Bit Digital Inc [BTBT] stock prices are up 9.67% to $4.31 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BTBT shares have gain 4.36% over the last week, with a monthly amount glided 18.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bit Digital Inc [NASDAQ: BTBT] stock has seen the most recent analyst activity on October 24, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $6. Previously, Northland Capital started tracking the stock with Outperform rating on February 13, 2024, and set its price target to $6. On September 23, 2021, H.C. Wainwright initiated with a Buy rating and assigned a price target of $14 on the stock.
The stock price of Bit Digital Inc [BTBT] has been fluctuating between $1.76 and $5.27 over the past year. Currently, Wall Street analysts expect the stock to reach $6.5 within the next 12 months. Bit Digital Inc [NASDAQ: BTBT] shares were valued at $4.31 at the most recent close of the market. An investor can expect a potential return of 50.81% based on the average BTBT price forecast.
Analyzing the BTBT fundamentals
The Bit Digital Inc [NASDAQ:BTBT] reported sales of 86.85M for trailing twelve months, representing a surge of 220.34%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.14 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.13 points at the first support level, and at 3.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.42, and for the 2nd resistance point, it is at 4.53.
Ratios To Look Out For
It’s worth pointing out that Bit Digital Inc [NASDAQ:BTBT]’s Current Ratio is 21.05. As well, the Quick Ratio is 21.05, while the Cash Ratio is 5.99. Considering the valuation of this stock, the price to sales ratio is 7.33, the price to book ratio is 2.07 and price to earnings (TTM) ratio is 17.94.
