Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at Northland Capmk issued their Q1 2025 earnings estimates for Bit Digital in a research report issued to clients and investors on Monday, November 18th. Northland Capmk analyst M. Grondahl expects that the company will earn ($0.01) per share for the quarter. The consensus estimate for Bit Digital's current full-year earnings is ($0.06) per share. Northland Capmk also issued estimates for Bit Digital's FY2025 earnings at $0.01 EPS.
Bit Digital (NASDAQ:BTBT - Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $28.95 million during the quarter, compared to analyst estimates of $26.63 million. Bit Digital had a net margin of 33.30% and a negative return on equity of 1.48%.
Other analysts have also issued research reports about the stock. B. Riley initiated coverage on shares of Bit Digital in a report on Thursday, October 24th. They issued a "buy" rating and a $6.00 price target for the company. HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of Bit Digital in a research report on Tuesday.
Get Our Latest Research Report on Bit Digital
Bit Digital Trading Down 1.2 %
Shares of Bit Digital stock traded down $0.05 during midday trading on Wednesday, reaching $3.98. The company had a trading volume of 19,555,693 shares, compared to its average volume of 10,022,518. The company has a market capitalization of $328.27 million, a price-to-earnings ratio of 67.17 and a beta of 4.79. The stock has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.26. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.74.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTBT. Crescent Grove Advisors LLC bought a new stake in Bit Digital in the third quarter worth about $35,000. Creative Planning bought a new stake in Bit Digital during the 3rd quarter worth approximately $37,000. Thoroughbred Financial Services LLC purchased a new stake in shares of Bit Digital in the 2nd quarter valued at $38,000. Stifel Financial Corp bought a new position in Bit Digital in the 3rd quarter worth $38,000. Finally, Victory Capital Management Inc. increased its stake in shares of Bit Digital by 39.3% in the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company's stock worth $49,000 after acquiring an additional 4,380 shares in the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.
Bit Digital Company Profile
(
Get Free Report)
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.
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