Bit Digital (NASDAQ:BTBT – Get Free Report) had its price objective hoisted by HC Wainwright from $5.00 to $6.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 88.68% from the stock’s previous close.
Bit Digital Trading Down 5.1 %
NASDAQ:BTBT opened at $3.18 on Monday. The stock has a fifty day moving average price of $2.52 and a 200 day moving average price of $2.72. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.27. The firm has a market cap of $262.29 million, a PE ratio of 10.60 and a beta of 4.90.
Bit Digital (NASDAQ:BTBT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $30.29 million during the quarter, compared to the consensus estimate of $25.61 million. Bit Digital had a return on equity of 0.30% and a net margin of 57.44%. Equities analysts forecast that Bit Digital will post 0.03 EPS for the current year.
Hedge Funds Weigh In On Bit Digital
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.
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