A History of Outperforming Analyst Forecasts and Beating the Odds: Bit Digital Inc (BTBT)

With 3.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.2 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $2.27 whereas the lowest price it dropped to was $2.15. The 52-week range on BTBT shows that it touched its highest point at $5.27 and its lowest point at $1.76 during that stretch. It currently has a 1-year price target of $5.08.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTBT was up-trending over the past week, with a rise of 4.15%, but this was up by 20.21% over a month. Three-month performance dropped to -25.90% while six-month performance rose 8.13%. The stock gained 14.14% in the past year, while it has lost -46.57% so far this year. A look at the trailing 12-month EPS for BTBT yields -0.16 with Next year EPS estimates of 0.07. For the next quarter, that number is 0.01. This implies an EPS growth rate of -81.25% for this year and 196.30% for next year.

Float and Shares Shorts:

At present, 118.12 million BTBT shares are outstanding with a float of 117.38 million shares on hand for trading. On 2024-04-30, short shares totaled 22.18 million, which was 1878.0 higher than short shares on 1711584000. In addition to Mr. Samir Tabar as the firm’s Chief Executive Officer, Mr. Erke Huang serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 0.49105 of BTBT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, BTBT reported revenue of $16053689.0 and operating income of -$9556417.0. The EBITDA in the recently reported quarter was -$11659048.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTBT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.