Bit Digital Stock Buy Hold or Sell Recommendation
| BTBT Stock | USD 4.25 0.19 4.28% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Bit Digital is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bit Digital given historical horizon and risk tolerance towards Bit Digital. When Macroaxis issues a 'buy' or 'sell' recommendation for Bit Digital, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Bit Digital Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide. Note, we conduct extensive research on individual companies such as Bit and provide practical buy, sell, or hold advice based on investors' constraints. Bit Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Bit |
Execute Bit Digital Buy or Sell Advice
The Bit recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bit Digital. Macroaxis does not own or have any residual interests in Bit Digital or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bit Digital's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Very risky | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Bit Digital Trading Alerts and Improvement Suggestions
| Bit Digital is way too risky over 90 days horizon | |
| Bit Digital appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 44.92 M. Net Loss for the year was (13.89 M) with profit before overhead, payroll, taxes, and interest of 65.34 M. | |
| Bit Digital has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Bit Digital, Inc.s Path To Profitability |
Bit Digital Returns Distribution Density
The distribution of Bit Digital's historical returns is an attempt to chart the uncertainty of Bit Digital's future price movements. The chart of the probability distribution of Bit Digital daily returns describes the distribution of returns around its average expected value. We use Bit Digital price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bit Digital returns is essential to provide solid investment advice for Bit Digital.
| Mean Return | 0.46 | Value At Risk | -8.01 | Potential Upside | 11.28 | Standard Deviation | 6.78 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bit Digital historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Bit Stock Institutional Investors
The Bit Digital's institutional investors refer to entities that pool money to purchase Bit Digital's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Group One Trading, Lp | 2024-06-30 | 952.5 K | Exchange Traded Concepts, Llc | 2024-06-30 | 931.2 K | Susquehanna International Group, Llp | 2024-06-30 | 923.9 K | Charles Schwab Investment Management Inc | 2024-09-30 | 806.6 K | Northern Trust Corp | 2024-09-30 | 729.9 K | Vanguard Group Inc | 2024-09-30 | 694.6 K | Squarepoint Ops Llc | 2024-06-30 | 668.7 K | Imc-chicago, Llc | 2024-09-30 | 421.3 K | Headlands Technologies Llc | 2024-09-30 | 378.1 K | Blackrock Inc | 2024-06-30 | 11.1 M | Amvescap Plc. | 2024-06-30 | 9.5 M |
Bit Digital Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (2.3M) | (210.9K) | 42.0M | (8.4M) | (15.8M) | (15.0M) | |
| Free Cash Flow | (2.2M) | (7.9M) | (70.1M) | (27.8M) | (65.6M) | (62.3M) | |
| Other Non Cash Items | (1.8M) | 458.0K | 12.8M | 34.7M | (19.5M) | (18.5M) | |
| Capital Expenditures | 873.7K | 4.5M | 46.8M | 19.3M | 66.7M | 70.0M | |
| Net Income | (6.9M) | 1.9M | 4.9M | (105.3M) | (13.9M) | (14.6M) | |
| End Period Cash Flow | 634.5K | 419.8K | 42.4M | 34.0M | 18.2M | 13.7M | |
| Depreciation | 30.2K | 3.3M | 13.1M | 27.8M | 14.4M | 8.1M | |
| Change To Netincome | 670.3K | 8.0M | 4.3M | 35.1M | 40.4M | 42.4M | |
| Investments | (916.2K) | (2.0M) | (40.9M) | (18.6M) | (69.2M) | (65.7M) |
Bit Digital Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bit Digital or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bit Digital's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bit stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 4.62 | |
σ | Overall volatility | 6.88 | |
Ir | Information ratio | 0.05 |
Bit Digital Volatility Alert
Bit Digital is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bit Digital's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bit Digital's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Bit Digital Fundamentals Vs Peers
Comparing Bit Digital's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bit Digital's direct or indirect competition across all of the common fundamentals between Bit Digital and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bit Digital or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Bit Digital's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Bit Digital to competition |
| Fundamentals | Bit Digital | Peer Average |
| Return On Equity | 0.15 | -0.31 |
| Return On Asset | -0.0421 | -0.14 |
| Profit Margin | 0.33 % | (1.27) % |
| Operating Margin | (0) % | (5.51) % |
| Current Valuation | 596.88 M | 16.62 B |
| Shares Outstanding | 147.79 M | 571.82 M |
| Shares Owned By Insiders | 0.68 % | 10.09 % |
| Shares Owned By Institutions | 38.35 % | 39.21 % |
| Number Of Shares Shorted | 25.69 M | 4.71 M |
| Price To Earning | 12.29 X | 28.72 X |
| Price To Book | 2.23 X | 9.51 X |
| Price To Sales | 7.85 X | 11.42 X |
| Revenue | 44.92 M | 9.43 B |
| Gross Profit | 65.34 M | 27.38 B |
| EBITDA | (12.31 M) | 3.9 B |
| Net Income | (13.89 M) | 570.98 M |
| Cash And Equivalents | 44.3 M | 2.7 B |
| Cash Per Share | 0.54 X | 5.01 X |
| Total Debt | 6.22 M | 5.32 B |
| Debt To Equity | 0.02 % | 48.70 % |
| Current Ratio | 19.15 X | 2.16 X |
| Book Value Per Share | 1.34 X | 1.93 K |
| Cash Flow From Operations | 1.11 M | 971.22 M |
| Short Ratio | 2.64 X | 4.00 X |
| Earnings Per Share | (0.03) X | 3.12 X |
| Target Price | 6.13 | |
| Number Of Employees | 24 | 18.84 K |
| Beta | 4.81 | -0.15 |
| Market Capitalization | 681.58 M | 19.03 B |
| Total Asset | 189.33 M | 29.47 B |
| Retained Earnings | (146.91 M) | 9.33 B |
| Working Capital | 56.26 M | 1.48 B |
| Net Asset | 189.33 M |
Bit Digital Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bit . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2 M | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 4.37 | |||
| Day Typical Price | 4.33 | |||
| Price Action Indicator | (0.22) | |||
| Period Momentum Indicator | (0.19) |
About Bit Digital Buy or Sell Advice
When is the right time to buy or sell Bit Digital? Buying financial instruments such as Bit Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.