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NASDAQ:BTBT

Bit Digital (BTBT) Stock Price, News & Analysis

Bit Digital logo
$2.44 +0.17 (+7.49%)
Closing price 03/14/2025 04:00 PM Eastern
Extended Trading
$2.42 -0.02 (-0.61%)
As of 03/14/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Bit Digital Stock (NASDAQ:BTBT)

Key Stats

Today's Range
$2.37
$2.73
50-Day Range
$2.16
$3.88
52-Week Range
$1.76
$5.74
Volume
17.18 million shs
Average Volume
12.76 million shs
Market Capitalization
$374.56 million
P/E Ratio
40.67
Dividend Yield
N/A
Price Target
$6.33
Consensus Rating
Buy

Company Overview

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.

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Bit Digital Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
57th Percentile Overall Score

BTBT MarketRank™: 

Bit Digital scored higher than 57% of companies evaluated by MarketBeat, and ranked 166th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Bit 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 Coverage

    Bit 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.
  • Earnings Growth

    Earnings for Bit Digital are expected to grow in the coming year, from ($0.20) to $0.03 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bit Digital is 40.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.47.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Bit Digital is 40.67, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 31.97.

  • Price to Book Value per Share Ratio

    Bit Digital has a P/B Ratio of 1.40. 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.
  • Percentage of Shares Shorted

    36.93% of the float of Bit Digital has been sold short.
  • Short Interest Ratio / Days to Cover

    Bit Digital has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bit Digital has recently decreased by 3.73%, indicating that investor sentiment is improving.
  • Dividend Yield

    Bit Digital does not currently pay a dividend.

  • Dividend Growth

    Bit Digital does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    36.93% of the float of Bit Digital has been sold short.
  • Short Interest Ratio / Days to Cover

    Bit Digital has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bit Digital has recently decreased by 3.73%, indicating that investor sentiment is improving.
  • News Sentiment

    Bit Digital has a news sentiment score of 0.47. 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 0.75 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Bit Digital this week, compared to 5 articles on an average week.
  • Search Interest

    Only 21 people have searched for BTBT on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Bit Digital insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    41.30% 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 Institutions

    47.70% 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.
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BTBT Stock News Headlines

Bit Digital’s Earnings Call: Growth Amid Challenges
Bit Digital, Inc. (BTBT) Q4 2024 Earnings Call Transcript
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Craig-Hallum Sticks to Its Buy Rating for Bit Digital (BTBT)
Bit Digital sees revenue surge as HPC business expands
Bit Digital Q4 2024 Earnings Preview
See More Headlines

BTBT Stock Analysis - Frequently Asked Questions

Bit Digital's stock was trading at $2.93 at the start of the year. Since then, BTBT stock has decreased by 16.7% and is now trading at $2.44.
View the best growth stocks for 2025 here
.

Bit Digital, Inc. (NASDAQ:BTBT) announced its earnings results on Tuesday, August, 15th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.11. The company earned $9.04 million during the quarter, compared to the consensus estimate of $9.58 million. Bit Digital had a negative trailing twelve-month return on equity of 5.69% and a negative net margin of 2.75%.

Top institutional shareholders of Bit Digital include Invesco Ltd. (4.58%), Van ECK Associates Corp (2.67%), Vident Advisory LLC (2.08%) and Geode Capital Management LLC (1.58%).

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.

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), Riot Platforms (RIOT) and MARA (MARA).

Company Calendar

Last Earnings
8/15/2023
Today
3/15/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:BTBT
Fax
N/A
Employees
10
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.33
High Stock Price Target
$7.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+159.6%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Trailing P/E Ratio
40.67
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-13,890,000.00
Pretax Margin
0.07%

Debt

Sales & Book Value

Annual Sales
$98.00 million
Cash Flow
$0.01 per share
Price / Cash Flow
455.66
Book Value
$1.74 per share
Price / Book
1.40

Miscellaneous

Free Float
90,110,000
Market Cap
$374.56 million
Optionable
Optionable
Beta
5.13
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This page (NASDAQ:BTBT) was last updated on 3/15/2025 by MarketBeat.com Staff
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