Bit Mining Stock Analysis

BIT Stock Analysis Notes

The company has price-to-book (P/B) ratio of 0.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. BIT Mining recorded a loss per share of 1.96. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 23rd of December 2022. 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. It employs 153 people. For more info on BIT Mining please contact Xianfeng Yang at 346 204 8537 or go to https://www.btcm.group.

BIT Mining Investment Alerts

BIT Mining Upcoming and Recent Events

BIT Largest EPS Surprises

View All Earnings Estimates

BIT Mining Environmental, Social, and Governance (ESG) Scores

BIT Stock Institutional Investors

Note, although BIT Mining's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

BIT Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 44.18 M.

BIT Profitablity

The company has Profit Margin (PM) of (0.09) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.13) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.13.

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 22nd 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 22nd 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.

Technical Drivers

As of the 22nd of January, BIT Mining shows the risk adjusted performance of 0.0693, and Mean Deviation of 4.85. 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 2.8 per share. Please also double-check BIT Mining total risk alpha, which is currently at 0.2394 to validate the company can sustain itself in the future.

BIT Mining Price Movement Analysis

BIT Mining Outstanding Bonds

BIT Mining Predictive Daily Indicators

BIT Mining Corporate Filings

BIT Mining Forecast Models

BIT Mining's time-series forecasting models are one of many BIT Mining's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary BIT Mining's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how BIT Mining prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling BIT shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as BIT Mining. By using and applying BIT Stock analysis, traders can create a robust methodology for identifying BIT entry and exit points for their positions.

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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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.

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.