Bit Digital Stock Gross Profit
| BTBT Stock | USD 2.42 0.16 7.08% |
Bit Digital fundamentals help investors to digest information that contributes to Bit Digital's financial success or failures. It also enables traders to predict the movement of Bit Stock. The fundamental analysis module provides a way to measure Bit Digital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bit Digital stock.
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Bit Digital Company Gross Profit Analysis
Bit Digital's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current Bit Digital Gross Profit | 45.12 M |
Most of Bit Digital's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bit Digital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
| Competition |
According to the company disclosure, Bit Digital reported 45.12 M of gross profit. This is 99.98% lower than that of the Software sector and 99.9% lower than that of the Information Technology industry. The gross profit for all United States stocks is 99.84% higher than that of the company.
Bit Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bit Digital's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics of similar companies.Bit Digital is currently under evaluation in gross profit category among its peers.
Bit Fundamentals
| Return On Equity | 0.0919 | ||||
| Return On Asset | 0.0464 | ||||
| Profit Margin | 0.26 % | ||||
| Operating Margin | 1.11 % | ||||
| Current Valuation | 364.37 M | ||||
| Shares Outstanding | 182.44 M | ||||
| Shares Owned By Insiders | 0.54 % | ||||
| Shares Owned By Institutions | 38.34 % | ||||
| Number Of Shares Shorted | 34.57 M | ||||
| Price To Earning | 12.29 X | ||||
| Price To Book | 0.97 X | ||||
| Price To Sales | 3.84 X | ||||
| Revenue | 108.05 M | ||||
| Gross Profit | 45.12 M | ||||
| EBITDA | (7.98 M) | ||||
| Net Income | 28.31 M | ||||
| Cash And Equivalents | 44.3 M | ||||
| Cash Per Share | 0.54 X | ||||
| Total Debt | 13.81 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 19.15 X | ||||
| Book Value Per Share | 2.54 X | ||||
| Cash Flow From Operations | (12.99 M) | ||||
| Short Ratio | 1.96 X | ||||
| Earnings Per Share | 0.19 X | ||||
| Target Price | 6.1 | ||||
| Number Of Employees | 54 | ||||
| Beta | 5.14 | ||||
| Market Capitalization | 412.3 M | ||||
| Total Asset | 538.25 M | ||||
| Retained Earnings | (98.21 M) | ||||
| Working Capital | 241.83 M | ||||
| Net Asset | 538.25 M |
About Bit Digital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bit Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Digital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.