The stock price of Bit Digital Inc (NASDAQ: BTBT) has dropped by -0.42 compared to previous close of 2.37. Despite this, the company has seen a fall of -7.45% in its stock price over the last five trading days. zacks.com reported 2025-05-22 that Bit Digital (BTBT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in Bit Digital Inc (NASDAQ: BTBT) Right Now?
The 36-month beta value for BTBT is at 5.38. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BTBT is 203.26M, and currently, shorts hold a 14.30% of that float. The average trading volume for BTBT on June 02, 2025 was 14.61M shares.
BTBT’s Market Performance
BTBT’s stock has seen a -7.45% decrease for the week, with a 21.65% rise in the past month and a -4.07% fall in the past quarter. The volatility ratio for the week is 3.56%, and the volatility levels for the past 30 days are at 4.78% for Bit Digital Inc. The simple moving average for the past 20 days is 3.78% for BTBT’s stock, with a -23.86% simple moving average for the past 200 days.
Analysts’ Opinion of BTBT
Many brokerage firms have already submitted their reports for BTBT stocks, with Craig Hallum repeating the rating for BTBT by listing it as a “Buy.” The predicted price for BTBT in the upcoming period, according to Craig Hallum is $6 based on the research report published on January 21, 2025 of the current year 2025.
B. Riley Securities, on the other hand, stated in their research note that they expect to see BTBT reach a price target of $6. The rating they have provided for BTBT stocks is “Buy” according to the report published on October 24th, 2024.
Northland Capital gave a rating of “Outperform” to BTBT, setting the target price at $6 in the report published on February 13th of the previous year.
BTBT Trading at 10.98% from the 50-Day Moving Average
After a stumble in the market that brought BTBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.89% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares surge +14.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.48% lower at present.
During the last 5 trading sessions, BTBT fell by -7.45%, which changed the moving average for the period of 200-days by -18.62% in comparison to the 20-day moving average, which settled at $2.27. In addition, Bit Digital Inc saw -19.45% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTBT
Current profitability levels for the company are sitting at:
- -0.7 for the present operating margin
- 0.97 for the gross margin
The net margin for Bit Digital Inc stands at -0.77. The total capital return value is set at -0.16. Equity return is now at value -23.29, with -20.48 for asset returns.
Based on Bit Digital Inc (BTBT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.8.
Currently, EBITDA for the company is 59.87 million with net debt to EBITDA at -0.95. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 40.64for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.88.
Conclusion
In conclusion, Bit Digital Inc (BTBT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
