Bit Digital Ownership
| BTBT Stock | USD 2.72 0.08 3.03% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Bit |
Bit Stock Ownership Analysis
About 41.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.69. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bit Digital had not issued any dividends in recent years. Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York. Bit Digital operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 12 people. For more info on Bit Digital please contact the company at 212 463 5121 or go to https://www.bit-digital.com.Besides selling stocks to institutional investors, Bit Digital also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Bit Digital's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Bit Digital's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Bit Digital Quarterly Liabilities And Stockholders Equity |
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Less than 1% of Bit Digital are currently held by insiders. Unlike Bit Digital's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Bit Digital's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Bit Digital's insider trades
Bit Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bit Digital is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Digital backward and forwards among themselves. Bit Digital's institutional investor refers to the entity that pools money to purchase Bit Digital's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 611.6 K | Susquehanna International Group, Llp | 2023-12-31 | 573.4 K | Northern Trust Corp | 2023-12-31 | 571.4 K | Vanguard Group Inc | 2024-03-31 | 520.9 K | Quadrature Capital Llp | 2023-12-31 | 518 K | Jane Street Group, Llc | 2023-12-31 | 508.9 K | Millrace Asset Group, Inc | 2024-03-31 | 424.5 K | Redmond Asset Management, Llc | 2024-03-31 | 270.1 K | Nuveen Asset Management, Llc | 2023-12-31 | 266.2 K | Amvescap Plc. | 2023-12-31 | 7.4 M | Blackrock Inc | 2023-12-31 | 7.4 M |
Bit Digital Corporate Filings
6K | 15th of May 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 8th of May 2024 Other Reports | ViewVerify | |
| 25th of March 2024 Other Reports | ViewVerify | |
| 21st of March 2024 Other Reports | ViewVerify |
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
| 0.89 | MARA | Marathon Digital Holdings Aggressive Push | PairCorr |
| 0.85 | RIOT | Riot Blockchain Aggressive Push | PairCorr |
| 0.7 | APLD | Applied Blockchain Earnings Call This Week | PairCorr |
Moving against Bit Stock
| 0.49 | HPE | Hewlett Packard Ente Sell-off Trend | PairCorr |
| 0.43 | GB | Global Blue Group | PairCorr |
| 0.43 | MU | Micron Technology Aggressive Push | 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 0.3 | Revenue Per Share 0.693 | Quarterly Revenue Growth 2.665 | Return On Assets (0.06) | Return On Equity 0.2184 |
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.