Bit Digital Stock Gross Profit

BTBT Stock

USD 4.03 0.01 0.25%

Bit Digital fundamentals help investors to digest information that contributes to Bit Digital's financial success or failures. It also enables traders to predict the movement of Bit Stock. The fundamental analysis module provides a way to measure Bit Digital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bit Digital stock.

	Last Reported	Projected for Next Year
Gross Profit	15.4 M	16.8 M
Gross Profit Margin	0.34	0.58

Gross Profit is likely to gain to about 16.8 M in 2024. Gross Profit Margin is likely to gain to 0.58 in 2024.

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Bit Digital Company Gross Profit Analysis

Bit Digital's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

-

Cost of Revenue

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Current Bit Digital Gross Profit

65.34 M

Most of Bit Digital's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bit Digital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Bit Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Bit Digital is extremely important. It helps to project a fair market value of Bit Stock properly, considering its historical fundamentals such as Gross Profit. Since Bit Digital's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bit Digital's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bit Digital's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Current Deferred Revenue	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Short Term Investments	Short Term Debt
Total Assets		1.0	-0.69	-0.82	0.76	0.78	0.88	0.98	0.95	0.98	0.96	0.83	0.99	0.85	0.9	0.88	0.9
Total Stockholder Equity	1.0		-0.74	-0.78	0.78	0.72	0.83	0.99	0.94	0.97	0.96	0.83	1.0	0.89	0.91	0.85	0.91
Net Debt	-0.69	-0.74		0.46	-0.81	-0.13	-0.32	-0.8	-0.61	-0.74	-0.75	-0.56	-0.73	-0.93	-0.85	-0.33	-0.81
Retained Earnings	-0.82	-0.78	0.46		-0.75	-0.82	-0.9	-0.8	-0.92	-0.89	-0.89	-0.77	-0.77	-0.6	-0.81	-0.7	-0.82
Accounts Payable	0.76	0.78	-0.81	-0.75		0.39	0.55	0.81	0.83	0.84	0.81	0.87	0.75	0.8	0.9	0.41	0.88
Net Receivables	0.78	0.72	-0.13	-0.82	0.39		0.98	0.69	0.79	0.74	0.74	0.64	0.72	0.39	0.55	0.92	0.59
Total Liab	0.88	0.83	-0.32	-0.9	0.55	0.98		0.82	0.89	0.87	0.86	0.73	0.83	0.55	0.71	0.92	0.73
Total Current Assets	0.98	0.99	-0.8	-0.8	0.81	0.69	0.82		0.93	0.98	0.98	0.8	0.98	0.92	0.94	0.81	0.94
Common Stock	0.95	0.94	-0.61	-0.92	0.83	0.79	0.89	0.93		0.97	0.94	0.9	0.92	0.75	0.87	0.79	0.87
Net Tangible Assets	0.98	0.97	-0.74	-0.89	0.84	0.74	0.87	0.98	0.97		0.99	0.83	0.96	0.86	0.94	0.79	0.94
Current Deferred Revenue	0.96	0.96	-0.75	-0.89	0.81	0.74	0.86	0.98	0.94	0.99		0.8	0.96	0.87	0.95	0.79	0.95
Property Plant Equipment	0.83	0.83	-0.56	-0.77	0.87	0.64	0.73	0.8	0.9	0.83	0.8		0.8	0.65	0.77	0.65	0.76
Net Invested Capital	0.99	1.0	-0.73	-0.77	0.75	0.72	0.83	0.98	0.92	0.96	0.96	0.8		0.89	0.9	0.86	0.9
Net Working Capital	0.85	0.89	-0.93	-0.6	0.8	0.39	0.55	0.92	0.75	0.86	0.87	0.65	0.89		0.95	0.59	0.93
Capital Stock	0.9	0.91	-0.85	-0.81	0.9	0.55	0.71	0.94	0.87	0.94	0.95	0.77	0.9	0.95		0.64	1.0
Short Term Investments	0.88	0.85	-0.33	-0.7	0.41	0.92	0.92	0.81	0.79	0.79	0.79	0.65	0.86	0.59	0.64		0.67
Short Term Debt	0.9	0.91	-0.81	-0.82	0.88	0.59	0.73	0.94	0.87	0.94	0.95	0.76	0.9	0.93	1.0	0.67

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Bit Gross Profit Historical Pattern

Today, most investors in Bit Digital Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Bit Digital's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Bit Digital gross profit as a starting point in their analysis.

Bit Digital Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Bit Digital

Gross Profit Over Time

According to the company disclosure, Bit Digital reported 65.34 M of gross profit. This is 99.98% lower than that of the Software sector and 99.86% lower than that of the Information Technology industry. The gross profit for all United States stocks is 99.76% higher than that of the company.

Bit Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bit Digital's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics of similar companies.

Bit Digital is currently under evaluation in gross profit category among its peers.

Bit Digital ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bit Digital's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bit Digital's managers, analysts, and investors.

Environmental

Governance

Social

Bit Fundamentals

	Return On Equity	0.15
	Return On Asset	-0.0421
	Profit Margin	0.33 %
	Operating Margin	(0) %
	Current Valuation	533.94 M
	Shares Outstanding	147.79 M
	Shares Owned By Insiders	0.68 %
	Shares Owned By Institutions	38.35 %
	Number Of Shares Shorted	25.69 M
	Price To Earning	12.29 X
	Price To Book	2.02 X
	Price To Sales	7.12 X
	Revenue	44.92 M
	Gross Profit	65.34 M
	EBITDA	(12.31 M)
	Net Income	(13.89 M)
	Cash And Equivalents	44.3 M
	Cash Per Share	0.54 X
	Total Debt	6.22 M
	Debt To Equity	0.02 %
	Current Ratio	19.15 X
	Book Value Per Share	1.34 X
	Cash Flow From Operations	1.11 M
	Short Ratio	2.64 X
	Earnings Per Share	(0.03) X
	Target Price	6.13
	Number Of Employees	24
	Beta	4.81
	Market Capitalization	618.64 M
	Total Asset	189.33 M
	Retained Earnings	(146.91 M)
	Working Capital	56.26 M
	Net Asset	189.33 M

About Bit Digital Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bit Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Digital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Bit Stock Analysis

When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.

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