Bit Mining Stock Analysis

BTCM -  USA Stock  

USD 4.77  0.23  5.07%

The big decline in price over the last few months for Bit Mining could raise concerns from stakeholders as the firm it trading at a share price of 4.77 on 722,511 in volume. The company executives failed to add value to investors and positioning the firm supply of money to exploit market volatility in June. However, diversifying your holdings with Bit Mining or any 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 8.01. 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

About 18.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. Limited, through its subsidiaries, provides online gaming services primarily in the Peoples Republic of China and Europe. The company was formerly known as Limited and changed its name to Limited in October 2013. Limited was founded in 2001 and is headquartered in Shenzhen, the Peoples Republic of China. Bit Mining is traded on New York Stock Exchange in the United States. For more info on Bit Mining please contact the company at 86 755 8633 0000.

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 generates negative expected return over the last 90 days
Bit Mining has high historical volatility and very poor performance
The company reported the previous year's revenue of 21.82 M. Net Loss for the year was (223.23 M) with profit before overhead, payroll, taxes, and interest of 5.04 M.
Bit Mining currently holds about 308.68 M in cash with (68.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.51, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 18.0% of the company shares are held by company insiders
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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
Cutler Group LpPut Options7.3 K97 K
Cutler Group LpCommon Shares6.5 K51 K
Cutler Group LpCall Options4.9 K1000
Sc China Holding LtdCommon Shares3.5 M74.9 M
Morgan StanleyCommon Shares220 K4.7 M
Marshall Wace LlpCommon Shares182.8 K3.9 M
Susquehanna International Group LlpCommon Shares133.2 K2.8 M
Group One Trading LpCommon Shares60.9 K1.3 M
Henry James International Management IncCommon Shares36.2 K773 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 'Small-Cap' category with current market capitalization of 914.37 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.

Management Efficiency

The entity has return on total asset (ROA) of (20.45) % which means that it has lost $20.45 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (45.38) %, 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 24th of July, Bit Mining shows the mean deviation of 6.16, and Risk Adjusted Performance of (0.12). 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 4.77 per share. Given that Bit Mining has jensen alpha of (1.43), we suggest you to validate Bit Mining's prevailing market performance to make sure the company can sustain itself at a future point.

Bit Mining Price Movement Analysis

The output start index for this execution was two with a total number of output elements of fifty-nine. The Exponential Moving Average is calculated by weighting recent values of Bit Mining more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Bit Mining Technical and Predictive Indicators

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 stock 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 stock is reacting to, or reflecting on a current stock 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. Limited, through its subsidiaries, provides online gaming services primarily in the Peoples Republic of China and Europe. The company was formerly known as Limited and changed its name to Limited in October 2013. Limited was founded in 2001 and is headquartered in Shenzhen, the Peoples Republic of China. Bit Mining is traded on New York Stock Exchange in the United States.

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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Bit Mining Stock analysis

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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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 underlying business (such as 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.