Bit Digital Statistics
Total Valuation
Bit Digital has a market cap or net worth of $272.27 million. The enterprise value is $210.97 million.
| Market Cap | 272.27M |
| Enterprise Value | 210.97M |
Important Dates
The next estimated earnings date is Monday, June 10, 2024, after market close.
| Earnings Date | Jun 10, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Bit Digital has 118.12 million shares outstanding. The number of shares has increased by 11.35% in one year.
| Shares Outstanding | 118.12M |
| Shares Change (YoY) | +11.35% |
| Shares Change (QoQ) | +7.29% |
| Owned by Insiders (%) | 0.94% |
| Owned by Institutions (%) | 42.86% |
| Float | 107.02M |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 112.25 |
| PS Ratio | 6.01 |
| Forward PS | 2.43 |
| PB Ratio | 1.77 |
| P/FCF Ratio | n/a |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | n/a |
| EV / Sales | 4.70 |
| EV / EBITDA | 259.66 |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 3.08, with a Debt / Equity ratio of 0.04.
| Current Ratio | 3.08 |
| Quick Ratio | n/a |
| Debt / Equity | 0.04 |
| Debt / EBITDA | 7.65 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is -12.80% and return on invested capital (ROIC) is -10.46%.
| Return on Equity (ROE) | -12.80% |
| Return on Assets (ROA) | -11.30% |
| Return on Capital (ROIC) | -10.46% |
| Revenue Per Employee | $1.87M |
| Profits Per Employee | -$578,887 |
| Employee Count | 24 |
| Asset Turnover | 0.37 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Bit Digital has paid $279,044 in taxes.
| Income Tax | 279,044 |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +35.15% in the last 52 weeks. The beta is 4.82, so Bit Digital's price volatility has been higher than the market average.
| Beta (1Y) | 4.82 |
| 52-Week Price Change | +35.15% |
| 50-Day Moving Average | 2.44 |
| 200-Day Moving Average | 2.74 |
| Relative Strength Index (RSI) | 49.36 |
| Average Volume (30 Days) | 7,728,022 |
Short Selling Information
The latest short interest is 20.75 million, so 17.57% of the outstanding shares have been sold short.
| Short Interest | 20.75M |
| Short Previous Month | 18.13M |
| Short % of Shares Out | 17.57% |
| Short % of Float | 19.39% |
| Short Ratio (days to cover) | 2.82 |
Income Statement
In the last 12 months, Bit Digital had revenue of $44.92 million and -$13.89 million in losses. Loss per share was -$0.16.
| Revenue | 44.92M |
| Gross Profit | 15.36M |
| Operating Income | -16.62M |
| Pretax Income | -13.61M |
| Net Income | -13.89M |
| EBITDA | 812,496 |
| EBIT | -13.61M |
| Loss Per Share | -$0.16 |
Balance Sheet
The company has $65.16 million in cash and $6.22 million in debt, giving a net cash position of $58.94 million or $0.50 per share.
| Cash & Cash Equivalents | 65.16M |
| Total Debt | 6.22M |
| Net Cash | 58.94M |
| Net Cash Per Share | $0.50 |
| Equity / Book Value | 152.70M |
| Book Value Per Share | 1.29 |
| Working Capital | 56.26M |
Cash Flow
In the last 12 months, operating cash flow was $1.11 million and capital expenditures -$66.66 million, giving a free cash flow of -$65.55 million.
| Operating Cash Flow | 1.11M |
| Capital Expenditures | -66.66M |
| Free Cash Flow | -65.55M |
| FCF Per Share | -$0.75 |
Margins
Gross margin is 34.20%, with operating and profit margins of -37.00% and -30.93%.
| Gross Margin | 34.20% |
| Operating Margin | -37.00% |
| Pretax Margin | -30.31% |
| Profit Margin | -30.93% |
| EBITDA Margin | 1.81% |
| EBIT Margin | -30.31% |
| FCF Margin | -145.95% |
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 | -11.35% |
| Shareholder Yield | -11.35% |
| Earnings Yield | -5.15% |
| FCF Yield | -24.29% |
Analyst Forecast
The average price target for Bit Digital is $5.50, which is 140.18% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $5.50 |
| Price Target Difference | 140.18% |
| 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 3.69 and a Piotroski F-Score of 3.
| Altman Z-Score | 3.69 |
| Piotroski F-Score | 3 |