Bit Mining Stock Price History

BTCM Stock  USD 2.77  0.02  0.72%   
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 2.77, as last reported on the 25th of November, with the highest price reaching 2.92 and the lowest price hitting 2.66 during the day.
IPO Date
22nd of November 2013
200 Day MA
2.7498
50 Day MA
2.5804
Beta
2.51
 
Yuan Drop
 
Covid
If you're considering investing in BIT Stock, it is important to understand the factors that can impact its price. BIT Mining appears to be very risky, given 3 months investment horizon. BIT Mining secures Sharpe Ratio (or Efficiency) of 0.0571, which signifies that the company had a 0.0571% return per unit of volatility over the last 3 months. We have found thirty technical indicators for BIT Mining, which you can use to evaluate the volatility of the firm. Please makes use of BIT Mining's risk adjusted performance of 0.0766, and Mean Deviation of 3.68 to double-check if our risk estimates are consistent with your expectations.
  
At this time, BIT Mining's Common Stock Shares Outstanding is very stable compared to the past year. As of the 25th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 134 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 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, though Price Earnings Ratio is likely to grow to (1.84). BIT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0571

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsBTCM
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 4.97
  actual daily
44
56% of assets are more volatile

Expected Return

 0.28
  actual daily
5
95% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
4
96% of assets perform better
Based on monthly moving average BIT Mining is performing at about 4% 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.
Price Book
0.6969
Enterprise Value Ebitda
(2.66)
Price Sales
0.7723
Shares Float
994.9 M
Earnings Share
(2.00)

BIT Mining Stock Price History Chart

There are several ways to analyze BIT Stock price data. The simplest method is using a basic BIT candlestick price chart, which shows BIT Mining price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest PriceNovember 11, 20243.26
Lowest PriceSeptember 6, 20241.98

BIT Mining November 25, 2024 Stock Price Synopsis

Various analyses of BIT Mining's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell BIT Stock. It can be used to describe the percentage change in the price of BIT Mining from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of BIT Stock.
BIT Mining Price Rate Of Daily Change 0.99 
BIT Mining Price Action Indicator(0.03)
BIT Mining Price Daily Balance Of Power(0.08)

BIT Mining November 25, 2024 Stock Price Analysis

When benchmark price declines in a down market, there may be an uptick in BIT Stock price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use BIT Mining intraday prices and daily technical indicators to check the level of noise trading in BIT Stock and then apply it to test your longer-term investment strategies against BIT.

BIT Stock Price History Data

The price series of BIT Mining for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 has a statistical range of 1.28 with a coefficient of variation of 13.31. The prices are distributed with arithmetic mean of 2.5. The median price for the last 90 days is 2.43. The company had 1:10 stock split on 23rd of December 2022.
OpenHighLowCloseVolume
11/25/2024
 2.71  2.92  2.66  2.77 
11/22/2024 2.71  2.92  2.66  2.77  279,052 
11/21/2024 2.98  2.99  2.74  2.79  322,944 
11/20/2024 3.09  3.15  2.83  2.84  300,327 
11/19/2024 2.84  3.30  2.83  3.07  605,455 
11/18/2024 2.96  3.05  2.76  3.00  311,728 
11/15/2024 2.97  3.00  2.70  2.95  392,904 
11/14/2024 3.20  3.22  2.80  2.96  1,093,443 
11/13/2024 3.56  3.98  2.82  3.11  1,603,040 
11/12/2024 3.20  4.27  2.98  3.20  2,642,106 
11/11/2024 3.15  3.28  3.02  3.26  517,004 
11/08/2024 2.90  2.95  2.71  2.82  75,030 
11/07/2024 3.01  3.01  2.82  2.94  92,183 
11/06/2024 3.15  3.15  2.86  3.02  166,746 
11/05/2024 2.74  2.90  2.71  2.72  31,794 
11/04/2024 2.70  2.73  2.52  2.69  60,058 
11/01/2024 2.61  2.79  2.61  2.71  40,375 
10/31/2024 2.85  2.90  2.51  2.57  79,910 
10/30/2024 2.83  2.93  2.69  2.85  41,560 
10/29/2024 2.98  3.20  2.85  2.91  134,731 
10/28/2024 2.64  2.99  2.61  2.95  147,434 
10/25/2024 2.64  2.70  2.55  2.62  65,298 
10/24/2024 2.49  2.60  2.47  2.53  25,747 
10/23/2024 2.58  2.60  2.46  2.48  45,013 
10/22/2024 2.70  2.76  2.56  2.60  47,287 
10/21/2024 2.86  2.86  2.70  2.72  40,884 
10/18/2024 2.77  2.91  2.71  2.85  78,417 
10/17/2024 2.81  2.83  2.58  2.70  45,321 
10/16/2024 2.41  2.92  2.35  2.81  248,006 
10/15/2024 2.30  2.49  2.22  2.40  90,737 
10/14/2024 2.26  2.30  2.20  2.29  49,219 
10/11/2024 2.13  2.24  2.13  2.22  30,307 
10/10/2024 2.21  2.24  2.12  2.16  13,025 
10/09/2024 2.17  2.25  2.10  2.23  20,376 
10/08/2024 2.20  2.22  2.08  2.17  17,526 
10/07/2024 2.17  2.24  2.06  2.18  36,325 
10/04/2024 2.28  2.38  2.16  2.16  39,345 
10/03/2024 2.26  2.30  2.13  2.19  21,594 
10/02/2024 2.35  2.35  2.17  2.24  50,424 
10/01/2024 2.47  2.50  2.30  2.32  50,425 
09/30/2024 2.37  2.44  2.23  2.35  66,869 
09/27/2024 2.28  2.38  2.28  2.36  38,462 
09/26/2024 2.32  2.50  2.27  2.31  55,372 
09/25/2024 2.24  2.33  2.24  2.29  28,923 
09/24/2024 2.31  2.32  2.13  2.25  35,139 
09/23/2024 2.27  2.32  2.20  2.25  35,121 
09/20/2024 2.33  2.37  2.22  2.24  31,928 
09/19/2024 2.36  2.36  2.20  2.26  32,567 
09/18/2024 2.27  2.31  2.16  2.21  19,813 
09/17/2024 2.26  2.32  2.20  2.29  21,674 
09/16/2024 2.37  2.37  2.10  2.21  27,952 
09/13/2024 2.25  2.35  2.20  2.31  33,723 
09/12/2024 2.04  2.17  2.04  2.15  22,143 
09/11/2024 2.08  2.09  1.95  2.06  24,622 
09/10/2024 2.01  2.10  1.98  2.08  14,146 
09/09/2024 2.02  2.08  1.93  2.01  56,033 
09/06/2024 2.11  2.12  1.92  1.98  71,670 
09/05/2024 2.17  2.18  2.06  2.12  44,635 
09/04/2024 2.12  2.20  2.11  2.13  39,971 
09/03/2024 2.45  2.54  2.08  2.19  55,281 
08/30/2024 2.45  2.45  2.30  2.30  25,917 

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 ReportedProjected for Next Year
Common Stock Shares Outstanding11 M11.6 M
Net Loss-178.7 M-187.7 M

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.
A focus of BIT Mining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BIT Mining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Did you try this?

Run Correlation Analysis Now

   

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
All  Next Launch Module

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.
When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BIT Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports:
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 closely tied 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.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Application Software space 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
(2.00)
Revenue Per Share
3.712
Quarterly Revenue Growth
(0.87)
Return On Assets
(0.19)
Return On Equity
(0.43)
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.