BIT Mining Financials

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BIT Mining Stock Summary

BIT Mining competes with VNET Group, GDS Holdings, CLARIVATE PLC, CACI International, and ExlService Holdings. 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.

BIT Mining Key Financial Ratios

BIT Mining Key Balance Sheet Accounts

BIT Mining Key Cash Accounts

BIT Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining BIT Mining's current stock value. Our valuation model uses many indicators to compare BIT Mining value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BIT Mining competition to find correlations between indicators driving BIT Mining's intrinsic value. More Info.BIT Mining is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, BIT Mining's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value BIT Mining by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

BIT Mining Systematic Risk

Today, most investors in BIT Mining Stock are looking for potential investment opportunities by analyzing not only static indicators but also various BIT Mining's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of BIT Mining growth as a starting point in their analysis.

Along with financial statement analysis, the daily predictive indicators of BIT Mining help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of BIT Mining. We use our internally-developed statistical techniques to arrive at the intrinsic value of BIT Mining based on widely used predictive technical indicators. In general, we focus on analyzing BIT Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build BIT Mining's daily price indicators and compare them against related drivers.

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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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.

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.