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How to buy Bit Digital stock | $11.35

Learn how to easily invest in Bit Digital stock.

Bit Digital Inc is a software-application business based in the US. Bit Digital shares (BTBT) are listed on the NASDAQ and all prices are listed in US Dollars. Bit Digital employs 6 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Bit Digital

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – BTBT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Bit Digital stock price (NASDAQ: BTBT)

Use our graph to track the performance of BTBT stocks over time.

Bit Digital shares at a glance

Information last updated 2021-10-17.
Latest market close$11.35
52-week range$3.40 - $33.00
50-day moving average $10.38
200-day moving average $10.18
Wall St. target priceN/A
PE ratio 14.2025
Dividend yield N/A (0%)
Earnings per share (TTM) $0.79

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Bit Digital stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Bit Digital price performance over time

Historical closes compared with the close of $11.35 from 2021-10-19

1 week (2021-10-13) 2.90%
1 month (2021-09-17) 13.61%
3 months (2021-07-20) 166.43%
6 months (2021-04-20) -3.24%
1 year (2020-10-20) 197.12%
2 years (2019-10-18) 2,351.40%
3 years (2018-10-19) 74.08%
5 years (2016-10-16) N/A

Is Bit Digital under- or over-valued?

Valuing Bit Digital stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bit Digital's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Bit Digital's P/E ratio

Bit Digital's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Bit Digital shares trade at around 14x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Bit Digital's EBITDA

Bit Digital's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $47.1 million.

The EBITDA is a measure of a Bit Digital's overall financial performance and is widely used to measure a its profitability.

Bit Digital financials

Revenue TTM $92.7 million
Operating margin TTM 40.88%
Gross profit TTM $7 million
Return on assets TTM 38.8%
Return on equity TTM 62.49%
Profit margin 39.54%
Book value $1.95
Market capitalisation $626.3 million

TTM: trailing 12 months

Shorting Bit Digital shares

There are currently 3.8 million Bit Digital shares held short by investors – that's known as Bit Digital's "short interest". This figure is 25% down from 5.1 million last month.

There are a few different ways that this level of interest in shorting Bit Digital shares can be evaluated.

Bit Digital's "short interest ratio" (SIR)

Bit Digital's "short interest ratio" (SIR) is the quantity of Bit Digital shares currently shorted divided by the average quantity of Bit Digital shares traded daily (recently around 7.3 million). Bit Digital's SIR currently stands at 0.52. In other words for every 100,000 Bit Digital shares traded daily on the market, roughly 520 shares are currently held short.

However Bit Digital's short interest can also be evaluated against the total number of Bit Digital shares, or, against the total number of tradable Bit Digital shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Bit Digital's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Bit Digital shares in existence, roughly 70 shares are currently held short) or 0.1434% of the tradable shares (for every 100,000 tradable Bit Digital shares, roughly 143 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Bit Digital.

Find out more about how you can short Bit Digital stock.

Bit Digital share dividends

We're not expecting Bit Digital to pay a dividend over the next 12 months.

Bit Digital share price volatility

Over the last 12 months, Bit Digital's shares have ranged in value from as little as $3.4 up to $33. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Bit Digital's is 4.8362. This would suggest that Bit Digital's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Bit Digital overview

Bit Digital, Inc. engages in the bitcoin mining business. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York. .

Frequently asked questions

What percentage of Bit Digital is owned by insiders or institutions?
Currently 20.383% of Bit Digital shares are held by insiders and 19.334% by institutions.
How many people work for Bit Digital?
Latest data suggests 6 work at Bit Digital.
When does the fiscal year end for Bit Digital?
Bit Digital's fiscal year ends in December.
Where is Bit Digital based?
Bit Digital's address is: 33 Irving Place, New York, NY, United States, 10003
What is Bit Digital's ISIN number?
Bit Digital's international securities identification number is: KYG1144A1058

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