The stock has a 36-month beta value of 2.54. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BTCM is 10.76M, and at present, short sellers hold a 1.30% of that float. On November 21, 2024, the average trading volume of BTCM was 158.05K shares.
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BTCM) stock’s latest price update
BIT Mining Ltd ADR (NYSE: BTCM)’s stock price has gone decline by -7.49 in comparison to its previous close of 3.07, however, the company has experienced a -8.68% decrease in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-18 that Washington, D.C.–(Newsfile Corp. – November 18, 2024) – The Securities and Exchange Commission today announced that BIT Mining Ltd.
BTCM’s Market Performance
BIT Mining Ltd ADR (BTCM) has seen a -8.68% fall in stock performance for the week, with a 9.23% gain in the past month and a 27.35% surge in the past quarter. The volatility ratio for the week is 12.93%, and the volatility levels for the past 30 days are at 13.05% for BTCM. The simple moving average for the past 20 days is -1.59% for BTCM’s stock, with a 2.93% simple moving average for the past 200 days.
BTCM Trading at 11.01% 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 -59.14% of loss for the given period.
Volatility was left at 13.05%, however, over the last 30 days, the volatility rate increased by 12.93%, as shares surge +14.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.86% upper at present.
During the last 5 trading sessions, BTCM fell by -8.68%, which changed the moving average for the period of 200-days by -20.00% in comparison to the 20-day moving average, which settled at $2.89. In addition, BIT Mining Ltd ADR saw -43.65% 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:
- -0.12 for the present operating margin
- 0.02 for the gross margin
The net margin for BIT Mining Ltd ADR stands at -0.15. The total capital return value is set at -0.69. Equity return is now at value -28.04, with -13.77 for asset returns.
Currently, EBITDA for the company is -12.82 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 72.35for trailing twelve months and the total asset turnover is 2.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, BIT Mining Ltd ADR (BTCM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
