought a new position in Bit Digital during the 4th quarter worth $33,000. Wedbush Securities Inc. acquired a new position in Bit Digital during the 4th quarter worth about $37,000. Stifel Financial Corp bought a new stake in shares of Bit Digital in the 3rd quarter valued at about $38,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Bit Digital in the fourth quarter valued at about $38,000. 47.70% of the stock is owned by institutional investors.

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.