In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Bit Digital (BTBT – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $3.09.
According to TipRanks, Dede is an analyst with an average return of -1.5% and a 35.90% success rate. Dede covers the Technology sector, focusing on stocks such as eMagin, AquaBounty Technologies, and Bit Digital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bit Digital with a $4.25 average price target, implying a 37.54% upside from current levels. In a report released on August 7, Noble Financial also maintained a Buy rating on the stock with a $4.50 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $4.80 and a one-year low of $0.53. Currently, Bit Digital has an average volume of 5.25M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Golden Bull Ltd. is an online finance marketplace lending company, which engages in the provision of short-term loans. Through its online marketplace, the company connects individual lenders with individual and small business borrowers. The company was founded by Er Xin Zeng in November 2015 and is headquartered in Shanghai, China.
Read More on BTBT:
- Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2023 Financial Results
- Bit Digital reports Q2 adjusted EPS 2c, consensus (9c)
- Here’s What You Missed in Crypto This Week
- Bit Digital reports July production up 12% to 133.0 BTC
- U.S. Judge rules Terraform Labs must face SEC fraud allegations, WSJ says
