Bit Digital (NASDAQ:BTBT) Shares Gap Down – Should You Sell?

20 Jan 2026, 19:56 by Mitch Edgeman · The Markets Daily

Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $2.37, but opened at $2.23. Bit Digital shares last traded at $2.2150, with a volume of 4,743,131 shares changing hands.

Analyst Ratings Changes

BTBT has been the topic of a number of recent research reports. Northland Securities set a $5.00 price target on Bit Digital in a research report on Monday, November 17th. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of Bit Digital in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Bit Digital in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Bit Digital from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Bit Digital presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Read Our Latest Analysis on Bit Digital

Bit Digital Stock Performance

The company has a market cap of $736.35 million, a PE ratio of 5.42 and a beta of 3.94. The firm’s 50 day moving average is $2.24 and its 200-day moving average is $2.89.

Bit Digital (NASDAQ:BTBT – Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $30.46 million during the quarter, compared to analyst estimates of $29.54 million. Bit Digital had a net margin of 127.61% and a negative return on equity of 7.11%. On average, analysts predict that Bit Digital, Inc. will post -0.2 EPS for the current year.

Insider Activity at Bit Digital

In other news, CFO Erke Huang sold 1,089,364 shares of Bit Digital stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $2.18, for a total transaction of $2,374,813.52. Following the transaction, the chief financial officer owned 1,585,636 shares in the company, valued at $3,456,686.48. The trade was a 40.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Bit Digital

Several institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. purchased a new position in Bit Digital in the fourth quarter worth approximately $272,000. Byrne Asset Management LLC lifted its stake in shares of Bit Digital by 489.1% in the 4th quarter. Byrne Asset Management LLC now owns 74,400 shares of the company’s stock valued at $141,000 after purchasing an additional 61,770 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bit Digital by 686.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,288,068 shares of the company’s stock worth $6,864,000 after purchasing an additional 1,997,304 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Bit Digital during the 3rd quarter worth about $56,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in Bit Digital in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 47.70% of the company’s stock.

About Bit Digital

(Get Free Report)

Bit Digital, Inc (NASDAQ: BTBT) is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company’s revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.