Bit Digital Stock Analysis

BTBT -  USA Stock  

USD 10.02  0.38  3.65%

The newest price gain of Bit Digital could raise concerns from private investors as the firm it trading at a share price of 10.02 on 14,772,673 in volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 16.56. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Bit Digital partners.
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The Bit Digital stock analysis report makes it easy to digest most publicly released information about Bit Digital and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Bit Digital Stock analysis module also helps to analyze the Bit Digital price relationship with some important fundamental indicators such as market cap and management efficiency.

Bit Digital Stock Analysis Notes

About 23.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 6 people. For more info on Bit Digital please contact the company at 86 21 61659027 or go to http://bit-digital.com.

Bit Digital Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Bit Digital's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Bit Digital or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Bit Digital is way too risky over 90 days horizon
Bit Digital appears to be risky and price may revert if volatility continues
Bit Digital has high likelihood to experience some financial distress in the next 2 years
Bit Digital was previously known as Bit Digital and was traded on NASDAQ Exchange under the symbol DNJR.
Bit Digital currently holds about 227.57 K in cash with (5.83 M) of positive cash flow from operations.
Bit Digital has a frail financial position based on the latest SEC disclosures
Roughly 23.0% of the company shares are held by company insiders
Latest headline from seekingalpha.com: Bit Digital stock drives up 48 percent after volatility triggers trading halt - Seeking Alpha

Bit Digital Upcoming and Recent Events

Earnings reports are used by Bit Digital to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bit Digital previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report5th of August 2021
Next Fiscal Quarter End30th of June 2021

Bit Digital SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Bit Digital prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Bit Digital investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Bit Digital specific information freely available to individual and institutional investors to make a timely investment decision.
15th of July 2021
Other Events
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13th of July 2021
Other Events
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22nd of June 2021
Unclassified Corporate Event
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8th of June 2021
Other Events
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27th of May 2021
Other Events
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18th of May 2021
Other Events. Unclassified Corporate Event
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6th of May 2021
Other Events
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26th of April 2021
Other Events
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Bit Digital Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 467.9 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bit Digital's market, we take the total number of its shares issued and multiply it by Bit Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Bit Digital Profitablity

Bit Digital's profitability indicators refer to fundamental financial ratios that showcase Bit Digital's ability to generate income relative to its revenue or operating costs. If, let's say, Bit Digital is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Bit Digital's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Bit Digital's profitability requires more research than a typical breakdown of Bit Digital's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 58.05 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 41.31 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.41.
Last ReportedProjected for 2021
Return on Average Assets(0.09) (0.09) 
Return on Average Equity(0.09) (0.1) 
Return on Invested Capital(0.09) (0.1) 
Return on Sales 0.05  0.05 

Management Efficiency

The entity has return on total asset (ROA) of 36.46 % which means that it generated profit of $36.46 on every $100 spent on asset. This is very large. Similarly, it shows return on stockholders equity (ROE) of 95.71 %, meaning that it created $95.71 on every $100 dollars invested by stockholders. Bit Digital management efficiency ratios could be used to measure how well bit digital manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is likely to drop to -0.09 in 2021. Return on Average Equity is likely to drop to -0.1 in 2021. Total Liabilities is likely to gain to about 2 M in 2021. Current Liabilities is likely to gain to about 2 M in 2021
Last ReportedProjected for 2021
Book Value per Share 1.24  1.27 
Enterprise Value over EBIT(158.40) (162.57) 
Enterprise Value over EBITDA 238.11  256.91 
Price to Book Value 8.88  8.09 
Tangible Assets Book Value per Share 1.30  1.34 
Enterprise Value336.8 M363.4 M
Tangible Asset Value39.9 M43 M

Technical Drivers

As of the 3rd of August, Bit Digital shows the Downside Deviation of 8.29, mean deviation of 6.18, and Risk Adjusted Performance of 0.0667. Bit Digital technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for Bit Digital, which can be compared to its rivals. Please confirm Bit Digital variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Bit Digital is priced correctly, providing market reflects its regular price of 10.02 per share. Given that Bit Digital has jensen alpha of 1.19, we suggest you to validate Bit Digital's prevailing market performance to make sure the company can sustain itself at a future point.

Bit Digital Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Mid-point over period is an average of Bit Digital highest and lowest values attained during the given period. View also all equity analysis or get more info about midpoint over period overlap studies indicator.

Bit Digital Predictive Daily Indicators

Bit Digital intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bit Digital stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Bit Digital Forecast Models

Bit Digital time-series forecasting models is one of many Bit Digital's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Bit Digital's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Bit Digital Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Bit Digital stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Bit Digital shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Bit Digital. By using and applying Bit Digital Stock analysis, traders can create a robust methodology for identifying Bit Digital entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin 0.06  0.06 
Gross Margin 0.90  0.89 
Profit Margin 0.0387  0.0385 
The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 6 people.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Bit Digital to your portfolios without increasing risk or reducing expected return.

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Continue to Trending Equities. Note that the Bit Digital information on this page should be used as a complementary analysis to other Bit Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Bit Digital price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.
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The market value of Bit Digital is measured differently than its book value, which is the value of Bit Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Digital's market value can be influenced by many factors that don't directly affect Bit Digital underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine Bit Digital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.