Bit Digital, Inc. Reports Q3 Loss, Lags Revenue Estimates
| BTBT Stock | USD 4.03 0.01 0.25% |
Slightly above 53% of Bit Digital's investor base is interested to short. The analysis of the overall prospects from investing in Bit Digital suggests that many traders are, at the present time, impartial. Bit Digital's investing sentiment can be driven by a variety of factors including economic data, Bit Digital's earnings reports, geopolitical events, and overall market trends.
Bit |
Bit Digital delivered earnings and revenue surprises of -233.33 percent and 0.84, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock
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Bit Digital Fundamental Analysis
We 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.
Earnings Per Share
Earnings Per Share Comparative Analysis
Bit Digital is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Bit Digital Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bit Digital stock to make a market-neutral strategy. 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 with similar companies.
Peers
Bit Digital Related Equities
| GFF | Griffon | 2.77 | ||||
| HURC | Hurco Companies | 1.42 | ||||
| IPXXU | Inflection Point | 0.00 | ||||
| EVTZF | Evertz Technologies | 0.00 | ||||
| MTX | Minerals Technologies | 0.90 | ||||
| HIHO | Highway Holdings | 2.00 |
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.