Is BIT Mining Stock a Good Investment?
BIT Mining Investment Advice | BTCM |
- Examine BIT Mining's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research BIT Mining's leadership team and their track record. Good management can help BIT Mining navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact BIT Mining's business and its evolving consumer preferences.
- Compare BIT Mining's performance and market position to its competitors. Analyze how BIT Mining is positioned in terms of product offerings, innovation, and market share.
- Check if BIT Mining pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about BIT Mining's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in BIT Mining stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if BIT Mining is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Moves slightly opposite to the market | 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 |
Examine BIT Mining Stock
Researching BIT Mining's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book (P/B) ratio of 0.91. Some equities with similar Price to Book (P/B) outperform the market in the long run. BIT Mining recorded a loss per share of 2.0. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 23rd of December 2022.
To determine if BIT Mining is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding BIT Mining's research are outlined below:
| BIT Mining had very high historical volatility over the last 90 days | |
| BIT Mining has high likelihood to experience some financial distress in the next 2 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 seekingalpha.com: BIT Mining regains compliance with NYSE |
BIT Mining Quarterly Liabilities And Stockholders Equity |
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BIT Mining uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in BIT Mining. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to BIT Mining's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 16th of February 2024 Upcoming Quarterly Report | View | |
| 4th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 16th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact BIT Mining's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises BIT Mining's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2015-02-11 | 2014-12-31 | 2.65 | 2.3 | -0.35 | 13 | ||
2014-02-21 | 2013-12-31 | 1.15 | 1.5 | 0.35 | 30 | ||
2015-07-29 | 2015-06-30 | -0.8 | -1.4 | -0.6 | 75 | ||
2014-05-07 | 2014-03-31 | 0.75 | 1.5 | 0.75 | 100 | ||
2015-11-12 | 2015-09-30 | -0.7 | -1.8 | -1.1 | 157 | ||
2014-08-11 | 2014-06-30 | 1.73 | 3.7 | 1.97 | 113 | ||
2015-05-19 | 2015-03-31 | 2.5 | -0.6 | -3.1 | 124 |
Know BIT Mining's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as BIT Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading BIT Mining backward and forwards among themselves. BIT Mining's institutional investor refers to the entity that pools money to purchase BIT Mining's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Sc China Holding Ltd | 2024-09-30 | 350.4 K | Hrt Financial Llc | 2024-06-30 | 0.0 | Xtx Topco Ltd | 2024-09-30 | 21 K | Citadel Advisors Llc | 2024-09-30 | 15.5 K | Simplex Trading, Llc | 2024-09-30 | 2.6 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 793 | Rhumbline Advisers | 2024-09-30 | 718 | Legacy Investment Solutions, Llc | 2024-09-30 | 375 | Jpmorgan Chase & Co | 2024-09-30 | 130 | Bank Of America Corp | 2024-09-30 | 20.0 | Northwestern Mutual Wealth Management Co | 2024-09-30 | 10.0 |
BIT Mining's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 41.59 M.Market Cap |
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BIT Mining's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.47) | (0.49) | |
| Return On Capital Employed | (1.05) | (1.10) | |
| Return On Assets | (0.45) | (0.48) | |
| Return On Equity | (1.31) | (1.38) |
Determining BIT Mining's profitability involves analyzing its financial statements and using various financial metrics to determine if BIT Mining is a good buy. For example, gross profit margin measures BIT Mining's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of BIT Mining's profitability and make more informed investment decisions.
BIT Mining's Earnings Breakdown by Geography
Evaluate BIT Mining's management efficiency
BIT Mining has return on total asset (ROA) of (0.1919) % which means that it has lost $0.1919 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.434) %, meaning that it created substantial loss on money invested by shareholders. BIT Mining's management efficiency ratios could be used to measure how well BIT Mining manages its routine affairs as well as how well it operates its assets and liabilities. As of the 8th of January 2025, Return On Tangible Assets is likely to drop to -0.49. In addition to that, Return On Capital Employed is likely to drop to -1.1. At this time, BIT Mining's Non Current Assets Total are very stable compared to the past year. As of the 8th of January 2025, Non Currrent Assets Other is likely to grow to about 6.6 M, while Other Current Assets are likely to drop about 24.3 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.62 | 2.49 | |
| Tangible Book Value Per Share | 2.41 | 2.29 | |
| Enterprise Value Over EBITDA | (5.07) | (4.82) | |
| Price Book Value Ratio | 1.99 | 2.09 | |
| Enterprise Value Multiple | (5.07) | (4.82) | |
| Price Fair Value | 1.99 | 2.09 | |
| Enterprise Value | 65 M | 61.8 M |
BIT Mining showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Beta 2.51 |
Basic technical analysis of BIT Stock
As of the 8th of January, BIT Mining shows the mean deviation of 4.67, and Risk Adjusted Performance of 0.0766. BIT Mining technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm BIT Mining variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if BIT Mining is priced favorably, providing market reflects its regular price of 2.54 per share. Please also double-check BIT Mining total risk alpha, which is currently at 0.502 to validate the company can sustain itself in the future.BIT Mining's Outstanding Corporate Bonds
BIT Mining issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. BIT Mining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most BIT bonds can be classified according to their maturity, which is the date when BIT Mining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| BHP 642 01 MAR 26 Corp BondUS055450AH34 | View | |
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| BGGRP 5125 15 OCT 41 Corp BondUS05541VAF31 | View | |
| BHP 49 28 FEB 33 Corp BondUS055451BA54 | View | |
| BHP 4875 27 FEB 26 Corp BondUS055451AY40 | View | |
| BHP 475 28 FEB 28 Corp BondUS055451AZ15 | View | |
| BHP BILLITON FIN Corp BondUS055451AR98 | View | |
| BHP BILLITON FIN Corp BondUS055451AV01 | View |
Understand BIT Mining's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing BIT Mining's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0766 | |||
| Market Risk Adjusted Performance | (0.97) | |||
| Mean Deviation | 4.67 | |||
| Semi Deviation | 4.79 | |||
| Downside Deviation | 5.0 | |||
| Coefficient Of Variation | 1184.72 | |||
| Standard Deviation | 6.02 | |||
| Variance | 36.21 | |||
| Information Ratio | 0.0828 | |||
| Jensen Alpha | 0.4976 | |||
| Total Risk Alpha | 0.502 | |||
| Sortino Ratio | 0.0997 | |||
| Treynor Ratio | (0.98) | |||
| Maximum Drawdown | 26.91 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 12.6 | |||
| Downside Variance | 24.97 | |||
| Semi Variance | 22.98 | |||
| Expected Short fall | (5.32) | |||
| Skewness | 0.6955 | |||
| Kurtosis | 0.3313 |
| Risk Adjusted Performance | 0.0766 | |||
| Market Risk Adjusted Performance | (0.97) | |||
| Mean Deviation | 4.67 | |||
| Semi Deviation | 4.79 | |||
| Downside Deviation | 5.0 | |||
| Coefficient Of Variation | 1184.72 | |||
| Standard Deviation | 6.02 | |||
| Variance | 36.21 | |||
| Information Ratio | 0.0828 | |||
| Jensen Alpha | 0.4976 | |||
| Total Risk Alpha | 0.502 | |||
| Sortino Ratio | 0.0997 | |||
| Treynor Ratio | (0.98) | |||
| Maximum Drawdown | 26.91 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 12.6 | |||
| Downside Variance | 24.97 | |||
| Semi Variance | 22.98 | |||
| Expected Short fall | (5.32) | |||
| Skewness | 0.6955 | |||
| Kurtosis | 0.3313 |
Consider BIT Mining's intraday indicators
BIT Mining intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of BIT Mining stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 7291.53 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 2.59 | |||
| Day Typical Price | 2.57 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.19) |
BIT Mining Corporate Filings
6K | 8th of January 2025 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 6th of November 2024 Other Reports | ViewVerify | |
| 30th of April 2024 Other Reports | ViewVerify |
BIT Stock media impact
Far too much social signal, news, headlines, and media speculation about BIT Mining that are available to investors today. That information is available publicly through BIT media outlets and privately through word of mouth or via BIT internal channels. However, regardless of the origin, that massive amount of BIT data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of BIT Mining news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of BIT Mining relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to BIT Mining's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive BIT Mining alpha.
BIT Mining Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards BIT Mining can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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 | Quarterly Revenue Growth (0.87) | Return On Assets | Return On Equity |
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.
In summary, please note that there is a difference between BIT Mining's value and its price, as these two are different measures arrived at by various 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.