Bit Digital Stock Performance
| BTBT Stock | USD 2.58 0.08 3.20% |
On a scale of 0 to 100, Bit Digital holds a performance score of 3. The firm shows a Beta (market volatility) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bit Digital will likely underperform. Please check Bit Digital's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Bit Digital's price patterns will revert.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Bit Digital are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain fundamental drivers, Bit Digital unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 18.2 M | |
| Free Cash Flow | -107 M |
Bit Digital Relative Risk vs. Return Landscape
If you would invest 246.00 in Bit Digital on February 28, 2025 and sell it today you would earn a total of 12.00 from holding Bit Digital or generate 4.88% return on investment over 90 days. Bit Digital is currently generating 0.2178% in daily expected returns and assumes 5.341% risk (volatility on return distribution) over the 90 days horizon. In different words, 47% of stocks are less volatile than Bit, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Bit Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bit Digital's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bit Digital, and traders can use it to determine the average amount a Bit Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0408
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.34 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Bit Digital is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bit Digital by adding it to a well-diversified portfolio.
Bit Digital Fundamentals Growth
Bit Stock prices reflect investors' perceptions of the future prospects and financial health of Bit Digital, and Bit Digital fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bit Stock performance.
| Return On Equity | -0.23 | ||||
| Return On Asset | -0.12 | ||||
| Profit Margin | (0.78) % | ||||
| Operating Margin | (2.12) % | ||||
| Current Valuation | 481.29 M | ||||
| Shares Outstanding | 207.78 M | ||||
| Price To Earning | 12.29 X | ||||
| Price To Book | 1.27 X | ||||
| Price To Sales | 5.09 X | ||||
| Revenue | 163.76 M | ||||
| EBITDA | 59.87 M | ||||
| Cash And Equivalents | 44.3 M | ||||
| Cash Per Share | 0.54 X | ||||
| Total Debt | 13.81 M | ||||
| Debt To Equity | 0.02 % | ||||
| Book Value Per Share | 2.23 X | ||||
| Cash Flow From Operations | (12.99 M) | ||||
| Earnings Per Share | (0.56) X | ||||
| Total Asset | 538.25 M | ||||
| Retained Earnings | (98.21 M) | ||||
About Bit Digital Performance
Assessing Bit Digital's fundamental ratios provides investors with valuable insights into Bit Digital's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Bit Digital is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York. Bit Digital operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.Things to note about Bit Digital performance evaluation
Checking the ongoing alerts about Bit Digital for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bit Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bit Digital had very high historical volatility over the last 90 days | |
| 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. |
- Analyzing Bit Digital's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bit Digital's stock is overvalued or undervalued compared to its peers.
- Examining Bit Digital's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bit Digital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bit Digital's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bit Digital's stock. These opinions can provide insight into Bit Digital's potential for growth and whether the stock is currently undervalued or overvalued.
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.