Bit Digital Inc (NASDAQ: BTBT) is 14.02% higher on its value in year-to-date trading and has touched a low of $1.69 and a high of $5.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTBT stock was last observed hovering at around $3.48 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $3.74, the stock is 45.78% and 56.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 125.19 million and changing 7.47% at the moment leaves the stock 23.25% off its SMA200. BTBT registered 27.65% gain for a year compared to 6-month loss of 19.87%. The firm has a 50-day simple moving average (SMA 50) of $2.3926 and a 200-day simple moving average (SMA200) of $3.034525.
The stock witnessed a 53.91% gain in the last 1 month and extending the period to 3 months gives it a 85.61%, and is 70.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.45% over the week and 8.79% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $1.06B and $102.87M in sales. Fwd P/E is 43.49. Profit margin for the company is -77.27%. Distance from 52-week low is 121.30% and -34.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.64%).
The EPS is expected to shrink by -250.00% this year.
Bit Digital Inc (BTBT) Top Institutional Holders
206.0 institutions hold shares in Bit Digital Inc (BTBT), with institutional investors hold 26.34% of the company’s shares. The shares outstanding are 283.53M, and float is at 274.96M with Short Float at 9.94%. Institutions hold 25.97% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.07 million shares valued at $35.2 million. The investor’s holdings represent 8.6444% of the BTBT Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 9.51 million shares valued at $30.25 million to account for 7.4277 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.5 million shares representing 4.2972% and valued at over $17.5 million, while VAN ECK ASSOCIATES CORP holds 2.7811 of the shares totaling 3.56 million with a market value of $11.32 million.
Bit Digital Inc (BTBT) Insider Activity
The most recent transaction is an insider purchase by Pierce Brock Jeffrey,the company’sDirector. SEC filings show that Pierce Brock Jeffrey bought 500,000 shares of the company’s common stock on Jun 25 ’25 at a price of $2.00 per share for a total of $1.0 million. Following the purchase, the insider now owns 0.5 million shares.
Bit Digital Inc disclosed in a document filed with the SEC on Jun 25 ’25 that Tabar Samir (Chief Executive Officer) bought a total of 750,000 shares of the company’s common stock. The trade occurred on Jun 25 ’25 and was made at $2.00 per share for $1.5 million. Following the transaction, the insider now directly holds 2.11 million shares of the BTBT stock.
