Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders bought 11,208 call options on the stock. This represents an increase of approximately 58% compared to the average daily volume of 7,079 call options.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Bit Digital in a research note on Friday, July 12th.
Read Our Latest Report on BTBT
Institutional Trading of Bit Digital
Bit Digital Price Performance
Shares of BTBT stock opened at $4.04 on Wednesday. The firm has a 50-day moving average of $3.04 and a 200-day moving average of $2.70. Bit Digital has a one year low of $1.76 and a one year high of $5.27. The company has a market cap of $333.22 million, a P/E ratio of 13.47 and a beta of 4.90.
Bit Digital (NASDAQ:BTBT – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Bit Digital had a net margin of 57.44% and a return on equity of 0.30%. The firm had revenue of $30.29 million during the quarter, compared to analyst estimates of $25.61 million. As a group, research analysts expect that Bit Digital will post -0.02 earnings per share for the current fiscal year.
Bit Digital Company Profile
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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