Bit Digital (BTBT) to Release Earnings on Monday

Bit Digital (NASDAQ:BTBT) will be releasing its earnings data before the market opens on Monday, November 18th. Analysts expect Bit Digital to post earnings of ($0.03) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Bit Digital (NASDAQ:BTBT) last released its earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Bit Digital had a net margin of 33.30% and a negative return on equity of 1.48%. The firm had revenue of $28.95 million for the quarter, compared to analyst estimates of $26.63 million. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Trading Down 2.5 %

BTBT stock opened at $4.27 on Friday. The company’s 50 day moving average is $3.62 and its two-hundred day moving average is $3.22. The stock has a market cap of $352.19 million, a P/E ratio of 17.79 and a beta of 4.79. Bit Digital has a twelve month low of $1.76 and a twelve month high of $5.74.

Analyst Upgrades and Downgrades

BTBT has been the subject of several analyst reports. HC Wainwright boosted their target price on shares of Bit Digital from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. B. Riley assumed coverage on Bit Digital in a research report on Thursday, October 24th. They set a “buy” rating and a $6.00 price target on the 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.