Bit Mining Stock Price on June 27, 2022
| BTCM Stock | USD 3.17 0.28 8.12% |
Below is the normalized historical share price chart for BIT Mining extending back to November 22, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of BIT Mining stands at 3.17, as last reported on the 24th of April, with the highest price reaching 3.78 and the lowest price hitting 3.05 during the day.
If you're considering investing in BIT Stock, it is important to understand the factors that can impact its price. We consider BIT Mining dangerous. BIT Mining secures Sharpe Ratio (or Efficiency) of 0.0104, which signifies that the company had a 0.0104% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for BIT Mining, which you can use to evaluate the volatility of the firm. Please confirm BIT Mining's mean deviation of 4.61, and Risk Adjusted Performance of 0.0187 to double-check if the risk estimate we provide is consistent with the expected return of 0.0814%.
At this time, BIT Mining's Common Stock Shares Outstanding is very stable compared to the past year. As of the 24th of April 2024, Other Stockholder Equity is likely to grow to about 733.3 M, while Common Stock Total Equity is likely to drop about 141.2 K. . At this time, BIT Mining's Price Book Value Ratio is very stable compared to the past year. As of the 24th of April 2024, Price To Book Ratio is likely to grow to 0.32, though Price Earnings Ratio is likely to grow to (0.08). BIT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of November 2013 | 200 Day MA 3.406 | 50 Day MA 3.1258 | Beta 2.596 |
BIT |
Sharpe Ratio = 0.0104
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | BTCM |
| Negative Returns |
Estimated Market Risk
| 7.82 actual daily | 69 69% of assets are less volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BIT Mining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BIT Mining by adding BIT Mining to a well-diversified portfolio.
Price Book 0.6763 | Enterprise Value Ebitda (2.43) | Price Sales 0.6188 | Shares Float 993.4 M | Earnings Share (1.00) |
BIT Mining Valuation on June 27, 2022
It is possible to determine the worth of BIT Mining on a given historical date. On June 27, 2022 BIT was worth 0.69 at the beginning of the trading date compared to the closed value of 6.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BIT Mining stock. Still, in general, we apply an absolute valuation method to find BIT Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BIT Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BIT Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.76 | 84.95 | 6.00 | 6.00 | 329,780 | |
06/27/2022 | 0.69 | 95.50 | 6.80 | 6.80 | 134,190 |
| 0.69 | 6.50 | 6.50 | 6.50 | 170,280 |
| Backtest BIT Mining | | | BIT Mining History | | | BIT Mining Valuation | Previous | Next |
BIT Mining Trading Date Momentum on June 27, 2022
| On June 28 2022 BIT Mining was traded for 6.50 at the closing time. The top price for the day was 6.50 and the lowest listed price was 6.50 . The trading volume for the day was 170.3 K. The trading history from June 28, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.41% . The overall trading delta against the current closing price is 90.00% . |
BIT Mining Fundamentals Correlations and Trends
By evaluating BIT Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among BIT Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BIT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BIT Mining Stock history
BIT Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for BIT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BIT Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing BIT Mining stock prices may prove useful in developing a viable investing in BIT Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10 M | 10.5 M | |
| Net Loss | -178.7 M | -187.7 M |
BIT Mining Quarterly Net Working Capital |
|
BIT Mining Stock Technical Analysis
BIT Mining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
BIT Mining Period Price Range
Low | June 27, 2022
| High |
0.69 | 6.80 |
BIT Mining April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how BIT Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BIT Mining shares will generate the highest return on investment. By undertsting and applying BIT Mining stock market strength indicators, traders can identify BIT Mining entry and exit signals to maximize returns
| Accumulation Distribution | 124635.0 | |||
| Daily Balance Of Power | 0.0689 | |||
| Rate Of Daily Change | 9.86 | |||
| Day Median Price | 51.15 | |||
| Day Typical Price | 36.37 | |||
| Market Facilitation Index | 7.0E-4 | |||
| Price Action Indicator | (41.29) | |||
| Period Momentum Indicator | (3.63) | |||
| Relative Strength Index | 34.96 |
BIT Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BIT Mining's price direction in advance. Along with the technical and fundamental analysis of BIT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BIT to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0187 | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | 0.0233 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.Note that the BIT Mining information on this page should be used as a complementary analysis to other BIT Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for BIT Stock analysis
When running BIT Mining's price analysis, check to measure BIT Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BIT Mining is operating at the current time. Most of BIT Mining's value examination focuses on studying past and present price action to predict the probability of BIT Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BIT Mining's price. Additionally, you may evaluate how the addition of BIT Mining to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is BIT Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 3.91 | Quarterly Revenue Growth (0.83) | Return On Assets (0.13) | Return On Equity (0.24) |
The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.