Bit Digital Statistics
Total Valuation
Bit Digital has a market cap or net worth of $392.05 million. The enterprise value is $224.50 million.
| Market Cap | 392.05M |
| Enterprise Value | 224.50M |
Important Dates
The next estimated earnings date is Tuesday, August 13, 2024, before market open.
| Earnings Date | Aug 13, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Bit Digital has 121.00 million shares outstanding. The number of shares has increased by 47.04% in one year.
| Shares Outstanding | 121.00M |
| Shares Change (YoY) | +47.04% |
| Shares Change (QoQ) | +21.07% |
| Owned by Insiders (%) | 0.83% |
| Owned by Institutions (%) | 41.21% |
| Float | 120.75M |
Valuation Ratios
The trailing PE ratio is 10.80.
| PE Ratio | 10.80 |
| Forward PE | n/a |
| PS Ratio | 5.86 |
| Forward PS | 3.21 |
| PB Ratio | 1.48 |
| P/FCF Ratio | n/a |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 5.84 |
| EV / Sales | 3.35 |
| EV / EBITDA | 3.88 |
| EV / EBIT | 5.58 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 12.34, with a Debt / Equity ratio of 0.02.
| Current Ratio | 12.34 |
| Quick Ratio | n/a |
| Debt / Equity | 0.02 |
| Debt / EBITDA | 0.10 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 25.10% and return on invested capital (ROIC) is 11.81%.
| Return on Equity (ROE) | 25.10% |
| Return on Assets (ROA) | 22.30% |
| Return on Capital (ROIC) | 11.81% |
| Revenue Per Employee | $2.79M |
| Profits Per Employee | $1.60M |
| Employee Count | 24 |
| Asset Turnover | 0.39 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Bit Digital has paid $1.80 million in taxes.
| Income Tax | 1.80M |
| Effective Tax Rate | 4.48% |
Stock Price Statistics
The stock price has decreased by -29.41% in the last 52 weeks. The beta is 4.76, so Bit Digital's price volatility has been higher than the market average.
| Beta (5Y) | 4.76 |
| 52-Week Price Change | -29.41% |
| 50-Day Moving Average | 2.55 |
| 200-Day Moving Average | 2.59 |
| Relative Strength Index (RSI) | 59.29 |
| Average Volume (20 Days) | 11,631,493 |
Short Selling Information
The latest short interest is 19.97 million, so 16.51% of the outstanding shares have been sold short.
| Short Interest | 19.97M |
| Short Previous Month | 20.57M |
| Short % of Shares Out | 16.51% |
| Short % of Float | 16.54% |
| Short Ratio (days to cover) | 2.70 |
Income Statement
In the last 12 months, Bit Digital had revenue of $66.94 million and earned $38.45 million in profits. Earnings per share was $0.30.
| Revenue | 66.94M |
| Gross Profit | 26.39M |
| Operating Income | 33.50M |
| Pretax Income | 40.25M |
| Net Income | 38.45M |
| EBITDA | 57.88M |
| EBIT | 40.25M |
| Earnings Per Share (EPS) | $0.30 |
Balance Sheet
The company has $173.31 million in cash and $5.76 million in debt, giving a net cash position of $167.55 million or $1.38 per share.
| Cash & Cash Equivalents | 173.31M |
| Total Debt | 5.76M |
| Net Cash | 167.55M |
| Net Cash Per Share | $1.38 |
| Equity (Book Value) | 265.19M |
| Book Value Per Share | 2.19 |
| Working Capital | 174.19M |
Cash Flow
In the last 12 months, operating cash flow was -$18.28 million and capital expenditures -$67.12 million, giving a free cash flow of -$85.40 million.
| Operating Cash Flow | -18.28M |
| Capital Expenditures | -67.12M |
| Free Cash Flow | -85.40M |
| FCF Per Share | -$0.75 |
Margins
Gross margin is 39.42%, with operating and profit margins of 50.04% and 57.44%.
| Gross Margin | 39.42% |
| Operating Margin | 50.04% |
| Pretax Margin | 60.13% |
| Profit Margin | 57.44% |
| EBITDA Margin | 86.47% |
| EBIT Margin | 60.13% |
| 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 | -47.04% |
| Shareholder Yield | -47.04% |
| Earnings Yield | 9.81% |
| FCF Yield | -21.78% |
Analyst Forecast
The average price target for Bit Digital is $5.50, which is 69.75% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $5.50 |
| Price Target Difference | 69.75% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock 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 10.12 and a Piotroski F-Score of 4.
| Altman Z-Score | 10.12 |
| Piotroski F-Score | 4 |