Sharing my findings on BTBT-Bit Digital : Ignoring the negative forward P/E, let's dive into other metrics to determine if Bit Digital Inc. (BTBT) is still undervalued.
*Intrinsic Value*: According to Alpha Spread, the intrinsic value of one BTBT stock is $6.27, which is significantly higher than its current market price of $2.06. This suggests that BTBT is *undervalued by 67%* .
*Price Target*: Wall Street analysts forecast BTBT's stock price to rise over the next 12 months, with an average price target of $5.99 and a potential upside of 191% .
*Profitability Score*: BTBT's profitability score is 43/100, indicating a moderate level of profitability. The company has shown exceptional 3-year average ROIC, positive gross profit, and exceptional 1-year revenue growth ¹.
*Solvency Score*: BTBT's solvency score is 74/100, indicating a moderate level of solvency. The company has a low debt-to-equity ratio and a high Altman Z-score .
Considering these metrics, it appears that BTBT is still undervalued, despite its negative forward P/E.
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