Analysts Just Made A Sizeable Upgrade To Their Bit Digital, Inc. (NASDAQ:BTBT) Forecasts [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analysts modelling a real improvement in business performance. Investor sentiment seems to be improving too, with the share price up 8.1% to US$2.39 over the past 7 days. Could this big upgrade push the stock even higher? After the upgrade, the three analysts covering Bit Digital are now predicting revenues of US$109m in 2024. If met, this would reflect a huge 143% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 67% to US$0.043 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$95m and losses of US$0.21 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven. View our lat
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BTBT
Sec Filings
- 4/5/24 - Form EFFECT
- 3/25/24 - Form POS
- 3/21/24 - Form RW
- BTBT's page on the SEC website