Bit Digital Inc. (BTBT)
Bit Digital Statistics
Share Statistics
Bit Digital has 182.76M shares outstanding. The number of shares has increased by 50.77% in one year.
| Shares Outstanding | 182.76M |
| Shares Change (YoY) | 50.77% |
| Shares Change (QoQ) | 18.84% |
| Owned by Institutions (%) | 41.88% |
| Shares Floating | 178.78M |
| Failed to Deliver (FTD) Shares | 1.85K |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 31.08M, so 17% of the outstanding shares have been sold short.
| Short Interest | 31.08M |
| Short % of Shares Out | 17% |
| Short % of Float | 17.41% |
| Short Ratio (days to cover) | 2.07 |
Valuation Ratios
The PE ratio is 14.53 and the forward PE ratio is 8.04. Bit Digital's PEG ratio is -0.06.
| PE Ratio | 14.53 |
| Forward PE | 8.04 |
| PS Ratio | 2.51 |
| Forward PS | 1.1 |
| PB Ratio | 0.89 |
| P/FCF Ratio | -3.84 |
| PEG Ratio | -0.06 |
Enterprise Valuation
Bit Digital has an Enterprise Value (EV) of 329.82M.
| EV / Sales | 2.01 |
| EV / EBITDA | 5.51 |
| EV / EBIT | -25.4 |
| EV / FCF | -3.08 |
Financial Position
The company has a current ratio of 5.39, with a Debt / Equity ratio of 0.03.
| Current Ratio | 5.39 |
| Quick Ratio | 5.39 |
| Debt / Equity | 0.03 |
| Debt / EBITDA | 0.23 |
| Debt / FCF | -0.13 |
| Interest Coverage | 0 |
Financial Efficiency
Return on Equity is 6.11% and Return on Invested Capital is 4.95%.
| Return on Equity | 6.11% |
| Return on Assets | 5.26% |
| Return on Invested Capital | 4.95% |
| Revenue Per Employee | $3.03M |
| Profits Per Employee | $524.18K |
| Employee Count | 54 |
| Asset Turnover | 0.3 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 3.98M |
| Effective Tax Rate | 12.32% |
Stock Price Statistics
The stock price has increased by -4.46% in the last 52 weeks. The beta is 6.07, so Bit Digital's price volatility has been higher than the market average.
| Beta | 6.07 |
| 52-Week Price Change | -4.46% |
| 50-Day Moving Average | 2.21 |
| 200-Day Moving Average | 3.23 |
| Relative Strength Index (RSI) | 45.09 |
| Average Volume (20 Days) | 14.84M |
Income Statement
In the last 12 months, Bit Digital had revenue of 163.76M and earned 28.31M in profits. Earnings per share was 0.2.
| Revenue | 163.76M |
| Gross Profit | 101.38M |
| Operating Income | 27.56M |
| Net Income | 28.31M |
| EBITDA | 59.87M |
| EBIT | 27.56M |
| Earnings Per Share (EPS) | 0.2 |
Balance Sheet
The company has 95.2M in cash and 13.81M in debt, giving a net cash position of 81.4M.
| Cash & Cash Equivalents | 95.2M |
| Total Debt | 13.81M |
| Net Cash | 81.4M |
| Retained Earnings | -98.21M |
| Total Assets | 538.25M |
| Working Capital | 241.83M |
Cash Flow
In the last 12 months, operating cash flow was -12.99M and capital expenditures -94M, giving a free cash flow of -106.99M.
| Operating Cash Flow | -12.99M |
| Capital Expenditures | -94M |
| Free Cash Flow | -106.99M |
| FCF Per Share | -0.76 |
Margins
Gross margin is 61.91%, with operating and profit margins of 16.83% and 17.28%.
| Gross Margin | 61.91% |
| Operating Margin | 16.83% |
| Pretax Margin | 19.71% |
| Profit Margin | 17.28% |
| EBITDA Margin | 36.56% |
| EBIT Margin | 16.83% |
| FCF Margin | -65.33% |
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 | 6.88% |
| FCF Yield | -26.02% |
Analyst Forecast
The average price target for BTBT is $6, which is 210.9% higher than the current price. The consensus rating is "Buy".
| Price Target | $6 |
| Price Target Difference | 210.9% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
Scores
| Altman Z-Score | 4.16 |
| Piotroski F-Score | 4 |