The price-to-earnings ratio for Bit Digital Inc (NASDAQ: BTBT) is above average at 59.55x, Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTBT is 150.17M, and currently, short sellers hold a 23.19% ratio of that floaft. The average trading volume of BTBT on January 20, 2025 was 18.47M shares.
BTBT) stock’s latest price update
The stock price of Bit Digital Inc (NASDAQ: BTBT) has jumped by 1.38 compared to previous close of 3.63. Despite this, the company has seen a gain of 9.20% in its stock price over the last five trading days. proactiveinvestors.com reported 2025-01-08 that Bit Digital Inc (NASDAQ:BTBT), which offers high-performance computing (HPC) infrastructure and digital asset production, has reported strong results for December 2024, including strong GPU Cloud revenue and progress in expanding its HPC data center footprint. The company said it had 266 servers, comprising 2,128 GPUs, actively generating revenue from its Bit Digital AI contracts.
BTBT’s Market Performance
Bit Digital Inc (BTBT) has experienced a 9.20% rise in stock performance for the past week, with a -14.62% drop in the past month, and a -5.40% drop in the past quarter. The volatility ratio for the week is 6.58%, and the volatility levels for the past 30 days are at 9.21% for BTBT.. The simple moving average for the past 20 days is 8.17% for BTBT’s stock, with a 12.96% simple moving average for the past 200 days.
Analysts’ Opinion of BTBT
Many brokerage firms have already submitted their reports for BTBT stocks, with B. Riley Securities repeating the rating for BTBT by listing it as a “Buy.” The predicted price for BTBT in the upcoming period, according to B. Riley Securities is $6 based on the research report published on October 24, 2024 of the previous year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see BTBT reach a price target of $6. The rating they have provided for BTBT stocks is “Outperform” according to the report published on February 13th, 2024.
H.C. Wainwright gave a rating of “Buy” to BTBT, setting the target price at $14 in the report published on September 23rd of the previous year.
BTBT Trading at -7.65% from the 50-Day Moving Average
After a stumble in the market that brought BTBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.89% of loss for the given period.
Volatility was left at 9.21%, however, over the last 30 days, the volatility rate increased by 6.58%, as shares sank -12.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.20% upper at present.
During the last 5 trading sessions, BTBT rose by +9.20%, which changed the moving average for the period of 200-days by +49.59% in comparison to the 20-day moving average, which settled at $3.40. In addition, Bit Digital Inc saw 25.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BTBT
Current profitability levels for the company are sitting at:
- -0.58 for the present operating margin
- 0.32 for the gross margin
The net margin for Bit Digital Inc stands at -0.03. The total capital return value is set at -0.17. Equity return is now at value -1.29, with -1.11 for asset returns.
Based on Bit Digital Inc (BTBT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36.
Currently, EBITDA for the company is -12.31 million with net debt to EBITDA at -1.68. When we switch over and look at the enterprise to sales, we see a ratio of 4.83. The receivables turnover for the company is 8.16for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.25.
Conclusion
In a nutshell, Bit Digital Inc (BTBT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
