Bit Digital Inc. (BTBT)
Bit Digital Statistics
Share Statistics
Bit Digital has 153.51M shares outstanding. The number of shares has increased by 29.96% in one year.
| Shares Outstanding | 153.51M |
| Shares Change (YoY) | 29.96% |
| Shares Change (QoQ) | 3.87% |
| Owned by Institutions (%) | 42.16% |
| Shares Floating | 150.17M |
| Failed to Deliver (FTD) Shares | 40 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 25.69M, so 16.74% of the outstanding shares have been sold short.
| Short Interest | 25.69M |
| Short % of Shares Out | 16.74% |
| Short % of Float | 17.11% |
| Short Ratio (days to cover) | 2.64 |
Valuation Ratios
The PE ratio is -24 and the forward PE ratio is 15.68. Bit Digital's PEG ratio is 0.27.
| PE Ratio | -24 |
| Forward PE | 15.68 |
| PS Ratio | 7.43 |
| Forward PS | 1.1 |
| PB Ratio | 2.18 |
| P/FCF Ratio | -5.09 |
| PEG Ratio | 0.27 |
Enterprise Valuation
Bit Digital Inc. has an Enterprise Value (EV) of 321.54M.
| EV / Earnings | -23.14 |
| EV / Sales | 7.16 |
| EV / EBITDA | -26.12 |
| EV / EBIT | -19.35 |
| EV / FCF | -4.9 |
Financial Position
The company has a current ratio of 3.08, with a Debt / Equity ratio of 0.04.
| Current Ratio | 3.08 |
| Quick Ratio | 3.04 |
| Debt / Equity | 0.04 |
| Total Debt / Capitalization | 3.91 |
| Cash Flow / Debt | 0.18 |
| Interest Coverage | 0 |
Financial Efficiency
Return on equity (ROE) is -0.09% and return on capital (ROIC) is -10.67%.
| Return on Equity (ROE) | -0.09% |
| Return on Assets (ROA) | -0.07% |
| Return on Capital (ROIC) | -10.67% |
| Revenue Per Employee | $1,871,505.46 |
| Profits Per Employee | $-578,886.71 |
| Employee Count | 24 |
| Asset Turnover | 0.24 |
| Inventory Turnover | 28.37 |
Taxes
| Income Tax | 279.04K |
| Effective Tax Rate | -0.02 |
Stock Price Statistics
The stock price has increased by -7.97% in the last 52 weeks. The beta is 4.89, so Bit Digital's price volatility has been higher than the market average.
| Beta | 4.89 |
| 52-Week Price Change | -7.97% |
| 50-Day Moving Average | 3.2 |
| 200-Day Moving Average | 3.38 |
| Relative Strength Index (RSI) | 29.38 |
| Average Volume (20 Days) | 17.41M |
Income Statement
In the last 12 months, Bit Digital had revenue of 44.92M and earned -13.89M in profits. Earnings per share was -0.16.
| Revenue | 44.92M |
| Gross Profit | 15.36M |
| Operating Income | -16.62M |
| Net Income | -13.89M |
| EBITDA | -12.31M |
| EBIT | -16.62M |
| Earnings Per Share (EPS) | -0.16 |
Balance Sheet
The company has 16.86M in cash and 6.22M in debt, giving a net cash position of 10.64M.
| Cash & Cash Equivalents | 16.86M |
| Total Debt | 6.22M |
| Net Cash | 10.64M |
| Retained Earnings | -146.91M |
| Total Assets | 375.97M |
| Working Capital | 209.47M |
Cash Flow
In the last 12 months, operating cash flow was 1.11M and capital expenditures -66.66M, giving a free cash flow of -65.55M.
| Operating Cash Flow | 1.11M |
| Capital Expenditures | -66.66M |
| Free Cash Flow | -65.55M |
| FCF Per Share | -0.75 |
Margins
Gross margin is 34.2%, with operating and profit margins of -37% and -30.93%.
| Gross Margin | 34.2% |
| Operating Margin | -37% |
| Pretax Margin | -30.31% |
| Profit Margin | -30.93% |
| EBITDA Margin | -27.4% |
| EBIT Margin | -37% |
| FCF Margin | -145.95% |
Dividends & Yields
BTBT does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | -6.93% |
| FCF Yield | -18.53% |
Analyst Forecast
The average price target for BTBT is $6, which is 159.7% higher than the current price. The consensus rating is "Buy".
| Price Target | $6 |
| Price Target Difference | 159.7% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
Scores
| Altman Z-Score | 4.46 |
| Piotroski F-Score | 3 |