Bit Digital Inc (BTBT) expanding its growth trajectory ahead

With 9.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.31 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $3.93 whereas the lowest price it dropped to was $3.5. 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 $5.58.

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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 3.54%, but this was up by 24.91% over a month. Three-month performance surged to 48.73% while six-month performance fell -1.96%. The stock lost -13.33% in the past year, while it has lost -17.02% so far this year. A look at the trailing 12-month EPS for BTBT yields 0.30 with Next year EPS estimates of 0.26. For the next quarter, that number is -0.03. This implies an EPS growth rate of 266.67% for this year and -40.15% for next year.

Float and Shares Shorts:

At present, 121.00 million BTBT shares are outstanding with a float of 120.26 million shares on hand for trading. On 2024-06-14, short shares totaled 19.97 million, which was 1651.0001 higher than short shares on 1715731200. 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 0.41277 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 2024-03-31, BTBT reported revenue of $30287090.0 and operating income of $1326709.0. The EBITDA in the recently reported quarter was -$37559919.0 and diluted EPS was $0.43.

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.