Q1 EPS Estimates for Bit Digital Reduced by Noble Financial

Bit Digital, Inc. (NASDAQ:BTBT) – Stock analysts at Noble Financial lowered their Q1 2025 earnings per share estimates for shares of Bit Digital in a research note issued to investors on Tuesday, March 18th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. Noble Financial also issued estimates for Bit Digital’s Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.07) EPS and FY2026 earnings at $0.07 EPS.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%. The business had revenue of $26.10 million for the quarter, compared to analysts’ expectations of $25.06 million. During the same quarter in the prior year, the firm earned ($0.16) EPS.

A number of other research analysts also recently weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of Bit Digital in a report on Monday. Craig Hallum started coverage on Bit Digital in a report on Tuesday, January 21st. They set a “buy” rating and a $6.00 target price on the stock.

Bit Digital Price Performance

Shares of NASDAQ:BTBT opened at $2.42 on Thursday. Bit Digital has a 1 year low of $1.76 and a 1 year high of $5.74. The stock’s 50-day moving average is $2.94 and its 200 day moving average is $3.43. The company has a market cap of $371.49 million, a PE ratio of 40.33 and a beta of 5.13.

Institutional Trading of Bit Digital

A number of hedge funds have recently made changes to their positions in BTBT. OLD Mission Capital LLC bought a new stake in shares of Bit Digital in the 4th quarter worth approximately $31,000. Cibc World Markets Corp bought a new position in Bit Digital in the 4th quarter valued at approximately $33,000. Wedbush Securities Inc. bought a new position in shares of Bit Digital during the 4th quarter valued at $37,000. Stifel Financial Corp bought a new position in shares of Bit Digital during the 3rd quarter valued at $38,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Bit Digital during the 4th quarter valued at $38,000. 47.70% of the stock is owned by institutional investors.

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.