Noble Financial Predicts Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Research analysts at Noble Financial issued their Q1 2025 EPS estimates for shares of Bit Digital in a report released on Tuesday, November 19th. Noble Financial analyst J. Gomes expects that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.06) per share. Noble Financial also issued estimates for Bit Digital’s Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.08 EPS.

Bit Digital (NASDAQ:BTBT) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%. The business had revenue of $28.95 million for the quarter, compared to analysts’ expectations of $26.63 million.

Several other analysts have also issued reports on BTBT. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research note on Tuesday. B. Riley started coverage on Bit Digital in a research note on Thursday, October 24th. They issued a “buy” rating and a $6.00 target price on the stock.

Bit Digital Trading Down 1.4 %

BTBT stock opened at $4.00 on Wednesday. The stock’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $3.27. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.74. The stock has a market cap of $332.41 million, a P/E ratio of 66.58 and a beta of 4.79.

Institutional Trading of Bit Digital

Several hedge funds and other institutional investors have recently bought and sold shares of BTBT. State Street Corp increased its stake in shares of Bit Digital by 1.7% during the third quarter. State Street Corp now owns 5,597,517 shares of the company’s stock valued at $19,647,000 after buying an additional 94,762 shares during the period. Van ECK Associates Corp grew its stake in Bit Digital by 25.2% in the third quarter. Van ECK Associates Corp now owns 4,459,689 shares of the company’s stock worth $17,259,000 after purchasing an additional 898,329 shares during the period. Millennium Management LLC grew its stake in Bit Digital by 66.6% in the second quarter. Millennium Management LLC now owns 2,586,392 shares of the company’s stock worth $8,225,000 after purchasing an additional 1,033,767 shares during the period. Geode Capital Management LLC grew its stake in Bit Digital by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,425,057 shares of the company’s stock worth $8,512,000 after purchasing an additional 42,375 shares during the period. Finally, Vident Advisory LLC grew its stake in Bit Digital by 79.6% in the first quarter. Vident Advisory LLC now owns 2,121,581 shares of the company’s stock worth $6,089,000 after purchasing an additional 940,161 shares during the period. Institutional investors own 47.70% of the company’s stock.

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.