How does BTBT N's PS Ratio compare to its peers?

BTBT N is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (11.8x).

How does BTBT N's PS Ratio compare vs other companies in the Global Software Industry?

BTBT N is expensive based on its Price-To-Sales Ratio (6.7x) compared to the Global Software industry average (3.1x).

What is BTBT N's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate BTBT N's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of BTBT N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate BTBT N's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Bit Digital (BMV:BTBT N) - Stock Price, News & Analysis

BTBT N Stock Overview

Engages in the bitcoin mining business. More details

BTBT N fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 118.96% per year

Analysts in good agreement that stock price will rise by 38%

Risk Analysis

Shareholders have been substantially diluted in the past year

Highly volatile share price over the past 3 months compared to the MX market

Bit Digital, Inc. Competitors

Catapult Group International

ASX:CAT

AU$889.9m

AMTD Digital

NYSE:HKD

US$572.6m

Zinka Logistics Solutions

NSEI:BLACKBUCK

₹45.9b

Dareway SoftwareLtd

SHSE:688579

CN¥4.1b

Price History & Performance

Summary of all time highs, changes and price drops for Bit Digital
Historical stock prices
Current Share Price	US$90.60
52 Week High	US$117.00
52 Week Low	US$33.00
Beta	4.81
11 Month Change	10.42%
3 Month Change	25.22%
1 Year Change	158.86%
33 Year Change	-52.32%
5 Year Change	n/a
Change since IPO	-73.89%

Recent updates

Shareholder Returns

	BTBT N	MX Software	MX Market
7D	9.2%	0%	0%
1Y	158.9%	0%	0%

Return vs Industry: BTBT N exceeded the MX Software industry which returned 24.9% over the past year.

Return vs Market: BTBT N exceeded the MX Market which returned -4% over the past year.

Price Volatility

Is BTBT N's price volatile compared to industry and market?
BTBT N volatility
BTBT N Average Weekly Movement	17.4%
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: BTBT N's share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: BTBT N's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of MX stocks.

About the Company

Founded	Employees	CEO	Website
2015	24	Sam Tabar	www.bit-digital.com

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

Bit Digital, Inc. Fundamentals Summary

How do Bit Digital's earnings and revenue compare to its market cap?
BTBT N fundamental statistics
Market cap	Mex$13.43b
Earnings (TTM)	-Mex$55.10m
Revenue (TTM)	Mex$2.01b

6.7x

P/S Ratio

-243.7x

P/E Ratio

Is BTBT N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTBT N income statement (TTM)
Revenue	US$98.00m
Cost of Revenue	US$56.72m
Gross Profit	US$41.28m
Other Expenses	US$43.97m
Earnings	-US$2.69m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.018
Gross Margin	42.13%
Net Profit Margin	-2.75%
Debt/Equity Ratio	0%

How did BTBT N perform over the long term?

See historical performance and comparison

BTBT N Stock Overview

Rewards

Risk Analysis

Bit Digital, Inc. Competitors

ASX:CAT

AU$889.9m

NYSE:HKD

US$572.6m

NSEI:BLACKBUCK

₹45.9b

SHSE:688579

CN¥4.1b

Price History & Performance

Recent News & Updates

Forecast breakeven date pushed back to 2025

Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.081 loss in 3Q 2023)

Bit Digital, Inc. to Report Q3, 2024 Results on Nov 18, 2024

Investor sentiment deteriorates as stock falls 22%

Bit Digital, Inc. (NasdaqCM:BTBT) acquired Enovum Data Centers for CAD $62.8 million.

Investor sentiment deteriorates as stock falls 17%

Recent updates

Forecast breakeven date pushed back to 2025

Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.081 loss in 3Q 2023)

Bit Digital, Inc. to Report Q3, 2024 Results on Nov 18, 2024

Investor sentiment deteriorates as stock falls 22%

Bit Digital, Inc. (NasdaqCM:BTBT) acquired Enovum Data Centers for CAD $62.8 million.

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 35%

Second quarter 2024 earnings released: US$0.093 loss per share (vs US$0.029 loss in 2Q 2023)

Bit Digital, Inc., Annual General Meeting, Sep 25, 2024

New major risk - Shareholder dilution

Bit Digital, Inc. to Report Q2, 2024 Results on Aug 19, 2024

Investor sentiment deteriorates as stock falls 25%

Investor sentiment improves as stock rises 19%

Bit Digital, Inc.(NasdaqCM:BTBT) dropped from Russell 2500 Growth Index

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 17%

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: US$0.44 (vs US$0.027 loss in 1Q 2023)

Bit Digital, Inc. to Report Q1, 2024 Results on May 15, 2024

Full year 2023 earnings released: US$0.16 loss per share (vs US$1.34 loss in FY 2022)

Bit Digital, Inc. to Report Fiscal Year 2023 Results on Mar 18, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.081 loss per share (vs US$0.17 loss in 3Q 2022)

High number of new and inexperienced directors

Bit Digital, Inc. Announces Board Changes

Bit Digital, Inc., Annual General Meeting, Sep 20, 2023

New major risk - Financial position

Second quarter 2023 earnings released: US$0.029 loss per share (vs US$0.23 loss in 2Q 2022)

First quarter 2023 earnings released: US$0.027 loss per share (vs US$0.15 loss in 1Q 2022)

Full year 2022 earnings released: US$1.34 loss per share (vs US$0.018 loss in FY 2021)

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.37 loss in 3Q 2021)

High number of new and inexperienced directors

Second quarter 2022 earnings released: US$0.23 loss per share (vs US$0.027 loss in 2Q 2021)

Henri Arslanian Joins Advisory Board of Bit Digital, Inc

Bit Digital, Inc., Annual General Meeting, Jul 29, 2022

First quarter 2022 earnings released: US$0.15 loss per share (vs US$0.74 profit in 1Q 2021)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

High number of new and inexperienced directors

High number of new and inexperienced directors

Investor sentiment deteriorated over the past week

Bit Digital, Inc. Appoints Cameron Schnier as Head of Investor Relations

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: US$0.027 loss per share (vs US$0.013 loss in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS US$0.74 (vs US$0.011 loss in 1Q 2020)

Kessler Topaz Meltzer & Check, LLP Announces Four Days Until Deadline in Securities Fraud Class Action Lawsuit Filed against Bit Digital, Inc