Bit Digital Inc [NASDAQ: BTBT] loss -2.51% or -0.11 points to close at $4.27 with a heavy trading volume of 18883342 shares.
The daily chart for BTBT points out that the company has recorded 96.77% gains over the past six months.
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If we look at the average trading volume of 11.97M shares, BTBT reached to a volume of 18883342 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Bit Digital Inc [BTBT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTBT shares is $6.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTBT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Bit Digital Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 24, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 13, 2024, representing the official price target for Bit Digital Inc stock. Previously, the target price had yet another raise to $14, while H.C. Wainwright analysts kept a Buy rating on BTBT stock.
The Average True Range (ATR) for Bit Digital Inc is set at 0.44, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 7.08. The Price to Book ratio for the last quarter was 2.05, with the Price to Cash per share for the same quarter was set at 1.39.
Trading performance analysis for BTBT stock
Bit Digital Inc [BTBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.47. With this latest performance, BTBT shares gained by 10.05% in over the last four-week period, additionally plugging by 96.77% over the last 6 months – not to mention a rise of 90.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTBT stock in for the last two-week period is set at 52.53, with the RSI for the last a single of trading hit 49.92, and the three-weeks RSI is set at 53.65 for Bit Digital Inc [BTBT]. The present Moving Average for the last 50 days of trading for this stock 3.62, while it was recorded at 4.85 for the last single week of trading, and 3.00 for the last 200 days.
Bit Digital Inc [BTBT]: A deeper dive into fundamental analysis
Bit Digital Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.05 and a Current Ratio set at 21.05.
Bit Digital Inc [BTBT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Bit Digital Inc posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BTBT.
An analysis of Institutional ownership at Bit Digital Inc [BTBT]
The top three institutional holders of BTBT stocks are: BLACKROCK INC. with ownership of 11.07 million shares, which is approximately 9.6597%. INVESCO LTD., holding 9.51 million shares of the stock with an approximate value of $$30.25 million in BTBT stocks shares; and INVESCO LTD., currently with $$17.5 million in BTBT stock with ownership which is approximately 4.8019%.
