At the time of writing, Bit Digital Inc [BTBT] stock is trading at $2.41, down -1.23%. 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 11.57% over the last week, with a monthly amount drifted -23.49%, 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.
For the past year, the stock price of Bit Digital Inc fluctuated 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 $2.41 at the most recent close of the market. An investor can expect a potential return of 169.71% based on the average BTBT price forecast.
Analyzing the BTBT fundamentals
According to Bit Digital Inc [NASDAQ:BTBT], the company’s sales were 98.00M for trailing twelve months, which represents an 96.44% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 2.29 points at the first support level, and at 2.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.48, and for the 2nd resistance point, it is at 2.56.
Ratios To Look Out For
It is important to note that Bit Digital Inc [NASDAQ:BTBT] has a current ratio of 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 3.78, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 39.00.
