Bit Digital, Inc. (BTBT)
NASDAQ: BTBT · IEX Real-Time Price · USD
3.240
-0.150 (-4.42%)
At close: Jul 2, 2024, 4:00 PM
3.230
-0.010 (-0.31%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Bit Digital Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Bit Digital stock have an average target of 5.50, with a low estimate of 5.00 and a high estimate of 6.00. The average target predicts an increase of 69.75% from the current stock price of 3.24.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 17, 2024.
Analyst Ratings
The average analyst rating for Bit Digital stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +54.32% | May 17, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +54.32% | Mar 20, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $6 | Buy | Initiates | $6 | +85.19% | Feb 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4 → $5 | Strong Buy | Maintains | $4 → $5 | +54.32% | Dec 4, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +23.46% | Aug 17, 2023 |
Financial Forecast
Revenue This Year
132.20M
from 44.92M
Increased by 194.33%
Revenue Next Year
185.27M
from 132.20M
Increased by 40.14%
EPS This Year
0.46
from -0.16
EPS Next Year
0.30
from 0.46
Decreased by -35.91%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 145.9M | 215.3M |
| Avg | 132.2M | 185.3M |
| Low | 106.4M | 140.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 224.7% | 62.8% |
| Avg | 194.3% | 40.1% |
| Low | 136.9% | 5.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.54 | 0.43 |
| Avg | 0.46 | 0.30 |
| Low | 0.33 | 0.07 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | -6.7% |
| Avg | - | -35.9% |
| Low | - | -85.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.