Bit Mining Stock Analysis

BTCM
 Stock
  

USD 0.29  0.03  11.54%   

The big decline in price over the last few months for Bit Mining could raise concerns from stakeholders as the firm is trading at a share price of 0.29 on 911,115 in volume. The company directors and management failed to add value to investors and position the firm supply of money to exploit market volatility in August. However, diversifying your holdings with Bit Mining or similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 7.91. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Bit Mining partners.
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The Bit Mining stock analysis report makes it easy to digest most publicly released information about Bit Mining and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Bit Mining Stock analysis module also helps to analyze the Bit Mining price relationship with some important fundamental indicators such as market cap and management efficiency.

Bit Mining Stock Analysis Notes

The company has price-to-book (P/B) ratio of 0.11. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bit Mining recorded a loss per share of 1.06. The entity had not issued any dividends in recent years. BIT Mining Limited operates as a cryptocurrency mining company. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong. Bit Mining operates under Information Technology Services classification in the United States and is traded on New York Stock Exchange. It employs 153 people. For more info on Bit Mining please contact Xianfeng Yang at 852 5987 5938 or go to https://www.btcm.group.

Bit Mining Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Bit Mining's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Bit Mining or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Bit Mining generated a negative expected return over the last 90 days
Bit Mining has high historical volatility and very poor performance
Bit Mining has some characteristics of a very speculative penny stock
Bit Mining has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 1.62 B. Net Loss for the year was (58.13 M) with profit before overhead, payroll, taxes, and interest of 5.46 M.
Bit Mining currently holds about 20.91 M in cash with (34.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29.
Latest headline from en.cryptonomist.ch: Extreme volatility on mining company stocks - The Cryptonomist

Bit Mining Upcoming and Recent Events

Earnings reports are used by Bit Mining to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bit Mining previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report14th of February 2022
Next Fiscal Quarter End31st of December 2021

Bit Mining SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Bit Mining prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Bit Mining investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Bit Mining specific information freely available to individual and institutional investors to make a timely investment decision.

Bit Mining Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Bit Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Mining backward and forwards among themselves. Bit Mining's institutional investor refers to the entity that pools money to purchase Bit Mining's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Armistice Capital LlcCommon Shares5.1 M3.2 M
Sc China Holding LtdCommon Shares3.5 M2.2 M
Mirae Asset Global Investments Co LtdCommon Shares1.1 M659 K
Marshall Wace LlpCommon Shares682.2 K422 K
Renaissance Technologies LlcCommon Shares521.2 K323 K
Van Eck Associates CorpCommon Shares437.4 K272 K
Vident Investment Advisory LlcCommon Shares338 K210 K
Group One Trading LpCall Options125.4 K78 K
Susquehanna International Group LlpPut Options98.2 K61 K
Note, although Bit Mining's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Bit Mining Market Capitalization

The company currently falls under 'Micro-Cap' category with current market capitalization of 20.13 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bit Mining's market, we take the total number of its shares issued and multiply it by Bit Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Bit Mining Profitablity

Bit Mining's profitability indicators refer to fundamental financial ratios that showcase Bit Mining's ability to generate income relative to its revenue or operating costs. If, let's say, Bit Mining is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Bit Mining's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Bit Mining's profitability requires more research than a typical breakdown of Bit Mining's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (4.04) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (2.34) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -0.02.

Management Efficiency

The entity has return on total asset (ROA) of (9.6) % which means that it has lost $9.6 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (40.16) %, meaning that it created substantial loss on money invested by shareholders. Bit Mining management efficiency ratios could be used to measure how well bit mining manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 27th of September, Bit Mining shows the mean deviation of 5.44, and Risk Adjusted Performance of (0.16). Bit Mining technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Bit Mining, which can be compared to its rivals. Please confirm Bit Mining variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Bit Mining is priced correctly, providing market reflects its regular price of 0.29 per share. As Bit Mining appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Bit Mining Price Movement Analysis

The output start index for this execution was thirty-four with a total number of output elements of twenty-seven. The Weighted Moving Average calculates a weight for each value in Bit Mining price series with the more recent values given greater weights.
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Bit Mining Predictive Daily Indicators

Bit Mining intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bit Mining stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Bit Mining Forecast Models

Bit Mining time-series forecasting models is one of many Bit Mining's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Bit Mining's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Bit Mining Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Bit Mining prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Bit Mining shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Bit Mining. By using and applying Bit Mining Stock analysis, traders can create a robust methodology for identifying Bit Mining entry and exit points for their positions.
BIT Mining Limited operates as a cryptocurrency mining company. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong. Bit Mining operates under Information Technology Services classification in the United States and is traded on New York Stock Exchange. It employs 153 people.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Bit Mining to your portfolios without increasing risk or reducing expected return.

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Continue to Trending Equities. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Bit Mining 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 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 Mining 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.
The market value of Bit Mining is measured differently than its book value, which is the value of Bit Mining 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 Bit Mining value 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.