Erke Huang - Bit Digital CFO Director
| BTBT Stock | USD 2.37 0.11 4.87% |
Insider
Erke Huang is CFO Director of Bit Digital
| Age | 35 |
| Address | 33 Irving Place, New York, NY, United States, 10003 |
| Phone | 212 463 5121 |
| Web | https://www.bit-digital.com |
Bit Digital Management Efficiency
The company has return on total asset (ROA) of (0.1153) % which means that it has lost $0.1153 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1145) %, meaning that it created substantial loss on money invested by shareholders. Bit Digital's management efficiency ratios could be used to measure how well Bit Digital manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.08 in 2024. Return On Capital Employed is likely to drop to -0.17 in 2024. At this time, Bit Digital's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 198.8 M in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 1.5 M in 2024.Similar Executives
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Management Performance
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.12 |
Bit Digital Leadership Team
Elected by the shareholders, the Bit Digital's board of directors comprises two types of representatives: Bit Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bit. The board's role is to monitor Bit Digital's management team and ensure that shareholders' interests are well served. Bit Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bit Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Erke Huang, CFO Director | ||
| Jiashu Xiong, Executive Director | ||
| William CFA, Head Relations | ||
| Samir Tabar, Chief Officer | ||
| Bryan Bullett, Chief Officer |
Bit Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bit Digital a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.12 | ||||
| Profit Margin | (0.31) % | ||||
| Operating Margin | (0.60) % | ||||
| Current Valuation | 240.88 M | ||||
| Shares Outstanding | 118.12 M | ||||
| Shares Owned By Insiders | 0.93 % | ||||
| Shares Owned By Institutions | 46.69 % | ||||
| Number Of Shares Shorted | 22.18 M | ||||
| Price To Earning | 12.29 X |
Pair Trading with Bit Digital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bit Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bit Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Bit Stock
| 0.66 | WKEY | Wisekey International | PairCorr |
| 0.79 | G | Genpact Limited | PairCorr |
Moving against Bit Stock
| 0.51 | DM | Desktop Metal | PairCorr |
| 0.5 | GB | Global Blue Group | PairCorr |
| 0.41 | WU | Western Union | PairCorr |
The ability to find closely correlated positions to Bit Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bit Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bit Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bit Digital to buy it.
The correlation of Bit Digital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bit Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bit Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bit Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.Note that the Bit Digital information on this page should be used as a complementary analysis to other Bit Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Bit Stock analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Bit Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bit Digital. If investors know Bit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.16) | Revenue Per Share 0.513 | Quarterly Revenue Growth 1.064 | Return On Assets (0.12) | Return On Equity (0.11) |
The market value of Bit Digital is measured differently than its book value, which is the value of Bit that is recorded on the company's balance sheet. Investors also form their own opinion of Bit Digital's value that differs from its market value or its book value, called intrinsic value, which is Bit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bit Digital's market value can be influenced by many factors that don't directly affect Bit Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.