1 week Ago By ABMN Staff
Bit Digital, Inc. ( NASDAQ:BTBT – Free Report ) – Investment analysts at B. Riley boosted their FY2025 EPS estimates for Bit Digital in a research note issued to investors on Wednesday, December 18th.
B. Riley analyst N. Giles now anticipates that the company will earn $0.
22 per share for the year, up from their prior estimate of $0.20. B.
Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share.
B. Riley also issued estimates for Bit Digital’s FY2026 earnings at $0.42 EPS.
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a research note on Tuesday, November 19th. Bit Digital Stock Down 5.
1 % BTBT opened at $3.18 on Monday. The firm’s fifty day simple moving average is $4.
17 and its two-hundred day simple moving average is $3.56. Bit Digital has a 52-week low of $1.
76 and a 52-week high of $5.74. The company has a market cap of $488.
16 million, a price-to-earnings ratio of 53.00 and a beta of 4.80.
Institutional Trading of Bit Digital Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Bit Digital by 66.6% in the second quarter.
Millennium Management LLC now owns 2,586,392 shares of the company’s stock valued at $8,225,000 after purchasing an additional 1,033,767 shares during the period. Van ECK Associates Corp boosted its holdings in Bit Digital by 25.2% in the 3rd quarter.
Van ECK Associates Corp now owns 4,459,689 shares of the company’s stock valued at $17,259,000 after purchasing an additional 898,329 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Bit Digital in the 2nd quarter valued at approximately $2,126,000. Charles Schwab Investment Management Inc.
increased its holdings in shares of Bit Digital by 192.0% during the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 806,631 shares of the company’s stock worth $2,831,000 after buying an additional 530,411 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Bit Digital during the 3rd quarter valued at approximately $1,222,000. 47.
70% of the stock is owned by institutional investors and hedge funds. Bit Digital Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Bit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bit Digital and related companies with MarketBeat.com's FREE daily email newsletter .
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