Bit Digital (BTBT) Scheduled to Post Quarterly Earnings on Monday

Bit Digital (NASDAQ:BTBT) will issue its quarterly earnings data before the market opens on Monday, November 18th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Bit Digital had a net margin of 33.30% and a negative return on equity of 1.48%. The firm had revenue of $28.95 million during the quarter, compared to analysts’ expectations of $26.63 million. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Stock Performance

Shares of BTBT stock opened at $4.27 on Friday. The stock’s 50-day moving average is $3.62 and its two-hundred day moving average is $3.23. Bit Digital has a 1 year low of $1.76 and a 1 year high of $5.74. The firm has a market cap of $352.19 million, a price-to-earnings ratio of 17.79 and a beta of 4.79.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. B. Riley assumed coverage on Bit Digital in a research note on Thursday, October 24th. They set a “buy” rating and a $6.00 price target on the stock. HC Wainwright increased their price objective on Bit Digital from $6.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

About Bit Digital

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.