Should You Invest In BIT Mining Ltd ADR (NYSE: BTCM) In 2024?

In the last trading session, 2.64 million BIT Mining Ltd ADR (NYSE:BTCM) shares changed hands as the company’s beta touched 2.56. With the company’s per share price at $3.20 changed hands at -$0.06 or -1.84% during last session, the market valuation stood at $35.55M. BTCM’s last price was a discount, traded about -117.19% off its 52-week high of $6.95. The share price had its 52-week low at $1.79, which suggests the last value was 44.06% up since then. When we look at BIT Mining Ltd ADR’s average trading volume, we note the 10-day average is 0.12 million shares, with the 3-month average coming to 61.71K.

Analysts gave the BIT Mining Ltd ADR (BTCM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 5.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BTCM as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. BIT Mining Ltd ADR’s EPS for the current quarter is expected to be 0.

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BIT Mining Ltd ADR (NYSE:BTCM) trade information

Instantly BTCM was in red as seen at the end of in last trading. With action 17.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.51%, with the 5-day performance at 17.65% in the green. However, in the 30-day time frame, BIT Mining Ltd ADR (NYSE:BTCM) is 39.74% up. Looking at the short shares, we see there were 0.15 million shares sold at short interest cover period of 4.18 days.

BIT Mining Ltd ADR (BTCM) estimates and forecasts

Year-over-year growth is forecast to reach 31.60% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 12.4M. 1 analysts are of the opinion that BIT Mining Ltd ADR’s revenue for the current quarter will be 11.9M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.01%.

BTCM Dividends

BIT Mining Ltd ADR is expected to release its next quarterly earnings report in December.

CITADEL ADVISORS LLC holds the second largest percentage of outstanding shares, with 0.4363% or 48100.0 shares worth $0.13 million as of 2024-06-30.