Currently, there are 85.03M common shares owned by the public and among those 84.62M shares have been available to trade.
The company’s stock has a 5-day price change of -12.50% and 38.65% over the past three months. BTBT shares are trading -32.15% year to date (YTD), with the 12-month market performance up to 97.93% 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 8.95 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 3.36%, -9.87%, and -1.51% respectively.
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Institutional ownership of Bit Digital Inc (NASDAQ: BTBT) shares accounts for 43.83% of the company’s 85.03M shares outstanding.
It has a market capitalization of $244.04M. 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 11.30% over the week and 9.12% over the month.
Analysts forecast that Bit Digital Inc (BTBT) will achieve an EPS of $ProShares UltraShort Lehman 20 for the current quarter, $34.46 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 $BTAB ECOMMERCE GROUP 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 86.01%, and 33.33% over the next financial year.
Looking at the support for the BTBT, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on February 13, 2024, with the firm’s price target at $6. H.C. Wainwright coverage for the Bit Digital Inc (BTBT) stock in a research note released on September 23, 2021 offered a Buy rating with a price target of $14.
