Bit Digital Inc [NASDAQ: BTBT] gained 5.22% or 0.13 points to close at $2.62 with a heavy trading volume of 19006180 shares.
The daily chart for BTBT points out that the company has recorded -41.39% loss over the past six months.
If we look at the average trading volume of 14.04M shares, BTBT reached to a volume of 19006180 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 $6.25 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.
Craig Hallum have made an estimate for Bit Digital Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2025. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on October 24, 2024, representing the official price target for Bit Digital Inc stock. Previously, the target price had yet another raise to $6, while Northland Capital analysts kept a Outperform rating on BTBT stock.
The Average True Range (ATR) for Bit Digital Inc is set at 0.17, with the Price to Sales ratio for BTBT stock in the period of the last 12 months amounting to 5.31. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.67.
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 -1.13. With this latest performance, BTBT shares gained by 27.18% in over the last four-week period, additionally sinking by -41.39% over the last 6 months – not to mention a drop of -4.38% in the past year of trading.
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 3.88 and a Current Ratio set at 3.88.
Bit Digital Inc [BTBT]: An earnings per share (EPS) analysis
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bit Digital Inc go to -2.70%.
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 8.6444%. 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 4.2972%.
