Bit Digital (BTBT) Set to Report Earnings on March 14

Bit Digital (NASDAQ:BTBT – Get Free Report) is expected to announce its earnings results before the market opens on Friday, March 14th. Analysts are forecasting that the company will report a loss of ($0.04) per share along with revenue of $25.06 million for the quarter. For those interested in participating in the company's conference call, registration is available through a provided link.

Recent Performance of Bit Digital Stock

On Thursday, BTBT opened at $2.33. The company currently holds a market capitalization of $357.68 million with a price-to-earnings ratio of 38.83 and a beta of 5.13. Bit Digital has seen its stock fluctuate with a 50-day moving average price of $3.06 and a 200-day moving average price of $3.47. Over the past twelve months, the stock has reached a low of $1.76 and a high of $5.74.

Analysts Optimistic About Future Growth

Several brokerage firms have recently provided insights on BTBT's stock performance. For example, HC Wainwright reaffirmed a "buy" rating on Bit Digital with a price target of $7.00 in a report issued on November 19th. Additionally, Craig Hallum began coverage of Bit Digital on January 21st, assigning a "buy" rating and setting a price objective at $6.00.

Overview of Bit Digital's Operations

Bit Digital, Inc., along with its subsidiaries, engages primarily in the bitcoin mining sector. The company is involved in treasury management, digital asset staking, and mining activities related to digital assets, including ethereum staking. They also provide specialized cloud-infrastructure services tailored for artificial intelligence applications.

Further Insights and Analysis

As investors look ahead to the earnings announcement, understanding Bit Digital's performance and market position will be crucial. The anticipation surrounding their revenue and earnings will be observed closely by analysts and investors alike.

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