Invesco Capital Management LLC recently announced the acquisition of new stake in Bit Digital Inc (NASDAQ:BTBT). The institutional investor has increased its shareholding in the Financial company by 2,530.80% to 4.56 million shares with purchase of 4.39 million shares. This fresh investment now brings its stake to 5.37% valued currently at $19.3 million. In addition, SSgA Funds Management, Inc. raised its holdings by 69110.0 to 3.71 million shares. And Van Eck Associates Corp. has lifted its position by 70.24% or 0.84 million shares – to 2.04 million shares.
Currently, there are 85.03M common shares owned by the public and among those 84.62M shares have been available to trade.
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The top 3 mutual fund holders in Bit Digital Inc are Invesco Mkts. II Plc – CoinShares, iShares Russell 2000 ETF, and SPDR S&P Kensho New Economies Com. Invesco Mkts. II Plc – CoinShares owns 5.87 million shares of the company’s stock, all valued at over $24.81 million. iShares Russell 2000 ETF sold 6444.0 shares to see its total holdings shrink to 2.43 million shares valued at over $10.3 million and representing 2.86% of the shares outstanding. SPDR S&P Kensho New Economies Com sold 1900.0 shares to bring its total holdings to over 1.93 million shares at a value of $8.18 million. SPDR S&P Kensho New Economies Com now owns shares totaling to 2.27% of the shares outstanding.
However, the script later moved the day high at 3.0350, up 5.36%. The company’s stock has a 5-day price change of 13.03% and 39.48% over the past three months. BTBT shares are trading -30.26% year to date (YTD), with the 12-month market performance up to 109.22% higher. It has a 12-month low price of $0.97 and touched a high of $5.27 over the same period. BTBT has an average intraday trading volume of 7.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.50%, -4.07%, and 3.81% respectively.
Institutional ownership of Bit Digital Inc (NASDAQ: BTBT) shares accounts for 32.08% of the company’s 85.03M shares outstanding. Mutual fund holders own 27.51%, while other institutional holders and individual stakeholders account for 6.59% and — respectively.
It has a market capitalization of $250.84M. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.92% over the week and 12.60% over the month.
Analysts forecast that Bit Digital Inc (BTBT) will achieve an EPS of $ProShares UltraShort Lehman 20 for the current quarter, $33.10 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $BTC Digital Ltd. while analysts give the company a high EPS estimate of $BT Brands, Inc.. Comparatively, EPS for the current quarter was $BlackRock Municipal 2030 Target a year ago. Earnings per share for the fiscal year are expected to increase by 86.07%, and 71.43% over the next financial year.
Looking at the support for the BTBT, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on September 23, 2021, with the firm’s price target at $14.
