Bit Digital (BTBT) to Release Quarterly Earnings on Friday

Bit Digital (NASDAQ:BTBT) is expected to be announcing its earnings results before the market opens on Friday, March 14th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $25.06 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Bit Digital Stock Down 1.7 %

Shares of BTBT stock opened at $2.33 on Thursday. The stock has a market cap of $357.68 million, a price-to-earnings ratio of 38.83 and a beta of 5.13. Bit Digital has a fifty-two week low of $1.76 and a fifty-two week high of $5.74. The firm’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $3.47.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BTBT shares. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research note on Tuesday, November 19th. Craig Hallum started coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock.

About Bit Digital

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.