Noble Financial Forecasts Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Noble Financial issued their Q1 2025 earnings per share estimates for shares of Bit Digital in a research report issued to clients and investors on Tuesday, November 19th. Noble Financial analyst J. Gomes forecasts that the company will earn $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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Bit Digital had a negative return on equity of 1.48% and a net margin of 33.30%. The business had revenue of $28.95 million during the quarter, compared to the consensus estimate of $26.63 million.

A number of other brokerages have also commented on BTBT. B. Riley began coverage on shares of Bit Digital in a research report on Thursday, October 24th. 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 target on shares of Bit Digital in a research note on Tuesday.

Bit Digital Stock Performance

NASDAQ BTBT opened at $4.03 on Wednesday. Bit Digital has a 52 week low of $1.76 and a 52 week high of $5.74. The stock’s 50 day moving average price is $3.67 and its two-hundred day moving average price is $3.26. The stock has a market capitalization of $332.39 million, a price-to-earnings ratio of 67.17 and a beta of 4.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in shares of Bit Digital by 66.6% in the 2nd quarter. Millennium Management LLC now owns 2,586,392 shares of the company’s stock valued at $8,225,000 after buying an additional 1,033,767 shares during the last quarter. Vident Advisory LLC raised its position in Bit Digital by 79.6% during the first quarter. Vident Advisory LLC now owns 2,121,581 shares of the company’s stock worth $6,089,000 after acquiring an additional 940,161 shares in the last quarter. Van ECK Associates Corp lifted 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 valued at $17,259,000 after acquiring an additional 898,329 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Bit Digital in the 2nd quarter valued at about $2,126,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bit Digital by 192.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock worth $2,831,000 after purchasing an additional 530,411 shares during the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.

Bit Digital Company Profile

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.