HC Wainwright Forecasts Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at HC Wainwright issued their Q1 2025 earnings estimates for Bit Digital in a report issued on Monday, March 17th. HC Wainwright analyst K. Dede expects that the company will post earnings of ($0.07) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $7.00 price target 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 Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.14) EPS.

Bit Digital (NASDAQ:BTBT) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The company had revenue of $26.10 million during the quarter, compared to the consensus estimate of $25.06 million. During the same quarter last year, the firm posted ($0.16) EPS.

Separately, Craig Hallum began coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock.

Bit Digital Stock Performance

NASDAQ:BTBT opened at $2.26 on Wednesday. Bit Digital has a fifty-two week low of $1.76 and a fifty-two week high of $5.74. The company has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $3.44. The company has a market capitalization of $346.93 million, a PE ratio of 37.67 and a beta of 5.13.

Institutional Investors Weigh In On Bit Digital

Several institutional investors and hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC acquired a new position in Bit Digital in the fourth quarter valued at approximately $31,000. Stifel Financial Corp bought a new stake in shares of Bit Digital in the 3rd quarter valued at $38,000. Cibc World Markets Corp acquired a new position in shares of Bit Digital during the 4th quarter valued at $33,000. Wedbush Securities Inc. acquired a new position in shares of Bit Digital during the 4th quarter valued at $37,000. Finally, Orion Portfolio Solutions LLC bought a new position in Bit Digital during the fourth quarter worth $38,000. Institutional investors own 47.70% of the company’s stock.

About Bit Digital

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.