Currently, there are 153.51M common shares owned by the public and among those 150.15M shares have been available to trade.
The company’s stock has a 5-day price change of -2.61% and -35.78% over the past three months. BTBT shares are trading 1.71% year to date (YTD), with the 12-month market performance down to -11.44% lower. It has a 12-month low price of $1.76 and touched a high of $5.74 over the same period. BTBT has an average intraday trading volume of 18.01 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 -7.28%, -15.71%, and -11.39% respectively.
Institutional ownership of Bit Digital Inc (NASDAQ: BTBT) shares accounts for 41.80% of the company’s 153.51M shares outstanding.
It has a market capitalization of $457.46M. The stock’s trailing 12-month PE ratio is 48.22, while the earnings-per-share (ttm) stands at $0.06. The company has a PEG of 1.41 and a Quick Ratio of 5.25 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.44% over the week and 7.85% over the month.
Earnings per share for the fiscal year are expected to decrease by -141.67%, and 176.67% over the next financial year. EPS should grow at an annualized rate of 34.20% over the next five years, compared to 7.79% over the past 5-year period.
Looking at the support for the BTBT, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on January 21, 2025, with the firm’s price target at $6. B. Riley Securities coverage for the Bit Digital Inc (BTBT) stock in a research note released on October 24, 2024 offered a Buy rating with a price target of $6. Northland Capital was of a view on February 13, 2024 that the stock is Outperform, while H.C. Wainwright gave the stock Buy rating on September 23, 2021, issuing a price target of $14.
