HC Wainwright Forecasts Reduced Earnings for Bit Digital
| BTBT Stock | USD 2.14 0.10 4.46% |
Slightly above 62% of Bit Digital's investor base is looking to short. The analysis of the overall prospects from investing in Bit Digital suggests that many traders are, at the present time, alarmed. Bit Digital's investing sentiment can be driven by a variety of factors including economic data, Bit Digital's earnings reports, geopolitical events, and overall market trends.
Bit Digital, Inc. Equities researchers at HC Wainwright cut their Q3 2024 earnings estimates for shares of Bit Digital in a research note issued to investors on Wednesday, October 16th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of per share for the quarter,
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Bit Digital Fundamental Analysis
We analyze Bit Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Digital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
Bit Digital is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Bit Digital Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bit Digital stock to make a market-neutral strategy. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics with similar companies.
Peers
Bit Digital Related Equities
| WULF | Terawulf | 10.06 | ||||
| RIOT | Riot Blockchain | 1.66 | ||||
| HUT | Hut 8 | 2.24 | ||||
| HIVE | HIVE Blockchain | 2.55 | ||||
| MARA | Marathon Digital | 3.05 | ||||
| CLSK | CleanSpark | 3.90 | ||||
| BITF | Bitfarms | 6.03 |
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.