How to buy Bit Digital (BTBT) shares in the UK

Learn how to easily invest in Bit Digital shares.

Bit Digital Inc (BTBT) is a leading software-application business based in the US. On 21 September Bit Digital shares plunged 13.51% to a closing position of $8.64. However, over the last 12 months, Bit Digital's share price has risen by 36.98% from $4.11. Bit Digital is listed on the NASDAQ and employs 6 staff. All prices are listed in US Dollars.

How to buy shares in Bit Digital

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: BTBT in this case.
  5. Research Bit Digital shares. The platform should provide the latest information available.
  6. Buy your Bit Digital shares. It's that simple.
The whole process can take as little as 15 minutes.

How has coronavirus impacted Bit Digital's share price?

Since the stock market crash that started in February 2020, Bit Digital's share price has had significant positive movement.

Its last market close was $9.46, which is 95.77% up on its pre-crash value of $0.4 and 3,278.57% up on the lowest point reached during the March 2020 crash when the shares fell as low as $0.28.

If you had bought $1,000 worth of Bit Digital shares at the start of February 2020, those shares would have been worth $inf at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $inf.

Bit Digital share price (NASDAQ:BTBT)

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

Bit Digital shares at a glance

Information last updated 2021-07-09.
Open$5.46
High$5.6977
Low$5.39
Close$5.63
Previous close$5.45
Change$0.18
Change %3.3028%
Volume1,056,144
Information last updated 2021-09-26.
52-week range$3.4 - $33
50-day moving average$11.6503
200-day moving average$10.8688
PE ratio11.9747
Dividend yieldN/A (0%)
Earnings per share (TTM)$0.79
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Invest in Bit Digital shares with 0% commission

Other fees apply. Your capital is at risk.

  • Unlimited trades, with no dealing charges or management fees
  • Pay no stamp duty on UK shares (saving 0.5%)
  • Create an account today in a few minutes
Capital at risk

Fees for buying 100x Bit Digital shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Platform fee Min. initial deposit Trading fee estimate
Freetrade logo £0 No minimum £1.87
£417.87 total
Capital at risk
eToro Free Stocks logo £0 $50 £2.08
£418.08 total
Capital at risk
Fineco logo £0 No minimum £4.16
£420.16 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £1.14
£417.14 total
Capital at risk
Stake logo £0 £50 £2.38
£418.38 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £16.41
£432.41 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £14.53
£430.53 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £15.00
£431.00 total
Capital at risk

Full comparison of share dealing platforms

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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.

Bit Digital price performance over time

Historical closes compared with the last close of $5.63

1 week (2021-09-21) -34.84%
1 month (2021-08-27) -54.82%
3 months (2021-06-28) -20.82%
6 months (2021-03-26) -58.48%
1 year (2020-09-28) 36.98%
2 years (2019-09-27) 1,067.32%
3 years (2018-09-28) -29.63%

Is Bit Digital under- or over-valued?

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

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 12x. In other words, Bit Digital shares trade at around 12x 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.

EBITDA

Bit Digital's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $47.1 million (£0.0 million).

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

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 $1.945
Market capitalisation $520.2 million

TTM: trailing 12 months

How to short and sell Bit Digital shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "BTBT.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 5.1 million Bit Digital shares held short by investors – that's known as the "short interest". This figure is 23.3% up from 4.1 million last month.

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

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 31.6 million). Bit Digital's SIR currently stands at 0.16. In other words for every 100,000 Bit Digital shares traded daily on the market, roughly 160 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 0.134% of the tradable shares (for every 100,000 tradable Bit Digital shares, roughly 134 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. Typically it's companies that have been around for longer that pay dividends (Bit Digital had its IPO on 20 March 2018). However, you can browse other dividend-paying shares in our guide.

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 4.6799. This would suggest that Bit Digital's shares are significantly more volatile than the average for this exchange and represent a higher risk.

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