Is Bit Digital Stock a Good Investment?
Bit Digital Investment Advice | BTBT |
- Examine Bit Digital's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Bit Digital's leadership team and their track record. Good management can help Bit Digital navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Bit Digital's business and its evolving consumer preferences.
- Compare Bit Digital's performance and market position to its competitors. Analyze how Bit Digital is positioned in terms of product offerings, innovation, and market share.
- Check if Bit Digital pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Bit Digital's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Bit Digital stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Bit Digital is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Bit Digital Stock
Researching Bit Digital's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 39.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.74. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bit Digital had not issued any dividends in recent years.
To determine if Bit Digital is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Bit Digital's research are outlined below:
| Bit Digital generated a negative expected return over the last 90 days | |
| Bit Digital has high historical volatility and very poor performance | |
| Bit Digital may become a speculative penny stock | |
| Bit Digital is unlikely to experience financial distress in the next 2 years | |
| Bit Digital currently holds about 44.3 M in cash with (12.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.54. | |
| Latest headline from gurufocus.com: Bit Digital, Inc. Secures Site for New Tier 3 Data Center to Support Cerebras Colocation ... |
Bit Digital Quarterly Liabilities And Stockholders Equity |
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Bit Digital uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Bit Digital. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bit Digital's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of April 2024 Upcoming Quarterly Report | View | |
| 10th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Bit Digital's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Bit Digital's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-03-29 | 2022-12-31 | -0.13 | -0.115 | 0.015 | 11 | ||
2023-11-14 | 2023-09-30 | -0.06 | -0.08 | -0.02 | 33 | ||
2024-03-18 | 2023-12-31 | -0.05 | -0.02 | 0.03 | 60 | ||
2024-08-19 | 2024-06-30 | -0.03 | -0.09 | -0.06 | 200 | ||
2023-08-15 | 2023-06-30 | -0.09 | -0.03 | 0.06 | 66 | ||
2021-12-23 | 2021-09-30 | 0.14 | 0.07 | -0.07 | 50 | ||
2024-11-12 | 2024-09-30 | -0.02 | -0.1128 | -0.0928 | 464 | ||
2023-06-12 | 2023-03-31 | -0.13 | -0.03 | 0.1 | 76 |
Know Bit Digital's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bit Digital is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Digital backward and forwards among themselves. Bit Digital's institutional investor refers to the entity that pools money to purchase Bit Digital's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-12-31 | 1.7 M | Susquehanna International Group, Llp | 2024-12-31 | 1.6 M | Intrinsic Edge Capital Management, Llc | 2024-12-31 | 1.6 M | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 1.5 M | Millennium Management Llc | 2024-12-31 | 1.4 M | Squarepoint Ops Llc | 2024-12-31 | 1.1 M | Exchange Traded Concepts, Llc | 2024-12-31 | 935.6 K | Jane Street Group Llc | 2024-12-31 | 917.7 K | Northern Trust Corp | 2024-12-31 | 756.2 K | Blackrock Inc | 2024-12-31 | 10 M | Amvescap Plc. | 2024-12-31 | 7 M |
Bit Digital's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 338.1 M.Market Cap |
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Bit Digital's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.06 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.05 | 0.06 | |
| Return On Equity | 0.06 | 0.06 |
Determining Bit Digital's profitability involves analyzing its financial statements and using various financial metrics to determine if Bit Digital is a good buy. For example, gross profit margin measures Bit Digital's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Bit Digital's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Bit Digital's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bit Digital. Check Bit Digital's Beneish M Score to see the likelihood of Bit Digital's management manipulating its earnings.
Evaluate Bit Digital's management efficiency
Bit Digital has return on total asset (ROA) of 0.0464 % which means that it generated a profit of $0.0464 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0919 %, meaning that it created $0.0919 on every $100 dollars invested by stockholders. Bit Digital's management efficiency ratios could be used to measure how well Bit Digital manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.06 in 2025. Return On Capital Employed is likely to gain to 0.06 in 2025. Total Current Liabilities is likely to gain to about 57.8 M in 2025. Liabilities And Stockholders Equity is likely to gain to about 565.2 M in 2025| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.30 | 3.47 | |
| Tangible Book Value Per Share | 3.07 | 3.23 | |
| Enterprise Value Over EBITDA | 5.51 | 5.23 | |
| Price Book Value Ratio | 0.89 | 0.84 | |
| Enterprise Value Multiple | 5.51 | 5.23 | |
| Price Fair Value | 0.89 | 0.84 | |
| Enterprise Value | 329.8 M | 315.9 M |
Bit Digital's management has consistently demonstrated strong leadership, driving both financial growth and operational excellence. By analyzing current market trends and future growth opportunities, we assess the stock's true value and potential for investors.
Beta 6.072 |
Basic technical analysis of Bit Stock
As of the 15th of April 2025, Bit Digital shows the Risk Adjusted Performance of (0.22), mean deviation of 4.07, and Standard Deviation of 5.26. Bit Digital technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Bit Digital's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Bit Digital insiders, such as employees or executives, is commonly permitted as long as it does not rely on Bit Digital's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Bit Digital insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Pierce Brooks H over three months ago Insider Trading |
Bit Digital's Outstanding Corporate Bonds
Bit Digital issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Bit Digital uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Bit bonds can be classified according to their maturity, which is the date when Bit Digital has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand Bit Digital's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Bit Digital's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.22) | |||
| Market Risk Adjusted Performance | (0.68) | |||
| Mean Deviation | 4.07 | |||
| Coefficient Of Variation | (692.61) | |||
| Standard Deviation | 5.26 | |||
| Variance | 27.72 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.69) | |||
| Maximum Drawdown | 24.57 | |||
| Value At Risk | (8.95) | |||
| Potential Upside | 7.08 | |||
| Skewness | (0.40) | |||
| Kurtosis | 0.4379 |
| Risk Adjusted Performance | (0.22) | |||
| Market Risk Adjusted Performance | (0.68) | |||
| Mean Deviation | 4.07 | |||
| Coefficient Of Variation | (692.61) | |||
| Standard Deviation | 5.26 | |||
| Variance | 27.72 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.69) | |||
| Maximum Drawdown | 24.57 | |||
| Value At Risk | (8.95) | |||
| Potential Upside | 7.08 | |||
| Skewness | (0.40) | |||
| Kurtosis | 0.4379 |
Consider Bit Digital's intraday indicators
Bit Digital intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bit Digital stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Bit Digital time-series forecasting models is one of many Bit Digital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Bit Digital's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Bit Stock media impact
There is far too much social signal, news, headlines, and media speculation about Bit Digital that are available to investors today. This information is accessible both publicly - through Bit Digital's media outlets and privately, via word of mouth or internal channels. However, regardless of the source, the sheer volume of Bit-related data is difficult to distill into actionable insights, especially for investors who are not well-versed in the rapidly evolving tools and techniques of investment management.
A primary focus of Bit Digital news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Bit Digital relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Bit Digital's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Bit Digital alpha.
Bit Digital Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Bit Digital can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Bit Digital Corporate Management
| David Bayle | Chief Enovum | Profile | |
| Benjamin Lamson | Head Revenue | Profile | |
| Tom Sanfilippo | Chief Officer | Profile | |
| William CFA | Head Relations | Profile |
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.