BIT Mining Limited (NYSE:BTCM) went down by -1.13% from its latest closing price compared to the recent 1-year high of $35.00. The company’s stock price has collected 5.49% of gains in the last five trading sessions. Press Release reported on 05/24/21 that BIT Mining Limited to Invest in Cryptocurrency Mining in Kazakhstan
Is It Worth Investing in BIT Mining Limited (NYSE :BTCM) Right Now?
Plus, the 36-month beta value for BTCM is at 1.78. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for BIT Mining Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $87.89. BTCM currently public float of 22.40M and currently shorts hold a 8.82% ratio of that float. Today, the average trading volume of BTCM was 593.81K shares.
BTCM’s Market Performance
BTCM stocks went up by 5.49% for the week, with a monthly drop of -46.72% and a quarterly performance of -63.40%, while its annual performance rate touched 112.40%. The volatility ratio for the week stands at 10.29% while the volatility levels for the past 30 days are set at 13.79% for BIT Mining Limited. The simple moving average for the period of the last 20 days is -19.77% for BTCM stocks with a simple moving average of -23.71% for the last 200 days.
BTCM Trading at -44.73% from the 50-Day Moving Average
After a stumble in the market that brought BTCM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.49% of loss for the given period.
Volatility was left at 13.79%, however, over the last 30 days, the volatility rate increased by 10.29%, as shares sank -44.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.65% lower at present.
During the last 5 trading sessions, BTCM rose by +5.49%, which changed the moving average for the period of 200-days by +121.97% in comparison to the 20-day moving average, which settled at $9.50. In addition, BIT Mining Limited saw -12.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTCM
Current profitability levels for the company are sitting at:
- -903.97 for the present operating margin
- -168.96 for the gross margin
The net margin for BIT Mining Limited stands at -1023.27. The total capital return value is set at -37.61, while invested capital returns managed to touch -42.81. Equity return is now at value -103.50, with -89.30 for asset returns.
Based on BIT Mining Limited (BTCM), the company’s capital structure generated 2.36 points at debt to equity in total, while total debt to capital is 2.30. Total debt to assets is 2.02, with long-term debt to equity ratio resting at 1.44. Finally, the long-term debt to capital ratio is 1.41.
When we switch over and look at the enterprise to sales, we see a ratio of 24.13, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 0.98 and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.53.