InvestorsObserver gives Bit Digital Inc (BTBT) an analyst rating of 73, which means BTBT is ranked higher by analysts than 73% of stocks. The average price target for BTBT is $14 and analysts rate the stock as a strong buy.
Why are analyst ratings important?
You can learn a lot about a company by looking at its financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research. They usually follow a particular sector or industry very closely. They also pay attention and ask questions during earnings conference calls and other events where they might learn information that appears in the numbers.
InvestorsObserver takes the average rating of these analysts and then ranks these averages into percentiles. This allows you to compare stocks in a much more granular way than just seeing the typical five-tier rating system used across much of Wall Street.
What’s going on with Bit Digital Inc stock today?
Shares of Bit Digital Inc (BTBT) are trading at $3.59 at 2:15 p.m. Thursday, Feb. 3, down -$0.18, or -4.77% from the previous closing price of 3 $.77. The stock has traded between $3.57 and $3.74 so far today. Today, the volume is below average. So far, 931,230 shares have been traded with an average volume of 3,346,786 shares. Click here for the full Bit Digital Inc. stock report.