In the latest trading session, Bit Digital, Inc. (BTBT) closed at $2.01, marking a -1.23% move from the previous day. This change lagged the S&P 500's daily loss of 0.34%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.33%.The company's stock has dropped by 17.28% in the past month, falling short of the Business Services sector's loss of 6.97% and the S&P 500's loss of 4.05%.The investment community will be paying close attention to the earnings performance of Bit Digital, Inc. ...

Many of yesterday’s meme stocks to buy, once the darlings of speculative traders, now languish as forgotten relics at the bottom of portfolios, their potential for massive gains long since diminished. This popular sentiment — “It’s only a loss if you sell” — might not hold much comfort anymore.Proving the truism less-than-true, many former top meme stocks like WeWork, Smile Direct Club and Bed Bath & Beyond have been delisted. A few holdouts remain, barely maintaining their status by hovering in penny stock ...

Core Viewpoint - The average brokerage recommendation (ABR) for Bit Digital, Inc. (BTBT) is 1.13, indicating a consensus leaning towards a Strong Buy, with 75% of recommendations being Strong Buy and 25% being Buy [1][6] Group 1: Brokerage Recommendations - The ABR is based on recommendations from four brokerage firms, with three Strong Buy and one Buy [1] - Despite the positive ABR, reliance solely on brokerage recommendations may not be prudent, as studies show limited success in guiding investors towards stocks with the best price increase potential [2] - Brokerage analysts often exhibit a strong positive bias due to vested interests, with five Strong Buy recommendations for every Strong Sell [2][4] Group 2: Zacks Rank Comparison - Zacks Rank categorizes stocks into five groups, from Strong Buy to Strong Sell, and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][4] - The ABR and Zacks Rank are different measures; ABR is based on brokerage recommendations while Zacks Rank is a quantitative model reflecting earnings estimates [4][5] - The Zacks Consensus Estimate for Bit Digital has increased by 151.9% over the past month, leading to a Zacks Rank 1 (Strong Buy) for the company [6] Group 3: Investment Implications - The Buy-equivalent ABR for Bit Digital can serve as a useful guide for investors, especially when validated by the Zacks Rank [6]

Bit Digital, Inc. (BTBT) closed at $2.23 in the latest trading session, marking a +0.45% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.1%.The company's stock has dropped by 2.63% in the past month, exceeding the Business Services sector's loss of 5.08% and the S&P 500's loss of 3.01%.Investors will be eagerly watching for the performance of Bit Digital, Inc. in its upcoming earnings di ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Bit Digital, Inc. (BTBT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bit Digital currently has an aver ...

Stocks priced at under $5.0 are broadly seen as high-risk investments. But there still are a few hidden gems in them if you have limited capital and can stomach the risk.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here is our list of top three penny stocks to buy in April. IQIYI Inc (NASDAQ: IQ) Copy link to section IQIYI makes up to our list top penny stocks to buy as it has close to quadrupled its operating income on a year-over-year basis.The C ...

Investors should keep their eyes on these best penny stocks to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.Another great thing is that these companies often have tiny market caps and cheap valuations, so the prospects of hitting a multi-bagger is perhaps the highest for these types of investments. Of course, the ...

NEW YORK, April 3, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production and corporate updates for the month of March 2024. Corporate Highlights for March 2024 In March 2024, the Company produced 136.4 BTC, a 6% increase compared to the prior month. The Company's active hash rate was approximately 2.76 EH/s ...

Shares of Bit Digital (BTBT -5.27%) rose more than 10% this week after reporting its full-year 2023 earnings, according to data from S&P Global Market Intelligence. The cryptocurrency miner and now artificial intelligence (AI) company posted earnings for the fourth quarter. However, the business is still burning tons of cash and heavily diluting shareholders.Here's why shares of Bit Digital are rising, and what it means for investors.More cryptocurrency mining, and now AIBit Digital is a cryptocurrency mine ...

Bit Digital, Inc. (BTBT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...