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How to Buy Bit Digital Stock

Bit Digital Inc

Bit Digital, Inc. , together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities.

Bit Digital stock last closed at $2.66, down 2.21% from the previous day, and has decreased 9.83% in one year. It has underperformed other stocks in the Capital Markets industry by 0.34 percentage points. Bit Digital stock is currently +51.14% from its 52-week low of $1.76, and -49.53% from its 52-week high of $5.27.

There are currently 107.29M shares of BTBT outstanding. The market value of BTBT is $285.40M. In the past 24 hours, 5.19M BTBT shares were traded.

How to Buy Bit Digital Stock

Not sure how to invest in Bit Digital stock? Here's how.
  1. Figure out where to buy Bit Digital stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Bit Digital stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your method of payment and add your information.
  4. Evaluate Bit Digital stock: The Bit Digital ticker symbol is BTBT. Is Bit Digital stock a good investment? Should you buy shares of BTBT? How do BTBT's underlying business fundamentals look? Do top analysts think Bit Digital is a good buy? Why has BTBT's stock price moved recently? (Hint: Our stock research website can help you decide if BTBT is a good stock to buy).
  5. Place your BTBT trade: Decide if you will purchase BTBT shares at the current market price or use a limit order to buy BTBT stock at a specific price.
  6. Get key alerts regarding your BTBT investment: Create a watchlist to monitor your new investment in Bit Digital stock.

Step 1: Figure out where to buy Bit Digital stock

You need a brokerage account to access the NASDAQ market and buy BTBT shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've selected the best brokerage, you need to fill out some personal information so you can buy BTBT today.

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Step 3: Fund your investment account

Now that you've created your account on the highest rated stock app, you can securely and quickly fund your account:

Watch the video below to see the process of depositing funds into your investment account.

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Step 4: Evaluate Bit Digital stock

After you have figured out the best place to buy Bit Digital stock, it's absolutely critical to research their stock prior to investing, so you can wrap your head around the risk as well as the upside.

Bit Digital shares at a glance

BTBT Price
$2.66
1w %
-5%
1y %
-9.83%
5y %
-31.79%
P/E
8.58x
P/B
1.08x
P/S
4.55x
PEG
N/A
Revenue
$66.94M
Earnings
$38.45M
Fore. Rev. Growth
65.15%
Fore. Earn. Growth
-89.26%
Market Cap
$285.40M
Next Earnings
N/A
Next Dividend
N/A

BTBT Overview

WallStreetZen was built to help average investors perform better fundamental analysis.

You can see all of the due diligence checks on BTBT's stock page.

What is the fair value of BTBT stock?

You can use many financial metrics, analyses, models, and charts to gauge BTBT's true value.

Using relative valuations ratios:

  • BTBT may be undervalued based on its P/E ratio of 8.58x, relative to Capital Markets industry P/E ratio of 14.85x
  • BTBT could be undervalued based on its P/B ratio of 1.08x, relative to Capital Markets industry P/B ratio of 1.88x

You can access additional valuation research on BTBT's stock here.

Is BTBT a healthy company?

Passed Financial Due Diligence Checks:

  • BTBT has cash burn of 85401114. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the BTBT balance sheet.
  • BTBT profit margin has gone up from -322.7% to 57.4% in the past year.
  • There are more short-term assets than short-term liabilities on the BTBT balance sheet.
  • BTBT has a low debt to equity ratio of 0.1.

Failed Financial Due Diligence Checks:

  • BTBT has $173.31M in cash and short term investments. This is not enough to cover its annual cash burn of $85.40M.

Is it a good time to buy BTBT stock, according to Wall Street analysts?

Out of 2 sell side analysts who give forecasts on BTBT, the consensus analyst rating on BTBT is a Buy

It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Bit Digital stock forecast page.

BTBT Momentum

SMA10
2.65
SMA20
2.55
SMA50
2.32
SMA100
2.47
SMA200
2.54
MACD
0.11
MACD Signal
0.1
MACD Histogram
0.01
RSI
56.02
Stochastic %K
58.16
Stochastic %D
67.94
StochRSI %K
33.02
StochRSI %D
51.83

How are BTBT Revenues/Earnings doing?

Last year, BTBT earnings were $38.45M. During the past 3 year, BTBT's earnings have increased by -85.77% per year. This was slower than the Capital Markets industry average of 8.1%.

Last year, BTBT revenue was $66.94M. Over the last three year, BTBT's revenue has gone up by 31.01% per year. This was faster than the Capital Markets industry average of 16.13%.

Dive into BTBT's earnings and revenue performance here.

Are BTBT executives and large shareholders buying or selling the stock?

In the past year, insiders at BTBT have not bought or sold any shares.

Dig into more about who owns BTBT shares here.

Does BTBT stock generate passive income?

No, Bit Digital doesn't provide an income stream by paying out dividends.

What others are saying about BTBT

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your BTBT trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, place a limit order.

Press the Open button and your broker will execute the order.

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Step 6: Get key alerts regarding your BTBT investment

Now that you own some shares in BTBT, you'll want to keep up with your new shares.

Put BTBT on a watchlist to get notified of the latest news about your BTBT stock.

BTBT Feed

How to Buy Stock in Bit Digital

To reiterate, here are the 6 steps to buy Bit Digital stock:

  1. Figure out where to buy Bit Digital stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Evaluate Bit Digital stock
  5. Place your BTBT trade
  6. Get key alerts regarding your BTBT investment

If you are looking for a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your new investment in Bit Digital, hit the button below to create your watchlist.

NASDAQ: BTBT
$2.66-0.06 (-2.21%)
Updated Jun 11, 2024
Open eToro Account
NASDAQ: BTBT
$2.66-0.06 (-2.21%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Bit Digital share?

As of Jun 11, 2024, it costs $2.66 to buy one share of Bit Digital stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.376 shares of BTBT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Bit Digital stock?

According to 2 Wall Street analysts who monitor Bit Digital, their consensus recommendation is to buy Bit Digital stock.

What is the best way to buy Bit Digital stock?

One way to place an order for Bit Digital stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.