Is Bit Digital Stock a Good Investment?
Bit Digital Investment Advice | BTBT |
- Examine Bit Digital's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Bit Digital's leadership team and their track record. Good management can help Bit Digital navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Bit Digital's business and its evolving consumer preferences.
- Compare Bit Digital's performance and market position to its competitors. Analyze how Bit Digital is positioned in terms of product offerings, innovation, and market share.
- Check if Bit Digital pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Bit Digital's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Bit Digital stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Bit Digital is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Bit Digital Stock
Researching Bit Digital's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 45.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.57. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bit Digital recorded a loss per share of 0.03. The entity had not issued any dividends in recent years.
To determine if Bit Digital is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Bit Digital's research are outlined below:
| Bit Digital generated a negative expected return over the last 90 days | |
| Bit Digital has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 44.92 M. Net Loss for the year was (13.89 M) with profit before overhead, payroll, taxes, and interest of 41.28 M. | |
| Latest headline from news.google.com: Bit Digital Nears 100 Million Contractual Target - TipRanks |
Bit Digital Quarterly Liabilities And Stockholders Equity |
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Bit Digital uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Bit Digital. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bit Digital's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of April 2024 Upcoming Quarterly Report | View | |
| 10th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Bit Digital's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Bit Digital's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-03-29 | 2022-12-31 | -0.13 | -0.115 | 0.015 | 11 | ||
2023-11-14 | 2023-09-30 | -0.06 | -0.08 | -0.02 | 33 | ||
2024-03-18 | 2023-12-31 | -0.05 | -0.02 | 0.03 | 60 | ||
2024-08-19 | 2024-06-30 | -0.03 | -0.09 | -0.06 | 200 | ||
2023-08-15 | 2023-06-30 | -0.09 | -0.03 | 0.06 | 66 | ||
2021-12-23 | 2021-09-30 | 0.14 | 0.07 | -0.07 | 50 | ||
2024-11-12 | 2024-09-30 | -0.02 | -0.1128 | -0.0928 | 464 | ||
2023-06-12 | 2023-03-31 | -0.13 | -0.03 | 0.1 | 76 |
Bit Digital Target Price Consensus
Bit target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Bit Digital's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 3 | Strong Buy |
Most Bit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Bit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Bit Digital, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationBit Digital Target Price Projection
Bit Digital's current and average target prices are 3.12 and 6.33, respectively. The current price of Bit Digital is the price at which Bit Digital is currently trading. On the other hand, Bit Digital's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Bit Digital Market Quote on 17th of February 2025
Target Price
Analyst Consensus On Bit Digital Target Price
Bit Digital Analyst Ratings
Bit Digital's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Bit Digital stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Bit Digital's financials, market performance, and future outlook by experienced professionals. Bit Digital's historical ratings below, therefore, can serve as a valuable tool for investors.Know Bit Digital's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bit Digital is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Digital backward and forwards among themselves. Bit Digital's institutional investor refers to the entity that pools money to purchase Bit Digital's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Citadel Advisors Llc | 2024-09-30 | 1.5 M | Millennium Management Llc | 2024-09-30 | 1.1 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 1 M | Exchange Traded Concepts, Llc | 2024-12-31 | 935.6 K | Susquehanna International Group, Llp | 2024-09-30 | 894.9 K | Northern Trust Corp | 2024-09-30 | 729.9 K | Imc-chicago, Llc | 2024-12-31 | 729.2 K | Vanguard Group Inc | 2024-12-31 | 715.6 K | Jane Street Group Llc | 2024-09-30 | 669.5 K | Blackrock Inc | 2024-09-30 | 9.7 M | Amvescap Plc. | 2024-09-30 | 7.2 M |
Bit Digital's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 478.95 M.Market Cap |
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Bit Digital's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.08) | (0.09) | |
| Return On Capital Employed | (0.09) | (0.10) | |
| Return On Assets | (0.08) | (0.09) | |
| Return On Equity | (0.10) | (0.11) |
Determining Bit Digital's profitability involves analyzing its financial statements and using various financial metrics to determine if Bit Digital is a good buy. For example, gross profit margin measures Bit Digital's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Bit Digital's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Bit Digital's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bit Digital. Check Bit Digital's Beneish M Score to see the likelihood of Bit Digital's management manipulating its earnings.
Evaluate Bit Digital's management efficiency
Bit Digital has return on total asset (ROA) of (0.0595) % which means that it has lost $0.0595 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0129) %, meaning that it created substantial loss on money invested by shareholders. Bit Digital's management efficiency ratios could be used to measure how well Bit Digital manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.09 in 2025. Return On Capital Employed is likely to drop to -0.1 in 2025. At this time, Bit Digital's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 228.6 M in 2025, whereas Non Current Liabilities Other is likely to drop slightly above 1.5 M in 2025.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.57 | 0.89 | |
| Tangible Book Value Per Share | 1.57 | 0.90 | |
| Enterprise Value Over EBITDA | (30.16) | (28.66) | |
| Price Book Value Ratio | 2.51 | 2.39 | |
| Enterprise Value Multiple | (30.16) | (28.66) | |
| Price Fair Value | 2.51 | 2.39 | |
| Enterprise Value | 371.3 M | 306.6 M |
Bit Digital's management has consistently demonstrated strong leadership, driving both financial growth and operational excellence. By analyzing current market trends and future growth opportunities, we assess the stock's true value and potential for investors.
Beta 4.887 |
Basic technical analysis of Bit Stock
As of the 17th of February 2025, Bit Digital shows the Standard Deviation of 7.41, risk adjusted performance of (0.01), and Mean Deviation of 5.24. Bit Digital technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Bit Digital's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Bit Digital insiders, such as employees or executives, is commonly permitted as long as it does not rely on Bit Digital's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Bit Digital insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Pierce Brooks H over a month ago Insider Trading |
Bit Digital's Outstanding Corporate Bonds
Bit Digital issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Bit Digital uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Bit bonds can be classified according to their maturity, which is the date when Bit Digital has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Bit Digital's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Bit Digital's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.70) | |||
| Mean Deviation | 5.24 | |||
| Coefficient Of Variation | (3,374) | |||
| Standard Deviation | 7.41 | |||
| Variance | 54.89 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.71) | |||
| Maximum Drawdown | 42.28 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 13.1 | |||
| Skewness | 0.9367 | |||
| Kurtosis | 2.41 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.70) | |||
| Mean Deviation | 5.24 | |||
| Coefficient Of Variation | (3,374) | |||
| Standard Deviation | 7.41 | |||
| Variance | 54.89 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.71) | |||
| Maximum Drawdown | 42.28 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 13.1 | |||
| Skewness | 0.9367 | |||
| Kurtosis | 2.41 |
Consider Bit Digital's intraday indicators
Bit Digital intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bit Digital stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Bit Digital Corporate Filings
8K | 12th of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 6th of February 2025 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
F4 | 14th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
6K | 18th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
Bit Stock media impact
Far too much social signal, news, headlines, and media speculation about Bit Digital that are available to investors today. That information is available publicly through Bit media outlets and privately through word of mouth or via Bit internal channels. However, regardless of the origin, that massive amount of Bit data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Bit Digital news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Bit Digital relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Bit Digital's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Bit Digital alpha.
Bit Digital Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Bit Digital can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Bit Digital Maximum Pain Price Across May 16th 2025 Option Contracts
Bit Digital's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Bit Digital close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Bit Digital's options.
Bit Digital Corporate Management
| David Bayle | Chief Enovum | Profile | |
| Erke Huang | CFO Director | Profile | |
| Benjamin Lamson | Head Revenue | Profile | |
| Tom Sanfilippo | Chief Officer | Profile | |
| William CFA | Head Relations | Profile |
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.