Bit Digital Price To Earning vs. Net Income
| BTBT Stock | USD 1.67 0.11 6.18% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.61 | 0.71 |
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For Bit Digital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bit Digital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bit Digital utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bit Digital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bit Digital over time as well as its relative position and ranking within its peers.
Check out Trending Equities. Is there potential for Application Software market expansion? Will Bit introduce new products? Factors like these will boost the valuation of Bit Digital. Projected growth potential of Bit fundamentally drives upward valuation adjustments. Understanding fair value requires weighing current performance against future potential. All the valuation information about Bit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.66 | Revenue Per Share | Quarterly Revenue Growth 0.322 | Return On Assets | Return On Equity |
Bit Digital's market price often diverges from its book value, the accounting figure shown on Bit's balance sheet. Smart investors calculate Bit Digital's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Bit Digital's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Bit Digital's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bit Digital should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Bit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Bit Digital Net Income vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bit Digital's current stock value. Our valuation model uses many indicators to compare Bit Digital value to that of its competitors to determine the firm's financial worth. Bit Digital is number one stock in price to earning category among its peers. It is rated second in net income category among its peers making up about 2,303,158 of Net Income per Price To Earning. At this time, Bit Digital's Net Income is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bit Digital by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Bit Net Income vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Bit Digital |
| = | 12.29 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Bit Digital |
| = | 28.31 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Bit Net Income Comparison
Bit Digital is currently under evaluation in net income category among its peers.
Bit Digital Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bit Digital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bit Digital will eventually generate negative long term returns. The profitability progress is the general direction of Bit Digital's change in net profit over the period of time. It can combine multiple indicators of Bit Digital, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.4 M | -1.3 M | |
| Operating Income | 24.8 M | 26 M | |
| Income Before Tax | 29.1 M | 30.5 M | |
| Total Other Income Expense Net | 5.4 M | 5.7 M | |
| Net Income | 25.5 M | 26.7 M | |
| Income Tax Expense | 4.6 M | 4.8 M | |
| Net Income Applicable To Common Shares | 5.6 M | 5.9 M | |
| Net Interest Income | 36.90 | 35.06 | |
| Interest Income | 36.90 | 35.06 | |
| Net Income From Continuing Ops | 25.5 M | 26.7 M | |
| Change To Netincome | 40.4 M | 42.4 M | |
| Net Income Per Share | 0.23 | 0.24 | |
| Income Quality | (0.53) | (0.55) | |
| Net Income Per E B T | 1.01 | 1.10 |
Bit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bit Digital. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Bit Digital position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Bit Digital's important profitability drivers and their relationship over time.
Bit Digital Earnings per Share Projection vs Actual
Use Bit Digital in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bit Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bit Digital will appreciate offsetting losses from the drop in the long position's value.Bit Digital Pair Trading
Bit Digital Pair Trading Analysis
The ability to find closely correlated positions to Bit Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bit Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bit Digital to buy it.
The correlation of Bit Digital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bit Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bit Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Bit Digital position
In addition to having Bit Digital in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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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.