Q1 Earnings Estimate for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at HC Wainwright issued their Q1 2025 earnings estimates for Bit Digital in a research note issued to investors on Monday, March 17th. HC Wainwright analyst K. Dede expects that the company will post earnings of ($0.07) per share for the quarter. HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital’s Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.14) EPS.

Bit Digital (NASDAQ:BTBT) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The business had revenue of $26.10 million during the quarter, compared to analyst estimates of $25.06 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share.

Separately, Craig Hallum initiated coverage on shares of Bit Digital in a research report on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company.

Bit Digital Trading Down 0.8 %

NASDAQ BTBT opened at $2.40 on Wednesday. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.74. The company has a 50 day moving average of $2.92 and a 200-day moving average of $3.43. The company has a market cap of $368.42 million, a price-to-earnings ratio of 40.00 and a beta of 5.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in Bit Digital during the fourth quarter valued at approximately $31,000. Stifel Financial Corp acquired a new position in Bit Digital during the third quarter valued at approximately $38,000. Cibc World Markets Corp acquired a new position in Bit Digital during the fourth quarter valued at approximately $33,000. Wedbush Securities Inc. acquired a new position in Bit Digital during the fourth quarter valued at approximately $37,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Bit Digital during the fourth quarter valued at approximately $38,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Bit Digital Company Profile

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.