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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.
|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 price||N/A|
|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.
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.
|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|
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 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 (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.
|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%|
|Market capitalisation||$626.3 million|
TTM: trailing 12 months
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) 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.
We're not expecting Bit Digital to pay a dividend over the next 12 months.
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, 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. .
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