Bit Digital (BTBT) to Release Quarterly Earnings on Friday

Bit Digital (NASDAQ:BTBT) will likely be issuing its quarterly earnings data 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Bit Digital Stock Performance

Bit Digital stock opened at $2.33 on Thursday. The company has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $3.47. The firm has a market capitalization of $357.68 million, a P/E ratio of 38.83 and a beta of 5.13. Bit Digital has a one year low of $1.76 and a one year high of $5.74.

Wall Street Analyst Weigh In

BTBT has been the subject of several recent research reports. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research report on Tuesday, November 19th. Craig Hallum initiated coverage on shares of Bit Digital in a research report on Tuesday, January 21st. They set a “buy” rating and a $6.00 price target for the company.

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.