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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 $2.87, up 14.8% from the previous day, and has increased 111.03% in one year. It has overperformed other stocks in the Capital Markets industry by 0.91 percentage points. Bit Digital stock is currently +104.27% from its 52-week low of $1.41, and -45.54% from its 52-week high of $5.27.

There are currently 107.29M shares of BTBT outstanding. The market value of BTBT is $307.93M. In the past 24 hours, 16.9M 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
$2.87
1w %
12.11%
1y %
111.03%
5y %
-67.24%
P/E
-17.94x
P/B
2.02x
P/S
5.59x
PEG
N/A
Revenue
$44.92M
Earnings
-$13.89M
Fore. Rev. Growth
110.13%
Fore. Earn. Growth
N/A
Market Cap
$307.93M
Next Earnings
Apr 26, 2024
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 overvalued based on its P/B ratio of 2.02x, relative to Capital Markets industry P/B ratio of 1.86x

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

A look at BTBT Cashflows and Balance Sheet

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the BTBT balance sheet.
  • BTBT has a low debt to equity ratio of 0.24.
  • There are more short-term assets than long-term liabilities on the BTBT balance sheet.

Failed Financial Due Diligence Checks:

  • BTBT profit margin has gone up by 2.95 percentage points in the past year, but the company is still unprofitable.
  • BTBT has cash burn of 65554014. It does not have sufficient cash and short-term investments to cover this.
  • BTBT has $65.16M in cash and short term investments. This is not enough to cover its annual cash burn of $65.55M.
  • Total BTBT debt is higher than 5 years ago, relative to shareholder equity.

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
2.41
SMA20
2.39
SMA50
2.62
SMA100
2.82
SMA200
2.9
MACD
-0.05
MACD Signal
-0.11
MACD Histogram
0.06
RSI
58.96
Stochastic %K
68.51
Stochastic %D
59.99
StochRSI %K
81.88
StochRSI %D
73.28

How are BTBT Revenues/Earnings doing?

Last year, BTBT revenue was $44.92M. During the past 3 year, BTBT's revenue has increased by 104.23% per year. This was faster than the Capital Markets industry average of 13.87%.

Dive into BTBT's earnings and revenue performance here.

Latest Insiders Trades at BTBT

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

Get more info about who owns BTBT shares here.

Does BTBT provide a stable income stream?

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

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Step 5: Place your BTBT trade

You have two primary types of orders:

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

Press the Open Trade button and eToro will place the order.

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Step 6: Get key alerts regarding your BTBT investment

Now that you own some BTBT stock, you'll want to stay up-to-date on your new investment.

Create a watchlist to get the latest updates about your BTBT stock.

BTBT Feed

How to Buy Stock in Bit Digital

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

  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 require a online brokerage, eToro is our favorite venue.

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 keep tabs on your investment in Bit Digital, hit the button below to create your watchlist.

NASDAQ: BTBT
$2.87+0.37 (+14.8%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: BTBT
$2.87+0.37 (+14.8%)
Updated Mar 28, 2024
Open eToro Account

FAQ

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

As of Mar 28, 2024, it costs $2.87 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 0.348 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.