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BIT Mining Limited (BTCM)
2.31  0.16 (7.44%)    09-13 16:00
Open: 2.25
High: 2.35
Volume: 33,431
  
Pre. Close: 2.15
Low: 2.2
Market Cap: 26(M)
Technical analysis
2024-09-14 4:52:12 PM
Short term     
Mid term     
Targets 6-month :  3.02 1-year :  3.53
Resists First :  2.58 Second :  3.02
Pivot price 2.24
Supports First :  2.17 Second :  1.91
MAs MA(5) :  2.12 MA(20) :  2.24
MA(100) :  2.63 MA(250) :  3.13
MACD MACD :  -0.1 Signal :  -0.2
%K %D K(14,3) :  37.8 D(3) :  27.8
RSI RSI(14): 50.7
52-week High :  6.94 Low :  1.78
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ BTCM ] has closed below upper band by 41.6%. Bollinger Bands are 3.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.35 - 2.36 2.36 - 2.37
Low: 2.18 - 2.19 2.19 - 2.2
Close: 2.29 - 2.31 2.31 - 2.32
Company Description

BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 150 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong.

Headline News

Sun, 31 Dec 2023
Bit Mining sells its mining pool operations for $5 million - Cryptopolitan

Thu, 19 Oct 2023
Fraudulent-CAR-crypto-investment-company-vanish-with-customer-funds-reports - Mariblock

Fri, 15 Sep 2023
AG Bitcoin Miner: The Latest Crypto Scam to Watch Out For - Techweez

Tue, 22 Aug 2023
Bit Mining Ltd. may move its crypto mine out of Akron - The Business Journals

Fri, 21 Jul 2023
‘BTCM’: Another Kenyan crypto mining Ponzi scheme goes bust - Mariblock

Thu, 25 Aug 2022
NYSE threatens BIT Mining with delisting for low share price - CoinGeek

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Technology
Industry:
Information Technology Services
Shares Out 11 (M)
Shares Float 952 (M)
Held by Insiders 3.5 (%)
Held by Institutions 3.4 (%)
Shares Short 181 (K)
Shares Short P.Month 216 (K)
Stock Financials
EPS -3
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.25
Profit Margin -66.7 %
Operating Margin -28.4 %
Return on Assets (ttm) -23.5 %
Return on Equity (ttm) -64.9 %
Qtrly Rev. Growth -83 %
Gross Profit (p.s.) 0
Sales Per Share 3.87
EBITDA (p.s.) -1.7
Qtrly Earnings Growth 0 %
Operating Cash Flow -28 (M)
Levered Free Cash Flow 4 (M)
Stock Valuations
PE Ratio -0.77
PEG Ratio 0
Price to Book value 1.02
Price to Sales 0.59
Price to Cash Flow -0.91
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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