A new trading day began on January 24, 2023, with BIT Mining Limited (NYSE: BTCM) stock priced at $4.09, down -11.50% from the previous day of trading. During the day, the shares moved up to $4.24 and dropped to $3.51 before settling in for the closing price of $4.00. BTCM’s price has ranged from $1.40 to $34.80 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 202.40% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -53.40%. With a float of $8.58 million, this company’s outstanding shares have now reached $9.79 million.
In an organization with 153 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +0.35, operating margin of -1.81, and the pretax margin is -4.72.
BIT Mining Limited (BTCM) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of BIT Mining Limited is 3.37%, while institutional ownership is 9.40%.
BIT Mining Limited (BTCM) Latest Financial update
In its latest quarterly report, released on 9/29/2015, the company reported earnings of -$0.18 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -3.90 while generating a return on equity of -42.52. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -53.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.75% during the next five years compared to 29.90% growth over the previous five years of trading.
BIT Mining Limited (NYSE: BTCM) Trading Performance Indicators
Here are BIT Mining Limited’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.50, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of BIT Mining Limited (BTCM)
Let’s dig in a bit further. During the last 5-days, its volume was 1.16 million. That was inferior than the volume of 2.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.97%. Additionally, its Average True Range was 0.51.
During the past 100 days, BIT Mining Limited’s (BTCM) raw stochastic average was set at 52.32%, which indicates a significant increase from 50.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 214.38% in the past 14 days, which was higher than the 136.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.29, while its 200-day Moving Average is $7.56. However, in the short run, BIT Mining Limited’s stock first resistance to watch stands at $4.02. Second resistance stands at $4.49. The third major resistance level sits at $4.75. If the price goes on to break the first support level at $3.29, it is likely to go to the next support level at $3.03. The third support level lies at $2.56 if the price breaches the second support level.
BIT Mining Limited (NYSE: BTCM) Key Stats
With a market capitalization of 31.75 million, the company has a total of 10,575K Shares Outstanding. Currently, annual sales are 1,329 M while annual income is -60,520 K. The company’s previous quarter sales were 96,990 K while its latest quarter income was -22,220 K.