Bitmine Immersion Technologies Stock Performance
| BMNR Stock | USD 0.37 0.02 5.71% |
Bitmine Immersion holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.8, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bitmine Immersion are expected to decrease by larger amounts. On the other hand, during market turmoil, Bitmine Immersion is expected to outperform it. Use Bitmine Immersion value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Bitmine Immersion.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Bitmine Immersion Technologies are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Bitmine Immersion reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Total Cashflows From Investing Activities | -6.1 M | |
| Free Cash Flow | -7.7 M |
Bitmine |
Bitmine Immersion Relative Risk vs. Return Landscape
If you would invest 58.00 in Bitmine Immersion Technologies on September 4, 2024 and sell it today you would lose (21.00) from holding Bitmine Immersion Technologies or give up 36.21% of portfolio value over 90 days. Bitmine Immersion Technologies is currently generating 1.5414% in daily expected returns and assumes 19.6503% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Bitmine, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Bitmine Immersion Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitmine Immersion's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Bitmine Immersion Technologies, and traders can use it to determine the average amount a Bitmine Immersion's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0784
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Estimated Market Risk
| 19.65 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.54 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Bitmine Immersion is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bitmine Immersion by adding it to a well-diversified portfolio.
Bitmine Immersion Fundamentals Growth
Bitmine Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Bitmine Immersion, and Bitmine Immersion fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bitmine Pink Sheet performance.
| Return On Equity | -0.49 | |||
| Return On Asset | -0.17 | |||
| Operating Margin | (2.68) % | |||
| Revenue | 427.67 K | |||
| EBITDA | (1.71 M) | |||
| Cash And Equivalents | 499.91 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 1.89 M | |||
| Debt To Equity | 1.66 % | |||
| Book Value Per Share | 0.14 X | |||
| Cash Flow From Operations | (1.63 M) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 7.97 M | |||
About Bitmine Immersion Performance
Assessing Bitmine Immersion's fundamental ratios provides investors with valuable insights into Bitmine Immersion's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Bitmine Immersion is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company in the United States. Bitmine Immersion Technologies, Inc. was founded in 1995 and is based in Atlanta, Georgia. Bitmine Immersion operates under Electronic Components classification in the United States and is traded on OTC Exchange. It employs 2 people.Things to note about Bitmine Immersion performance evaluation
Checking the ongoing alerts about Bitmine Immersion for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Bitmine Immersion help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bitmine Immersion is way too risky over 90 days horizon | |
| Bitmine Immersion has some characteristics of a very speculative penny stock | |
| Bitmine Immersion appears to be risky and price may revert if volatility continues | |
| Bitmine Immersion has high likelihood to experience some financial distress in the next 2 years | |
| Bitmine Immersion Technologies currently holds 1.89 M in liabilities with Debt to Equity (D/E) ratio of 1.66, which is about average as compared to similar companies. Bitmine Immersion has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitmine Immersion until it has trouble settling it off, either with new capital or with free cash flow. So, Bitmine Immersion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitmine Immersion sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitmine to invest in growth at high rates of return. When we think about Bitmine Immersion's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 427.67 K. Net Loss for the year was (2.01 M) with loss before overhead, payroll, taxes, and interest of (129.03 K). | |
| Bitmine Immersion Technologies currently holds about 499.91 K in cash with (1.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 75.0% of Bitmine Immersion shares are held by company insiders |
- Analyzing Bitmine Immersion's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bitmine Immersion's stock is overvalued or undervalued compared to its peers.
- Examining Bitmine Immersion's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bitmine Immersion's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bitmine Immersion's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bitmine Immersion's pink sheet. These opinions can provide insight into Bitmine Immersion's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Bitmine Pink Sheet Analysis
When running Bitmine Immersion's price analysis, check to measure Bitmine Immersion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitmine Immersion is operating at the current time. Most of Bitmine Immersion's value examination focuses on studying past and present price action to predict the probability of Bitmine Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitmine Immersion's price. Additionally, you may evaluate how the addition of Bitmine Immersion to your portfolios can decrease your overall portfolio volatility.