Bit Digital (BTBT) Expected to Announce Earnings on Monday

Bit Digital (NASDAQ:BTBT) is projected to release its earnings data before the market opens on Monday, March 17th. Analysts expect Bit Digital to post earnings of ($0.04) per share and revenue of $25.06 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Bit Digital Stock Performance

Shares of Bit Digital stock opened at $2.54 on Monday. Bit Digital has a 52-week low of $1.76 and a 52-week high of $5.74. The stock’s 50-day simple moving average is $3.10 and its 200 day simple moving average is $3.50. The stock has a market capitalization of $389.91 million, a P/E ratio of 42.33 and a beta of 5.13.

Analysts Set New Price Targets

BTBT has been the topic of a number of research reports. Craig Hallum initiated coverage on Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of Bit Digital in a research note on Tuesday, November 19th.

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.