Bit Digital Statistics
Total Valuation
Bit Digital has a market cap or net worth of $497.62 million. The enterprise value is $452.94 million.
Important Dates
The next estimated earnings date is Tuesday, November 12, 2024, before market open.
| Earnings Date | Nov 12, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Bit Digital has 147.66 million shares outstanding. The number of shares has increased by 29.85% in one year.
| Shares Outstanding | 147.66M |
| Shares Change (YoY) | +29.85% |
| Shares Change (QoQ) | +10.78% |
| Owned by Insiders (%) | 0.50% |
| Owned by Institutions (%) | 39.06% |
| Float | 146.92M |
Valuation Ratios
The trailing PE ratio is 12.52 and the forward PE ratio is 10.77.
| PE Ratio | 12.52 |
| Forward PE | 10.77 |
| PS Ratio | 4.15 |
| Forward PS | 4.06 |
| PB Ratio | 1.62 |
| P/FCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 15.66 |
| EV / Sales | 5.22 |
| EV / EBITDA | 54.90 |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 21.16, with a Debt / Equity ratio of 0.02.
| Current Ratio | 21.16 |
| Quick Ratio | 6.85 |
| Debt / Equity | 0.02 |
| Debt / EBITDA | 0.64 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 14.95% and return on invested capital (ROIC) is -4.46%.
| Return on Equity (ROE) | 14.95% |
| Return on Assets (ROA) | -4.21% |
| Return on Capital (ROIC) | -4.46% |
| Revenue Per Employee | $3.62M |
| Profits Per Employee | $1.21M |
| Employee Count | 24 |
| Asset Turnover | 0.42 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Bit Digital has paid $2.24 million in taxes.
| Income Tax | 2.24M |
| Effective Tax Rate | 7.17% |
Stock Price Statistics
The stock price has increased by +47.20% in the last 52 weeks. The beta is 4.80, so Bit Digital's price volatility has been higher than the market average.
| Beta (5Y) | 4.80 |
| 52-Week Price Change | +47.20% |
| 50-Day Moving Average | 3.37 |
| 200-Day Moving Average | 2.92 |
| Relative Strength Index (RSI) | 44.10 |
| Average Volume (20 Days) | 10,797,493 |
Short Selling Information
The latest short interest is 26.48 million, so 17.93% of the outstanding shares have been sold short.
| Short Interest | 26.48M |
| Short Previous Month | 25.94M |
| Short % of Shares Out | 17.93% |
| Short % of Float | 18.02% |
| Short Ratio (days to cover) | 3.14 |
Income Statement
In the last 12 months, Bit Digital had revenue of $86.85 million and earned $28.92 million in profits. Earnings per share was $0.27.
| Revenue | 86.85M |
| Gross Profit | 36.81M |
| Operating Income | -14.00M |
| Pretax Income | 40.25M |
| Net Income | 28.92M |
| EBITDA | 8.25M |
| EBIT | -14.00M |
| Earnings Per Share (EPS) | $0.27 |
Full Income StatementBalance Sheet
The company has $59.02 million in cash and $5.28 million in debt, giving a net cash position of $53.74 million or $0.36 per share.
| Cash & Cash Equivalents | 59.02M |
| Total Debt | 5.28M |
| Net Cash | 53.74M |
| Net Cash Per Share | $0.36 |
| Equity (Book Value) | 295.28M |
| Book Value Per Share | 2.08 |
| Working Capital | 206.92M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was -$19.94 million and capital expenditures -$65.07 million, giving a free cash flow of -$85.01 million.
| Operating Cash Flow | -19.94M |
| Capital Expenditures | -65.07M |
| Free Cash Flow | -85.01M |
| FCF Per Share | -$0.58 |
Full Cash Flow StatementMargins
Gross margin is 42.38%, with operating and profit margins of -16.12% and 33.30%.
| Gross Margin | 42.38% |
| Operating Margin | -16.12% |
| Pretax Margin | 35.87% |
| Profit Margin | 33.30% |
| EBITDA Margin | 9.50% |
| EBIT Margin | -16.12% |
| FCF Margin | -127.58% |
Dividends & Yields
Bit Digital does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -29.85% |
| Shareholder Yield | -29.85% |
| Earnings Yield | 5.81% |
| FCF Yield | -17.08% |
Analyst Forecast
The average price target for Bit Digital is $6.33, which is 87.83% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $6.33 |
| Price Target Difference | 87.83% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsStock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
Bit Digital has an Altman Z-Score of 8.21 and a Piotroski F-Score of 4.
| Altman Z-Score | 8.21 |
| Piotroski F-Score | 4 |