Bit Digital Inc (NASDAQ: BTBT)’s stock price has soared by 2.45 in relation to previous closing price of 2.04. Nevertheless, the company has seen a gain of 17.42% in its stock price over the last five trading days. zacks.com reported 2025-04-18 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
Is It Worth Investing in Bit Digital Inc (NASDAQ: BTBT) Right Now?
The price-to-earnings ratio for Bit Digital Inc (NASDAQ: BTBT) is 8.62x, which is above its average ratio. Moreover, the 36-month beta value for BTBT is 5.23. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTBT is 178.78M and currently, short sellers hold a 17.38% of that float. On April 28, 2025, BTBT’s average trading volume was 15.44M shares.
BTBT’s Market Performance
The stock of Bit Digital Inc (BTBT) has seen a 17.42% increase in the past week, with a -7.11% drop in the past month, and a -43.36% fall in the past quarter. The volatility ratio for the week is 6.37%, and the volatility levels for the past 30 days are at 8.39% for BTBT. The simple moving average for the last 20 days is 8.33% for BTBT’s stock, with a simple moving average of -35.77% for the last 200 days.
Analysts’ Opinion of BTBT
Many brokerage firms have already submitted their reports for BTBT stocks, with Craig Hallum repeating the rating for BTBT by listing it as a “Buy.” The predicted price for BTBT in the upcoming period, according to Craig Hallum is $6 based on the research report published on January 21, 2025 of the current year 2025.
B. Riley Securities, 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 “Buy” according to the report published on October 24th, 2024.
Northland Capital gave a rating of “Outperform” to BTBT, setting the target price at $6 in the report published on February 13th of the previous year.
BTBT Trading at -8.06% 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 -63.59% of loss for the given period.
Volatility was left at 8.39%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares sank -7.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.14% lower at present.
During the last 5 trading sessions, BTBT rose by +17.42%, which changed the moving average for the period of 200-days by -40.46% in comparison to the 20-day moving average, which settled at $1.93. In addition, Bit Digital Inc saw -28.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTBT
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.58 for the gross margin
The net margin for Bit Digital Inc stands at 0.17. The total capital return value is set at -0.04. Equity return is now at value 9.19, with 7.78 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 -0.94.
Currently, EBITDA for the company is 59.87 million with net debt to EBITDA at -0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.84. The receivables turnover for the company is 6.04for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.38.
Conclusion
To wrap up, the performance of Bit Digital Inc (BTBT) has been bad in recent times. The stock has received a bullish of “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.
