Noble Financial Estimates Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at Noble Financial issued their Q1 2025 EPS estimates for Bit Digital in a report issued on Tuesday, November 19th. Noble Financial analyst J. Gomes anticipates that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.06) per share. Noble Financial also issued estimates for Bit Digital’s Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.08 EPS.

Other research analysts have also recently issued research reports about the company. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research note on Tuesday. B. Riley assumed coverage on Bit Digital in a research report on Thursday, October 24th. They set a “buy” rating and a $6.00 price objective for the company.

Bit Digital Price Performance

Shares of BTBT opened at $4.05 on Wednesday. Bit Digital has a one year low of $1.76 and a one year high of $5.74. The company has a 50-day simple moving average of $3.70 and a two-hundred day simple moving average of $3.27. The firm has a market capitalization of $334.04 million, a PE ratio of 67.50 and a beta of 4.79.

Bit Digital (NASDAQ:BTBT) last announced its earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Bit Digital had a net margin of 33.30% and a negative return on equity of 1.48%. The firm had revenue of $28.95 million for the quarter, compared to analyst estimates of $26.63 million.

Hedge Funds Weigh In On Bit Digital

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Crescent Grove Advisors LLC bought a new stake in shares of Bit Digital in the 3rd quarter worth approximately $35,000. Creative Planning purchased a new position in Bit Digital during the third quarter valued at $37,000. Thoroughbred Financial Services LLC bought a new stake in Bit Digital in the second quarter worth $38,000. Stifel Financial Corp purchased a new stake in shares of Bit Digital in the third quarter worth $38,000. Finally, Victory Capital Management Inc. raised its position in shares of Bit Digital by 39.3% in the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock worth $49,000 after purchasing an additional 4,380 shares during the last quarter. Institutional investors own 47.70% of the company’s stock.

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.