BTBT (Bit Digital) 5-Year Share Buyback Ratio : -52.90% (As of Dec. 2024)

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What is Bit Digital 5-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

5-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past five years. It is calculated as the annualized percentage change in shares outstanding from five years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Bit Digital's current 5-Year Share Buyback Ratio was -52.90%.

BTBT's 5-Year Share Buyback Ratio is ranked worse than
93.32% of 434 companies
in the Capital Markets industry
Industry Median: -2.65 vs BTBT: -52.90

Competitive Comparison of Bit Digital's 5-Year Share Buyback Ratio

For the Capital Markets subindustry, Bit Digital's 5-Year Share Buyback Ratio, along with its competitors' market caps and 5-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bit Digital's 5-Year Share Buyback Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Digital's 5-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Bit Digital's 5-Year Share Buyback Ratio falls into.

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Bit Digital 5-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from five years ago to the current year. The annualized percentage change is calculated with least-square regression based on the latest six years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Bit Digital (NAS:BTBT) 5-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Bit Digital 5-Year Share Buyback Ratio Related Terms

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Bit Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » 5-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

BTBT:Mexico

Address

31 Hudson Yards, Floor 11, New York, NY, USA, 10001

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. The Company has four reportable segments: digital asset mining, cloud services, colocation services, and ETH Staking. It generates majority of its revenue from digital asset mining.