Do Bit Digital Inc (NASDAQ: BTBT) Fit In A Value Investing Philosophy?

Currently, there are 118.12M common shares owned by the public and among those 117.09M shares have been available to trade.

The company’s stock has a 5-day price change of 12.11% and -42.37% over the past three months. BTBT shares are trading -32.15% year to date (YTD), with the 12-month market performance up to 111.03% higher. It has a 12-month low price of $1.28 and touched a high of $5.27 over the same period. BTBT has an average intraday trading volume of 8.99 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 20.91%, 9.74%, and -1.23% respectively.

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Institutional ownership of Bit Digital Inc (NASDAQ: BTBT) shares accounts for 31.61% of the company’s 118.12M shares outstanding.

It has a market capitalization of $339.00M. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.71% over the week and 10.18% over the month.

Analysts forecast that Bit Digital Inc (BTBT) will achieve an EPS of $0.01 for the current quarter, $0.02 for the next quarter and $0.07 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.11%, and 68.75% 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.

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