BIT Mining Limited (NYSE:BTCM)’s traded shares stood at 1.7 million during the last session, with the company’s beta value hitting 1.87. At the close of trading, the stock’s price was $9.57, to imply an increase of 0.21% or $0.02 in intraday trading. The BTCM share’s 52-week high remains $35.00, putting it -265.73% down since that peak but still an impressive 73.35% since price per share fell to its 52-week low of $2.55. The company has a valuation of $559.84M, with an average of 1.71 million shares in intraday trading volume over the past 10 days and average of 3.32 million shares over the past 3 months.
BIT Mining Limited (NYSE:BTCM) trade information
After registering a 0.21% upside in the last session, BIT Mining Limited (BTCM) has traded red over the past five days. The stock hit a weekly high of 9.90 this Thursday, 10/07/21, jumping 0.21% in its intraday price action. The 5-day price performance for the stock is 17.14%, and -9.55% over 30 days. With these gigs, the year-to-date price performance is 6.33%. Short interest in BIT Mining Limited (NYSE:BTCM) saw shorts transact 1.98 million shares and set a 3.09 days time to cover.
Analysts on Wall Street suggest a consensus price target of $87.89, implying an increase of 89.11% to the stock’s current value. The extremes give us $87.89 and $87.89 for target low and target high price respectively. As such, BTCM has been trading -818.39% off suggested target high and -818.39% from its likely low.
BIT Mining Limited (BTCM) estimates and forecasts
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 9.20% for the past 5-year period. While 2021 is set for a 65.80% return in earnings, projections for the next 5 years are at 15.75% annually.
BIT Mining Limited has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. BIT Mining Limited has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
BIT Mining Limited (NYSE:BTCM)’s Major holders
BIT Mining Limited insiders hold 5.30% of total outstanding shares, with institutional holders owning 7.83% of the shares at 8.27% float percentage. In total, 7.83% institutions holds shares in the company, led by SC China Holding Ltd. As of Mar 30, 2021, the company held over 3.5 million shares (or 6.26% of shares), all amounting to roughly $74.89 million.
The next major institution holding the largest number of shares is Morgan Stanley with 0.22 million shares, or about 0.39% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $4.7 million.
We also have Invesco ETF Tr-Invesco Golden Dragon China ETF and Goldman Sachs ETF Tr-Goldman Sachs Innovative Equity ETF as the top two Mutual Funds with the largest holdings of the BIT Mining Limited (BTCM) shares. Going by data provided on May 30, 2021, Invesco ETF Tr-Invesco Golden Dragon China ETF holds roughly 31211.0 shares. This is just over 0.06% of the total shares, with a market valuation of $0.25 million. Data from the same date shows that the other fund manager holds a little less at 21533.0, or 0.04% of the shares, all valued at about 0.17 million.