BIT Mining Ltd ADR (NYSE:BTCM) has a beta value of 3.20 and has seen 6.66 million shares traded in the last trading session. The company, currently valued at $63.16M, closed the last trade at $3.96 per share which meant it lost -$2.29 on the day or -36.64% during that session. The BTCM stock price is -103.79% off its 52-week high price of $8.07 and 69.19% above the 52-week low of $1.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.79 million shares traded. The 3-month trading volume is 2.69 million shares.
The consensus among analysts is that BIT Mining Ltd ADR (BTCM) is Hold stock at the moment, with a recommendation rating of 5.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
BIT Mining Ltd ADR (NYSE:BTCM) trade information
Sporting -36.64% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BTCM stock price touched $3.96 or saw a rise of 50.93%. Year-to-date, BIT Mining Ltd ADR shares have moved 39.93%, while the 5-day performance has seen it change 72.17%. Over the past 30 days, the shares of BIT Mining Ltd ADR (NYSE:BTCM) have changed 84.19%. Short interest in the company has seen 65191.0 shares shorted with days to cover at 1.1.
BIT Mining Ltd ADR (BTCM) estimates and forecasts
The company’s shares have gained 45.05% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 12.08%.
1 analysts offering their estimates for the company have set an average revenue estimate of 9.1M for the current quarter. 1 have an estimated revenue figure of 9.4M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 51.94% over the past 5 years.
BTCM Dividends
BIT Mining Ltd ADR is expected to release its next earnings report on 2025-Feb-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
BIT Mining Ltd ADR (NYSE:BTCM)’s Major holders
Insiders own 3.44% of the company shares, while shares held by institutions stand at 3.20% with a share float percentage of 3.32%. Investors are also buoyed by the number of investors in a company, with BIT Mining Ltd ADR having a total of 18.0 institutions that hold shares in the company. The top two institutional holders are SC CHINA HOLDING LTD with over 0.35 million shares worth more than $0.98 million. As of 2024-06-30, SC CHINA HOLDING LTD held 3.1788% of shares outstanding.
The other major institutional holder is CITADEL ADVISORS LLC, with the holding of over 48100.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.13 million and represent 0.4363% of shares outstanding.
