Bit Mining Stock Shares Outstanding
| BTCM Stock | USD 2.79 0.05 1.76% |
BIT Mining fundamentals help investors to digest information that contributes to BIT Mining's financial success or failures. It also enables traders to predict the movement of BIT Stock. The fundamental analysis module provides a way to measure BIT Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BIT Mining stock.
As of the 21st of November 2024, Common Stock Shares Outstanding is likely to grow to about 11.6 M. BIT | Shares Outstanding |
BIT Mining Company Shares Outstanding Analysis
BIT Mining's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current BIT Mining Shares Outstanding | 11.54 M |
Most of BIT Mining's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BIT Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
BIT Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for BIT Mining is extremely important. It helps to project a fair market value of BIT Stock properly, considering its historical fundamentals such as Shares Outstanding. Since BIT Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of BIT Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of BIT Mining's interrelated accounts and indicators.
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BIT Shares Outstanding Historical Pattern
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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of BIT Mining shares outstanding as a starting point in their analysis.
BIT Mining Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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BIT Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, BIT Mining has 11.54 M of shares currently outstending. This is 93.92% lower than that of the Software sector and 96.0% lower than that of the Information Technology industry. The shares outstanding for all United States stocks is 97.98% higher than that of the company.
BIT Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BIT Mining's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BIT Mining could also be used in its relative valuation, which is a method of valuing BIT Mining by comparing valuation metrics of similar companies.BIT Mining is currently under evaluation in shares outstanding category among its peers.
BIT Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of BIT Mining from analyzing BIT Mining's financial statements. These drivers represent accounts that assess BIT Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of BIT Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.2B | 2.6B | 382.1M | 13.8M | 55.6M | 52.8M | |
| Enterprise Value | 2.1B | 2.5B | 371.6M | 12.5M | 56.5M | 53.7M |
BIT Mining ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, BIT Mining's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to BIT Mining's managers, analysts, and investors.Environmental | Governance | Social |
BIT Fundamentals
| Return On Equity | -0.43 | ||||
| Return On Asset | -0.19 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 33.86 M | ||||
| Shares Outstanding | 11.54 M | ||||
| Shares Owned By Insiders | 3.38 % | ||||
| Shares Owned By Institutions | 3.39 % | ||||
| Number Of Shares Shorted | 139.81 K | ||||
| Price To Book | 0.71 X | ||||
| Price To Sales | 0.79 X | ||||
| Revenue | 43.1 M | ||||
| Gross Profit | (9.99 M) | ||||
| EBITDA | (12.82 M) | ||||
| Net Income | (28.71 M) | ||||
| Cash And Equivalents | 22.56 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 4.22 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.60 X | ||||
| Book Value Per Share | 3.98 X | ||||
| Cash Flow From Operations | (28.41 M) | ||||
| Short Ratio | 2.26 X | ||||
| Earnings Per Share | (2.00) X | ||||
| Number Of Employees | 75 | ||||
| Beta | 2.51 | ||||
| Market Capitalization | 32.78 M | ||||
| Total Asset | 72.6 M | ||||
| Retained Earnings | (570.88 M) | ||||
| Working Capital | (11.07 M) | ||||
| Net Asset | 72.6 M |
About BIT Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BIT Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BIT Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BIT Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out BIT Mining Piotroski F Score and BIT Mining Altman Z Score analysis. To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.