BIT Mining Limited (BTCM) Performance and Fundamentals Dashboard tells a completely different story

BIT Mining Limited (NYSE: BTCM) stock fell -2.20% on Monday to $4.00 against a previous-day closing price of $4.09. With 0.9 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $4.3000 whereas the lowest price it dropped to was $3.8400. The 52-week range on BTCM shows that it touched its highest point at $34.80 and its lowest point at $1.40 during that stretch. Beta for the stock currently stands at 2.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTCM was up-trending over the past week, with a rise of 30.29%, but this was up by 118.22% over a month. Three-month performance surged to 66.67% while six-month performance fell -43.98%. The stock lost -87.92% in the past year, while it has gained 153.16% so far this year. A look at the trailing 12-month EPS for BTCM yields -7.50 with Next year EPS estimates of -0.02. For the next quarter, that number is 0.00. This implies an EPS growth rate of -53.40% for this year and 66.70% for next year. EPS is expected to grow by 15.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.90%.

Float and Shares Shorts:

At present, 9.79 million BTCM shares are outstanding with a float of 8.58 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.09 million, which was 1.20% higher than short shares on Sep 14, 2022. In addition to Mr. Man San Law as the firm’s Exec. Director, Mr. Bo Yu serves as its COO, Gen. Counsel & Chairman.

Institutional Ownership:

Through their ownership of 15.29% of BTCM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.28% of BTCM, in contrast to 0.17% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BTCM with 1.16% of the stake, Global X Management Co. LLC holds 123,288 shares worth 123,288. A second-largest stockholder of BTCM, Millennium Management LLC, holds 79,017 shares, controlling over 0.74% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in BTCM, holding 67,028 shares or 0.63% stake. With a 0.06% stake in BTCM, the Atlantis Intl. Umbrella Fund – Ch is the largest stakeholder. A total of 6,000 shares are owned by the mutual fund manager. The Lumyna – MW TOPS UCITS Fund, which owns about 0.06% of BTCM stock, is the second-largest Mutual Fund holder. It holds 5,821 shares valued at 9197.0. SPDR Portfolio Emerging Markets E holds 0.05% of the stake in BTCM, owning 5,748 shares worth 9082.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTCM since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BTCM analysts setting a high price target of $878.95 and a low target of $878.95, the average target price over the next 12 months is $878.95. Based on these targets, BTCM could surge 21873.75% to reach the target high and rise by 21873.75% to reach the target low. Reaching the average price target will result in a growth of 21873.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BTCM will report FY 2022 earnings on 02/15/2024. Analysts have provided yearly estimates in a range of -$4.18 being high and -$4.18 being low. For BTCM, this leads to a yearly average estimate of -$4.18.

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