Bit Digital FY2025 EPS Estimate Boosted by HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Stock analysts at HC Wainwright increased their FY2025 earnings per share estimates for Bit Digital in a research note issued on Monday, November 17th. HC Wainwright analyst K. Dede now expects that the company will post earnings of $0.03 per share for the year, up from their prior estimate of ($0.02). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital’s FY2026 earnings at $0.07 EPS.

A number of other equities research analysts have also weighed in on BTBT. Wall Street Zen raised shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings upgraded Bit Digital from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday. Finally, Northland Securities set a $5.00 price objective on Bit Digital in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Bit Digital Trading Up 3.5%

NASDAQ BTBT opened at $2.38 on Wednesday. The company has a fifty day simple moving average of $3.34 and a two-hundred day simple moving average of $2.95. The stock has a market cap of $766.69 million, a P/E ratio of 5.67 and a beta of 4.79. Bit Digital has a 12-month low of $1.69 and a 12-month high of $5.20.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $29.54 million. Bit Digital had a net margin of 127.61% and a negative return on equity of 7.11%.

Institutional Investors Weigh In On Bit Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTBT. Cerity Partners LLC purchased a new stake in shares of Bit Digital in the first quarter worth about $25,000. Walleye Trading LLC acquired a new position in Bit Digital in the second quarter valued at approximately $25,000. Sheets Smith Wealth Management purchased a new stake in Bit Digital in the 3rd quarter worth approximately $30,000. Hamilton Wealth LLC acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Bit Digital by 2,892.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company’s stock valued at $31,000 after purchasing an additional 14,692 shares in the last quarter. 47.70% of the stock is owned by institutional investors and hedge funds.

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.