Bit Mining Stock Performance
| BTCM Stock | USD 3.17 0.28 8.12% |
On a scale of 0 to 100, BIT Mining holds a performance score of 2. The firm shows a Beta (market volatility) of 4.57, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BIT Mining will likely underperform. Please check BIT Mining's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether BIT Mining's price patterns will revert.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in BIT Mining are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very inconsistent fundamental indicators, BIT Mining displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (6.23) | Five Day Return 47.05 | Year To Date Return (37.79) | Ten Year Return (99.10) | All Time Return (98.38) |
Last Split Factor 1:10 | Last Split Date 2022-12-23 |
1 | Bitcoin Miner Stock Gains Surpass Bitcoin. The Halving May Change That. - Investopedia | 02/16/2024 |
2 | BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023 | 02/23/2024 |
3 | 3 Crypto Stocks That Have Outperformed Bitcoin Over the Past Year - The Motley Fool | 02/28/2024 |
4 | Hut 8 Investors Offered Legal Support After Bitcoin Miner Stock Crash - CCN.com | 03/07/2024 |
5 | BIT Mining Limited Sees Significant Growth in Short Interest - Defense World | 03/19/2024 |
6 | Bitcoin Mining Stock Bit Digital Is Moving Higher Whats Going On - Investing.com UK | 03/27/2024 |
7 | Short Sellers Target Bitcoin Miners as Reward Halving Nears, 2 Billion at Stake Mining Bitcoin News - Bitcoin.com News | 04/15/2024 |
8 | How the Bitcoin halving could impact ailing mining stocks - Blockworks | 04/18/2024 |
9 | Crypto Miner Stocks in Play - BIT Mining Soars, Leading Miners Gains - Investorideas.com newswire | 04/23/2024 |
| Begin Period Cash Flow | 5.6 M |
BIT |
BIT Mining Relative Risk vs. Return Landscape
If you would invest 358.00 in BIT Mining on January 25, 2024 and sell it today you would lose (13.00) from holding BIT Mining or give up 3.63% of portfolio value over 90 days. BIT Mining is currently generating 0.2102% in daily expected returns and assumes 7.7539% risk (volatility on return distribution) over the 90 days horizon. In different words, 68% of stocks are less volatile than BIT, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
BIT Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIT Mining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BIT Mining, and traders can use it to determine the average amount a BIT Mining's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0271
| Best Portfolio | Best Equity | |||
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| Small Returns | BTCM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.75 actual daily | 68 68% of assets are less volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average BIT Mining is performing at about 2% of its full potential. 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 it to a well-diversified portfolio.
BIT Mining Fundamentals Growth
BIT Stock prices reflect investors' perceptions of the future prospects and financial health of BIT Mining, and BIT Mining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BIT Stock performance.
| Return On Equity | -0.24 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.33) % | ||||
| Operating Margin | (0.28) % | ||||
| Current Valuation | 3.83 B | ||||
| Shares Outstanding | 11.11 M | ||||
| Price To Book | 0.68 X | ||||
| Price To Sales | 0.62 X | ||||
| Revenue | 650.23 M | ||||
| Gross Profit | (9.99 M) | ||||
| EBITDA | (42.09 M) | ||||
| Net Income | (14.43 M) | ||||
| Cash And Equivalents | 22.56 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 4.2 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.60 X | ||||
| Book Value Per Share | 3.55 X | ||||
| Cash Flow From Operations | (63.56 M) | ||||
| Earnings Per Share | (1.00) X | ||||
| Market Capitalization | 38.34 M | ||||
| Total Asset | 74.48 M | ||||
| Retained Earnings | (554.5 M) | ||||
| Working Capital | 3.53 M | ||||
About BIT Mining Performance
To evaluate BIT Mining Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when BIT Mining generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare BIT Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand BIT Mining market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents BIT's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.06 | 0.06 | |
| Return On Tangible Assets | (2.93) | (2.78) | |
| Return On Capital Employed | (4.82) | (4.58) | |
| Return On Assets | (2.80) | (2.66) | |
| Return On Equity | (5.11) | (4.85) |
Things to note about BIT Mining performance evaluation
Checking the ongoing alerts about BIT Mining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for BIT Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| BIT Mining had very high historical volatility over the last 90 days | |
| BIT Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 650.23 M. Net Loss for the year was (14.43 M) with loss before overhead, payroll, taxes, and interest of (9.99 M). | |
| BIT Mining currently holds about 22.56 M in cash with (63.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. | |
| Latest headline from news.google.com: Crypto Miner Stocks in Play - BIT Mining Soars, Leading Miners Gains - Investorideas.com newswire |
- Analyzing BIT Mining's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether BIT Mining's stock is overvalued or undervalued compared to its peers.
- Examining BIT Mining's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating BIT Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of BIT Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of BIT Mining's stock. These opinions can provide insight into BIT Mining's potential for growth and whether the stock is currently undervalued or overvalued.
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.