Bit Mining Stock Today
| BTCM Stock | USD 2.79 0.05 1.76% |
Performance5 of 100
| Odds Of DistressOver 79
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BIT Mining is selling at 2.79 as of the 21st of November 2024; that is 1.76 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.74. BIT Mining has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for BIT Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 22nd of November 2013 | Category Technology | Classification Information Technology |
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. The company has 11.54 M outstanding shares of which 139.81 K shares are currently shorted by private and institutional investors with about 2.26 trading days to cover. More on BIT Mining
Moving together with BIT Stock
| 0.85 | FI | Fiserv, | PairCorr |
| 0.64 | IT | Gartner | PairCorr |
| 0.75 | KD | Kyndryl Holdings | PairCorr |
| 0.75 | DMRC | Digimarc | PairCorr |
Moving against BIT Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
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BIT Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chief Executive Officer | Xianfeng Yang | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Information Technology Services, Information Technology, NYSE Composite, Information Technology, Software, Information Technology Services, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsBIT Mining can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand BIT Mining's financial leverage. It provides some insight into what part of BIT Mining's total assets is financed by creditors.
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BIT Mining (BTCM) is traded on New York Stock Exchange in USA. It is located in 428 South Seiberling Street, Akron, OH, United States, 44306 and employs 75 people. BIT Mining is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 32.78 M. BIT Mining conducts business under Software sector and is part of Information Technology industry. The entity has 11.54 M outstanding shares of which 139.81 K shares are currently shorted by private and institutional investors with about 2.26 trading days to cover.
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.
Check BIT Mining Probability Of Bankruptcy
Ownership AllocationThe market capitalization of BIT Mining is $32.78 Million. BIT Mining shows 3.38 percent of its outstanding shares held by insiders and 3.39 percent owned by other corporate entities. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check BIT Ownership Details
BIT Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Sc China Holding Ltd | 2024-06-30 | 350.4 K | |
| Xtx Topco Ltd | 2024-06-30 | 22.3 K | |
| Citadel Advisors Llc | 2024-06-30 | 3 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 Historical Income Statement
BIT Stock Against Markets
BIT Mining Corporate Management
| Qian Sun | Independent Director | Profile | |
| Angel Wong | Independent Director | Profile | |
| Honghui Deng | Independent Director | Profile | |
| Yu Wei | Independent Director | Profile | |
| Shengwu Wu | Chairman of the Board | Profile |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.