Bit Digital Inc (NASDAQ: BTBT) is -31.04% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTBT stock was last observed hovering at around $2.19 in the last trading session, with the day’s gains setting it 16529997.81%.
Currently trading at $16530000.000000002, the stock is -5.21% and 0.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 86.88 million and changing 5.48% at the moment leaves the stock -23.68% off its SMA200. BTBT registered -21.16% loss for a year compared to 6-month loss of -30.63%. The firm has a 50-day simple moving average (SMA 50) of $2.2884 and a 200-day simple moving average (SMA200) of $3.026725.
The stock witnessed a -2.12% gain in the last 1 month and extending the period to 3 months gives it a 14.36%, and is -5.33% down 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 9.96% over the week and 7.46% over the month.
Bit Digital Inc (BTBT) has around 54 employees, a market worth around $654.95M and $102.87M in sales. Fwd P/E is 24.06. Profit margin for the company is -77.27%. Distance from 52-week low is 36.69% and -59.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.64%).
with sales reaching $27.46M over the same period.The EPS is expected to shrink by -255.26% this year, but quarterly earnings will post 17.90% year-over-year. Quarterly sales are estimated to shrink -5.16% in year-over-year returns.
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 208.53M, and float is at 202.23M with Short Float at 13.52%. 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’s Director. 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.
