Bit Mining Stock Buy Hold or Sell Recommendation
| BTCM Stock | USD 2.77 0.02 0.72% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding BIT Mining is 'Cautious Hold'. The recommendation algorithm takes into account all of BIT Mining's available fundamental, technical, and predictive indicators you will find on this site.
Check out BIT Mining Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide. Note, we conduct extensive research on individual companies such as BIT and provide practical buy, sell, or hold advice based on investors' constraints. 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.
BIT |
Execute BIT Mining Buy or Sell Advice
The BIT recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on BIT Mining. Macroaxis does not own or have any residual interests in BIT Mining or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute BIT Mining's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
BIT Mining Trading Alerts and Improvement Suggestions
| BIT Mining had very high historical volatility over the last 90 days | |
| BIT Mining has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 43.1 M. Net Loss for the year was (28.71 M) with loss before overhead, payroll, taxes, and interest of (9.99 M). | |
| BIT Mining currently holds about 22.56 M in cash with (28.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. | |
| BIT Mining has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Shark Bites Im Eyeing This Stock as a Safer Bitcoin Play - TheStreet |
BIT Mining Returns Distribution Density
The distribution of BIT Mining's historical returns is an attempt to chart the uncertainty of BIT Mining's future price movements. The chart of the probability distribution of BIT Mining daily returns describes the distribution of returns around its average expected value. We use BIT Mining price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of BIT Mining returns is essential to provide solid investment advice for BIT Mining.
| Mean Return | 0.45 | Value At Risk | -6.6 | Potential Upside | 11.66 | Standard Deviation | 5.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of BIT Mining historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
BIT Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as BIT Mining, soars without any apparent reason. This usually happens because many institutional investors are aggressively trading BIT Mining back and forth among themselves. Companies that invest excess capital in these types of assets may also be included in this term and can influence corporate governance by exercising voting rights in their investments.
| Shares | Sc China Holding Ltd | 2024-09-30 | 350.4 K | Xtx Topco Ltd | 2024-09-30 | 21 K | Citadel Advisors Llc | 2024-09-30 | 15.5 K | Simplex Trading, Llc | 2024-06-30 | 2.1 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.7 K | Ubs Group Ag | 2024-06-30 | 879 | Rhumbline Advisers | 2024-06-30 | 718 | Northwestern Mutual Wealth Management Co | 2024-06-30 | 10.0 | Hrt Financial Llc | 2024-06-30 | 0.0 |
BIT Mining Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (10.1M) | (8.2M) | (30.1M) | (12.2M) | (2.3M) | (2.2M) | |
| Free Cash Flow | (23.8M) | (10.6M) | (90.9M) | (77.3M) | (44.1M) | (41.9M) | |
| Depreciation | 11.3M | 8.1M | 21.6M | 34.8M | 12.6M | 8.8M | |
| Other Non Cash Items | 51.7M | 5.2M | 42.9M | 124.5M | 5.0M | 4.7M | |
| Capital Expenditures | 537.0K | 225.0K | 56.6M | 13.8M | 15.7M | 9.3M | |
| Net Income | (93.5M) | (33.8M) | (72.5M) | (158.4M) | (28.7M) | (30.1M) | |
| End Period Cash Flow | 52.3M | 47.8M | 17.8M | 5.6M | 3.3M | 3.1M | |
| Investments | 83.0M | 24.7M | (75.4M) | 24.4M | 26.2M | 24.9M | |
| Change To Netincome | 433.5M | 87.9M | 37.8M | 125.6M | 113.0M | 141.2M |
BIT Mining Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to BIT Mining or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that BIT Mining's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a BIT stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 3.16 | |
σ | Overall volatility | 4.97 | |
Ir | Information ratio | 0.06 |
BIT Mining Volatility Alert
BIT Mining shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure BIT Mining's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact BIT Mining's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.BIT Mining Fundamentals Vs Peers
Comparing BIT Mining's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze BIT Mining's direct or indirect competition across all of the common fundamentals between BIT Mining and the related equities. This way, we can detect undervalued stocks with similar characteristics as BIT Mining or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of BIT Mining's fundamental indicators could also be used in its relative valuation, which is a method of valuing BIT Mining by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare BIT Mining to competition |
| Fundamentals | BIT Mining | Peer Average |
| Return On Equity | -0.43 | -0.31 |
| Return On Asset | -0.19 | -0.14 |
| Profit Margin | (0.09) % | (1.27) % |
| Operating Margin | (0.13) % | (5.51) % |
| Current Valuation | 33.05 M | 16.62 B |
| Shares Outstanding | 11.54 M | 571.82 M |
| Shares Owned By Insiders | 3.38 % | 10.09 % |
| Shares Owned By Institutions | 3.39 % | 39.21 % |
| Number Of Shares Shorted | 139.81 K | 4.71 M |
| Price To Book | 0.70 X | 9.51 X |
| Price To Sales | 0.77 X | 11.42 X |
| Revenue | 43.1 M | 9.43 B |
| Gross Profit | (9.99 M) | 27.38 B |
| EBITDA | (12.82 M) | 3.9 B |
| Net Income | (28.71 M) | 570.98 M |
| Cash And Equivalents | 22.56 M | 2.7 B |
| Cash Per Share | 0.26 X | 5.01 X |
| Total Debt | 4.22 M | 5.32 B |
| Debt To Equity | 0.03 % | 48.70 % |
| Current Ratio | 1.60 X | 2.16 X |
| Book Value Per Share | 3.98 X | 1.93 K |
| Cash Flow From Operations | (28.41 M) | 971.22 M |
| Short Ratio | 2.26 X | 4.00 X |
| Earnings Per Share | (2.00) X | 3.12 X |
| Number Of Employees | 75 | 18.84 K |
| Beta | 2.51 | -0.15 |
| Market Capitalization | 31.98 M | 19.03 B |
| Total Asset | 72.6 M | 29.47 B |
| Retained Earnings | (570.88 M) | 9.33 B |
| Working Capital | (11.07 M) | 1.48 B |
| Net Asset | 72.6 M |
BIT Mining Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as BIT . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About BIT Mining Buy or Sell Advice
When is the right time to buy or sell BIT Mining? Buying financial instruments such as BIT Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out BIT Mining Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.