Bit Digital Q1 EPS Forecast Decreased by Northland Capmk

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Northland Capmk cut their Q1 2025 earnings per share estimates for shares of Bit Digital in a research note issued on Monday, March 17th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of ($0.04) 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. Northland Capmk also issued estimates for Bit Digital’s Q2 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.07) EPS.

A number of other research firms have also recently commented on BTBT. Craig Hallum assumed coverage on Bit Digital in a report on Tuesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Bit Digital in a report on Monday.

Bit Digital Price Performance

BTBT opened at $2.40 on Wednesday. The company’s 50 day simple moving average is $2.92 and its two-hundred day simple moving average is $3.43. Bit Digital has a 1-year low of $1.76 and a 1-year high of $5.74. The firm has a market capitalization of $368.42 million, a price-to-earnings ratio of 40.00 and a beta of 5.13.

Bit Digital (NASDAQ:BTBT) last posted its earnings results on Friday, March 14th. The company reported ($0.11) 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 analyst estimates of $25.06 million. During the same quarter last year, the business earned ($0.16) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BTBT. OLD Mission Capital LLC purchased a new position in shares of Bit Digital during the 4th quarter worth approximately $31,000. Cibc World Markets Corp purchased a new position in shares of Bit Digital during the 4th quarter worth approximately $33,000. Wedbush Securities Inc. purchased a new position in shares of Bit Digital during the 4th quarter worth approximately $37,000. Stifel Financial Corp purchased a new position in shares of Bit Digital during the 3rd quarter worth approximately $38,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Bit Digital during the 4th quarter worth approximately $38,000. 47.70% of the stock is owned by hedge funds and other 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.