Bit Digital, Inc. (BTBT) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Bit Digital, Inc. (BTBT) closed at $3.53, reflecting a -0.7% change from the previous day, which is less than the S&P 500's daily loss of 0.5% [1] - Over the past month, shares of Bit Digital, Inc. have gained 4.72%, while the Business Services sector lost 0.49% and the S&P 500 gained 0.1% [1] - The upcoming EPS for Bit Digital, Inc. is projected at -$0.03, indicating a 250% drop compared to the same quarter of the previous year, while revenue is expected to be $27.84 million, showing a 207.91% increase year-over-year [1] Analyst Estimates - For the full year, analysts expect earnings of $0.38 per share and revenue of $123.73 million, representing changes of +337.5% and +175.45% from last year [2] - Recent changes to analyst estimates reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [2] - Adjustments in estimates are associated with imminent stock price performance, and investors can utilize the Zacks Rank for actionable insights [2] Valuation and Industry Ranking - Bit Digital, Inc. has a Forward P/E ratio of 9.26, which is a discount compared to the industry's average Forward P/E of 23.45 [3] - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [3] - The Zacks Industry Rank measures the strength of individual industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [3]