FY2025 EPS Estimates for Bit Digital Lifted by HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – HC Wainwright upped their FY2025 earnings per share estimates for shares of Bit Digital in a research note issued to investors on Monday, November 17th. HC Wainwright analyst K. Dede now expects that the company will earn $0.03 per share for the year, up from their prior estimate of ($0.02). HC Wainwright 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 FY2026 earnings at $0.07 EPS.

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

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

Bit Digital Price Performance

Shares of NASDAQ:BTBT opened at $2.38 on Wednesday. The business’s 50 day moving average price is $3.34 and its 200-day moving average price is $2.95. Bit Digital has a 1 year low of $1.69 and a 1 year high of $5.20. The firm has a market capitalization of $766.69 million, a price-to-earnings ratio of 5.67 and a beta of 4.79.

Institutional Trading of Bit Digital

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC purchased a new position in Bit Digital in the 1st quarter worth approximately $25,000. Walleye Trading LLC acquired a new stake in shares of Bit Digital in the second quarter valued at approximately $25,000. Sheets Smith Wealth Management purchased a new position in Bit Digital during the third quarter worth approximately $30,000. Hamilton Wealth LLC purchased a new position in Bit Digital during the third quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Bit Digital by 2,892.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company’s stock valued at $31,000 after buying an additional 14,692 shares in the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.

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.