NASDAQ:BTBT Bit Digital (BTBT) Stock Price, News & Analysis $4.31 +0.38 (+9.67%) (As of 10/28/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends About Bit Digital Stock (NASDAQ:BTBT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Bit Digital alerts:Sign Up Key Stats Today's Range$4.06▼$4.3550-Day Range$2.47▼$4.3152-Week Range$1.76▼$5.27Volume18.14 million shsAverage Volume9.12 million shsMarket Capitalization$355.50 millionP/E Ratio17.96Dividend YieldN/APrice Target$6.33Consensus RatingBuy Company OverviewBit 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… We recommended Nvidia in 2016, now we’re recommending this… (Ad)The AI boom is just getting started. And the real wealth has still to be made…You must read this new presentation from Porter Stansberry. Bit Digital Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks72nd Percentile Overall ScoreBTBT MarketRank™: Bit Digital scored higher than 72% of companies evaluated by MarketBeat, and ranked 117th out of 343 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.7 / 5Analyst RatingBuy Consensus RatingBit Digital has received a consensus rating of Buy. The company's average rating score is 3.33, 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 2 research reports in the past 90 days.Read more about Bit Digital's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Bit Digital are expected to grow in the coming year, from ($0.02) to $0.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bit Digital is 17.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Bit Digital is 17.96, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 43.88.Price to Book Value per Share RatioBit Digital has a P/B Ratio of 2.48. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted32.10% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bit Digital has recently increased by 2.08%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldBit Digital does not currently pay a dividend.Dividend GrowthBit Digital does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted32.10% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bit Digital has recently increased by 2.08%, indicating that investor sentiment is decreasing. News and Social Media2.5 / 5News Sentiment0.45 News SentimentBit Digital has a news sentiment score of 0.45. 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 is a lower news sentiment than the 0.57 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Bit Digital this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for BTBT on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.MarketBeat Follows12 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingN/A 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. 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 BTBT Stock News HeadlinesBit Digital (NASDAQ:BTBT) Stock Rating Upgraded by B. RileyOctober 27 at 3:03 AM | americanbankingnews.comBit Digital initiated with a Buy at B. RileyOctober 25, 2024 | markets.businessinsider.comElection warning coming true… If you missed it, my emergency election broadcast is now available - watch it before it's too late.October 29, 2024 | Porter & Company (Ad)Strategic Transformation and Growth Potential of Bit Digital: A Buy RecommendationOctober 25, 2024 | markets.businessinsider.comB. Riley Securities Initiates Coverage of Bit Digital (BTBT) with Buy RecommendationOctober 25, 2024 | msn.comNorthland Capmk Has Negative View of Bit Digital Q4 EarningsOctober 23, 2024 | americanbankingnews.comBit Digital (BTBT): Among the Most Profitable Cryptocurrency Stocks To Buy NowOctober 20, 2024 | msn.comAnalysts Set Expectations for Bit Digital FY2024 EarningsOctober 20, 2024 | americanbankingnews.comSee More Headlines BTBT Stock Analysis - Frequently Asked Questions How have BTBT shares performed this year? Bit Digital's stock was trading at $4.23 at the beginning of the year. Since then, BTBT stock has increased by 1.9% and is now trading at $4.31. View the best growth stocks for 2024 here. How were Bit Digital's earnings last quarter? Bit Digital, Inc. (NASDAQ:BTBT) announced its quarterly earnings results on Monday, August, 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. The company earned $28.95 million during the quarter, compared to analysts' expectations of $26.63 million. Bit Digital had a net margin of 33.30% and a negative trailing twelve-month return on equity of 1.48%. Who are Bit Digital's major shareholders? Top institutional investors of Bit Digital include Exchange Traded Concepts LLC (1.10%), Vima LLC (0.11%), SG Americas Securities LLC (0.05%) and Capital Advisors Inc. OK (0.03%). 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. What other stocks do shareholders of Bit Digital own? Based on aggregate information from My MarketBeat watchlists, some other companies that Bit Digital investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), Riot Platforms (RIOT) and Marathon Digital (MARA). Company Calendar Last Earnings8/19/2024Today10/28/2024Next Earnings (Estimated)11/12/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryBanking Current SymbolNASDAQ:BTBT CUSIPN/A CIK1710350 Webwww.dianniu98.com Phone(212) 463-5121FaxN/AEmployees10Year FoundedN/APrice Target and Rating Average Stock Price Target$6.33 High Stock Price Target$7.00 Low Stock Price Target$6.00 Potential Upside/Downside+46.9%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.30 Trailing P/E Ratio17.96 Forward P/E RatioN/A P/E GrowthN/ANet Income$-13,890,000.00 Net Margins33.30% Pretax Margin35.88% Return on Equity-1.48% Return on Assets-1.28% Debt Debt-to-Equity RatioN/A Current Ratio21.16 Quick Ratio21.16 Sales & Book Value Annual Sales$86.85 million Price / Sales4.09 Cash Flow$0.01 per share Price / Cash Flow461.84 Book Value$1.74 per share Price / Book2.48Miscellaneous Outstanding Shares82,483,000Free Float48,418,000Market Cap$355.50 million OptionableOptionable Beta4.79 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report This page (NASDAQ:BTBT) was last updated on 10/29/2024 by MarketBeat.com Staff From Our Partnerstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. 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