Bit Digital (NASDAQ:BTBT – Free Report) had its target price lifted by HC Wainwright from $5.00 to $6.00 in a research note published on Monday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.
Bit Digital Trading Up 6.6 %
Shares of NASDAQ:BTBT opened at $3.39 on Monday. The business has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.72. The company has a market capitalization of $279.61 million, a price-to-earnings ratio of 11.30 and a beta of 4.90. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.27.
Bit Digital (NASDAQ:BTBT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm 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%. As a group, equities research analysts predict that Bit Digital will post 0.03 earnings per share for the current fiscal 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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