Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Research analysts at B. Riley increased their FY2025 earnings per share estimates for Bit Digital in a research report issued on Wednesday, December 18th. B. Riley analyst N. Giles now expects that the company will post earnings of $0.22 per share for the year, up from their previous estimate of $0.20. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Bit Digital's FY2026 earnings at $0.42 EPS.
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 target price on shares of Bit Digital in a research report on Tuesday, November 19th.
Read Our Latest Stock Analysis on BTBT
NASDAQ BTBT opened at $3.35 on Monday. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.74. The business has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $3.55. The stock has a market capitalization of $514.26 million, a PE ratio of 55.83 and a beta of 4.80.
A number of institutional investors have recently made changes to their positions in BTBT. Crescent Grove Advisors LLC purchased a new stake in Bit Digital during the third quarter valued at approximately $35,000. Creative Planning purchased a new stake in Bit Digital during the 3rd quarter valued at $37,000. Thoroughbred Financial Services LLC bought a new stake in Bit Digital in the second quarter worth $38,000. Stifel Financial Corp bought a new stake in Bit Digital in the third quarter worth $38,000. Finally, Victory Capital Management Inc. boosted its stake in Bit Digital by 39.3% during the second quarter. Victory Capital Management Inc. now owns 15,522 shares of the company's stock worth $49,000 after buying an additional 4,380 shares during the period. Institutional investors own 47.70% of the company's stock.
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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