Bit Digital, Inc. (BTBT)
NASDAQ: BTBT · IEX Real-Time Price · USD
2.180
+0.200 (10.10%)
At close: Apr 22, 2024, 4:00 PM
2.260
+0.080 (3.67%)
After-hours: Apr 22, 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 152.29% from the current stock price of 2.18.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 20, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 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 | 1 | 1 | 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 | +129.36% | Mar 20, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $6 | Buy | Initiates | $6 | +175.23% | Feb 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4 → $5 | Strong Buy | Maintains | $4 → $5 | +129.36% | Dec 4, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +83.49% | Aug 17, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3 → $4 | Strong Buy | Maintains | $3 → $4 | +83.49% | Jun 14, 2023 |
Financial Forecast
Revenue This Year
110.96M
from 44.92M
Increased by 147.04%
Revenue Next Year
138.40M
from 110.96M
Increased by 24.73%
EPS This Year
0.02
from -0.16
EPS Next Year
0.07
from 0.02
Increased by 196.31%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 135.5M | 157.5M |
| Avg | 111.0M | 138.4M |
| Low | 88.2M | 111.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 201.6% | 41.9% |
| Avg | 147.0% | 24.7% |
| Low | 96.4% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.23 | 0.30 |
| Avg | 0.02 | 0.07 |
| Low | -0.23 | -0.16 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 1,226.8% |
| Avg | - | 196.3% |
| Low | - | - |
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.