Bit Digital Inc [BTBT] stock prices are up 0.54% to $3.70 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 15.26% over the last week, with a monthly amount drifted -12.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bit Digital Inc [NASDAQ: BTBT] stock has seen the most recent analyst activity on January 21, 2025, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $6. Previously, B. Riley Securities started tracking the stock with Buy rating on October 24, 2024, and set its price target to $6. On February 13, 2024, Northland Capital initiated with a Outperform rating and assigned a price target of $6 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $14 on September 23, 2021.
The stock price of Bit Digital Inc [BTBT] has been fluctuating between $1.76 and $5.74 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 $3.70 at the most recent close of the market. An investor can expect a potential return of 75.68% based on the average BTBT price forecast.
Analyzing the BTBT fundamentals
The Bit Digital Inc [NASDAQ:BTBT] reported sales of 98.00M for trailing twelve months, representing a surge of 96.44%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 3.55 points at the first support level, and at 3.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.82, and for the 2nd resistance point, it is at 3.93.
Ratios To Look Out For
It’s worth pointing out that Bit Digital Inc [NASDAQ:BTBT]’s Current Ratio 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 5.80, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 59.87.
