A share price of Bit Digital Inc [BTBT] is currently trading at $4.35, down -5.23%. 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 2.35% over the last week, with a monthly amount glided 22.19%, 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.
Bit Digital Inc experienced fluctuations in its stock price throughout the past year between $1.76 and $5.74. 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 $4.35 at the most recent close of the market. An investor can expect a potential return of 49.43% based on the average BTBT price forecast.
Analyzing the BTBT fundamentals
Trailing Twelve Months sales for Bit Digital Inc [NASDAQ:BTBT] were 98.00M which represents 96.44% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.58%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.17.
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 4.22 points at the first support level, and at 4.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.54, and for the 2nd resistance point, it is at 4.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bit Digital Inc [NASDAQ:BTBT] is 5.25. As well, the Quick Ratio is 5.25, while the Cash Ratio is 2.1. Considering the valuation of this stock, the price to sales ratio is 6.81, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 70.39.
