Stock BTBT BIT DIGITAL, INC.
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Ratings Bit Digital, Inc.

Equities

BTBT

KYG1144A1058

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-05-24 pm EDT 		5-day change 1st Jan Change
2.52 USD +5.88% Intraday chart for Bit Digital, Inc. +16.13% -40.43%
May. 16 Transcript : Bit Digital, Inc., Q1 2024 Earnings Call, May 16, 2024
May. 15 Bit Digital, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Summary

  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

  • The prospective high growth for the next fiscal years is among the main assets of the company
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The group's high margin levels account for strong profits.
  • Its low valuation, with P/E ratio at 5.82 and 10.96 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the past twelve months, EPS forecast has been revised upwards.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The opinion of analysts covering the stock has improved over the past four months.
  • Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses

  • The group usually releases earnings worse than estimated.

Ratings chart - Surperformance

Sector: Blockchain & Cryptocurrency

1st Jan change Capi. Investor Rating ESG Refinitiv
BIT DIGITAL, INC. Stock Bit Digital, Inc.
-40.43% 305M -
MARATHON DIGITAL HOLDINGS, INC. Stock Marathon Digital Holdings, Inc.
-9.71% 5.79B
D+
CLEANSPARK, INC. Stock CleanSpark, Inc.
+59.97% 4.02B
C-
RIOT PLATFORMS, INC. Stock Riot Platforms, Inc.
-32.97% 2.99B
D+
PHOENIX GROUP PLC Stock Phoenix Group Plc
-19.20% 2.9B - -
CIPHER MINING INC. Stock Cipher Mining Inc.
-0.97% 1.27B -
BITFARMS LTD. Stock Bitfarms Ltd.
-28.05% 808M -
BITDEER TECHNOLOGIES GROUP Stock Bitdeer Technologies Group
-38.54% 719M - -
TERAWULF INC. Stock TeraWulf Inc.
-13.75% 691M -
APPLIED DIGITAL CORPORATION Stock Applied Digital Corporation
-31.60% 618M -
Investor Rating
Trading Rating
ESG Refinitiv
-

Financials

Sales growth
Earnings Growth
-
EBITDA / Sales
Profitability
Finances
-

Valuation

P/E ratio
EV / Sales
-
Price to Book
-
Price to Free Cash Flow
-
Yield
-

Momentum

1 year Revenue revision
4 months Revenue revision
7 days Revenue revision
1 year EPS revision
4 months EPS revision

Consensus

Analyst Opinion
Potential Price Target
4m Target Price Revision
4m Revision of opinion
12m Revision of opinion

Business Predictability

Analyst Coverage
Divergence of Estimates
Divergence of analysts' opinions
Divergence of Target Price
Earnings quality

Technical analysis

ST Timing
MT Timing
LT Timing
RSI
Bollinger Spread
Unusual volumes
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