Based on the Bit Digital Inc stock forecast from 4 analysts, the average analyst target price for Bit Digital Inc is USD 6.00 over the next 12 months. Bit Digital Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Bit Digital Inc is Slightly Bullish , which is based on 6 positive signals and 4 negative signals. At the last closing, Bit Digital Inc’s stock price was USD 1.85. Bit Digital Inc’s stock price has changed by -7.50% over the past week, -24.18% over the past month and -1.60% over the last year.
No recent analyst target price found for Bit Digital Inc
No recent average analyst rating found for Bit Digital Inc
Company Overview Bit Digital Inc
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. The company designs, develops, and operates high-performance computing (HPC) data centers that offers hosting and colocation services; and cloud-based HPC graphics processing units for artificial intelligence and machine learning developers. It is also involved in the treasury management activities; fund and investment management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York. Read Less
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. The company designs, develops, and operates high-performance computing (HPC) data centers that offers hosting and colocation services; and cloud-based HPC graphics processing units for arti...Read More
Frequently Asked Questions About Bit Digital Inc (BTBT) Stock
Based on ratings from 4 analysts Bit Digital Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 9 buy, sell and hold ratings.
Unfortunately we do not have enough data on BTBT's stock to indicate if its a good dividend stock.
Based on targets from 4 analysts, the average taret price for BTBT is USD 6.00 over the next 12 months. The maximum analyst target price is USD 7 while the minimum anlayst target price is USD 5.5.
BTBT stock's Price/Earning ratio is 11.05.
Our analysis grades BTBT stock's Price / Earning ratio at D+. This means that BTBT stock's Price/Earning ratio is above 32.99999999999999% of the stocks in the Capital Markets sector in the NSD exchange.
Based on this BTBT may be fairly valued for its sector
The last closing price of BTBT's stock was USD 1.85.
The most recent market capitalization for BTBT is USD 0.38B.
Based on targets from 4 analysts, the average taret price for BTBT is projected at USD 6.00 over the next 12 months.
This means that BTBT's stock price may go up by +224.32% over the next 12 months.
We can't find any ETFs which contains Bit Digital Inc's stock.
As per our most recent records Bit Digital Inc has 54 Employees.
Bit Digital Inc's registered address is 31 Hudson Yards, New York, NY, United States, 10001.
You can get more information about it from Bit Digital Inc's website at https://www.bit-digital.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
What not to like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Negative cashflow
The company had negative total cash flow in the most recent four quarters.
Frequently Asked Questions About Bit Digital Inc (BTBT) Stock
Based on ratings from 4 analysts Bit Digital Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 9 buy, sell and hold ratings.
Unfortunately we do not have enough data on BTBT's stock to indicate if its a good dividend stock.
Based on targets from 4 analysts, the average taret price for BTBT is USD 6.00 over the next 12 months. The maximum analyst target price is USD 7 while the minimum anlayst target price is USD 5.5.
BTBT stock's Price/Earning ratio is 11.05.
Our analysis grades BTBT stock's Price / Earning ratio at D+. This means that BTBT stock's Price/Earning ratio is above 32.99999999999999% of the stocks in the Capital Markets sector in the NSD exchange.
Based on this BTBT may be fairly valued for its sector
The last closing price of BTBT's stock was USD 1.85.
The most recent market capitalization for BTBT is USD 0.38B.
Based on targets from 4 analysts, the average taret price for BTBT is projected at USD 6.00 over the next 12 months.
This means that BTBT's stock price may go up by +224.32% over the next 12 months.
We can't find any ETFs which contains Bit Digital Inc's stock.
As per our most recent records Bit Digital Inc has 54 Employees.
Bit Digital Inc's registered address is 31 Hudson Yards, New York, NY, United States, 10001.
You can get more information about it from Bit Digital Inc's website at https://www.bit-digital.com.
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