Bit Digital (BTBT) to Release Earnings on Monday

Bit Digital (NASDAQ:BTBT) is scheduled to post its quarterly earnings results after the market closes on Monday, August 19th. Analysts expect Bit Digital to post earnings of ($0.03) per share for the quarter.

Bit Digital (NASDAQ:BTBT) last announced its earnings results on Wednesday, May 15th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $30.29 million during the quarter, compared to analyst estimates of $25.61 million. Bit Digital had a return on equity of 0.30% and a net margin of 57.44%. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Stock Up 3.8 %

Shares of NASDAQ BTBT opened at $3.01 on Wednesday. The company has a market cap of $248.27 million, a price-to-earnings ratio of 10.03 and a beta of 4.90. Bit Digital has a 12-month low of $1.76 and a 12-month high of $5.27. The firm’s 50-day simple moving average is $3.26 and its 200 day simple moving average is $2.74.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Bit Digital in a research note on Friday, July 12th.

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.