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Saturday, December 9, 2023

Is Bit Digital Inc (NASDAQ: BTBT) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Bit Digital Inc (BTBT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.86%, to $2.34. The Bit Digital Inc has recorded 26,956 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Bit Digital, Inc. Announces New Hosting Location.

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Stocks Info

Bit Digital Inc is listed on the NASDAQ in the Financial sector while operating in the Capital Markets industry. At the end of the last regular session, the stock closed at $2.32 and fluctuated between $2.3900 as its day high and $2.2500 as its day low. The current market capitalization of Bit Digital Inc is $197.27M. A total of 3.35 million shares were traded on the day, compared to an average of 3.10M shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BTBT in the last 3 months, the mean price target is $4.13 with high estimates of $4.50 and low estimates of $3.90. In terms of 52-week highs and lows, BTBT has a high of $4.80 and a low of $0.53.

As of this writing, BTBT has an earnings estimate of $ProShares UltraShort Lehman 20 per share for the current quarter. EPS was calculated based on a consensus of Bit Digital, Inc. estimates, with a high estimate of $BlackRock Municipal 2030 Target per share and a lower estimate of $BTC Digital Ltd.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BTBT’s latest balance sheet shows that the firm has $42.40M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.97, while its Total Shareholder’s Equity was $171.64M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BTBT is Buy with a score of 5.00.

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