Bit Digital Drops 4.68% to $1.63 Even as EPS Growth Forecast Rises 81.8%
Bit Digital shares fell 4.68% to $1.63, trailing S&P 500 gains and sliding 23.32% over the past month versus a 7.49% sector decline. Consensus projects Q4 EPS of -$0.02 (yoy +81.82%) on $30.66 million revenue (+17.48%), while full-year estimates forecast EPS $0.33 (+217.86%) and $111.9 million revenue (+3.56%).
1. Stock Performance and Sector Comparison
Bit Digital closed at $1.63 on the latest session, down 4.68% from the prior day. The shares have slid 23.32% over the past month, underperforming the Business Services sector’s 7.49% loss and the S&P 500’s 1.27% decline.
2. Quarterly and Annual Earnings Projections
Consensus forecasts call for Q4 EPS of -$0.02 per share, reflecting an 81.82% year-over-year increase, and revenue of $30.66 million, up 17.48%. For the full year, estimates anticipate $0.33 EPS (a 217.86% rise) and $111.9 million in revenue (up 3.56% from last year).
3. Valuation Metrics and Zacks Rank
The company trades at a forward P/E of 256.5, a significant premium to the Technology Services industry average of 15.47. Bit Digital holds a Zacks Rank #3 (Hold), and its industry falls in the bottom 45% of Zacks Industry Rank, indicating weaker momentum.