Bit Mining Stock Price on September 22, 2021
| BTCM Stock | USD 2.70 0.71 35.68% |
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 2.70, as last reported on the 23rd of April, with the highest price reaching 2.86 and the lowest price hitting 2.00 during the day.
If you're considering investing in BIT Stock, it is important to understand the factors that can impact its price. BIT Mining secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of volatility over the last 3 months. BIT Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BIT Mining's risk adjusted performance of (0.09), and Mean Deviation of 3.64 to double-check the risk estimate we provide.
At this time, BIT Mining's Common Stock Shares Outstanding is very stable compared to the past year. As of the 23rd 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 23rd 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 3.4075 | 50 Day MA 3.165 | Beta 2.596 |
BIT |
Sharpe Ratio = -0.1602
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTCM |
Estimated Market Risk
| 5.19 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.83 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 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 September 22, 2021
It is possible to determine the worth of BIT Mining on a given historical date. On September 22, 2021 BIT was worth 2.79 at the beginning of the trading date compared to the closed value of 27.6. 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 | |
04/07/2022 | 2.79 | 126.17 | 27.60 | 27.60 | 18,530 |
| 2.68 | 120.55 | 26.00 | 26.00 | 20,630 |
| Backtest BIT Mining | | | BIT Mining History | | | BIT Mining Valuation | Next |
BIT Mining Trading Date Momentum on September 22, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 |
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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 | April 7, 2022
| High |
2.79 | 27.60 |
BIT Mining April 23, 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 | 14476.52 | |||
| Daily Balance Of Power | 0.2517 | |||
| Rate Of Daily Change | 9.89 | |||
| Day Median Price | 76.89 | |||
| Day Typical Price | 60.46 | |||
| Market Facilitation Index | 0.0053 | |||
| Price Action Indicator | (36.88) | |||
| Period Momentum Indicator | (24.90) |
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 | (0.09) | |||
| Jensen Alpha | (1.04) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | (0.33) |
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| 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.
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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.