For Risk-Tolerant Investors, BIT Mining Ltd ADR (NYSE: BTCM) Stands Out As A Strong Investment Choice

During the recent session, BIT Mining Ltd ADR (NYSE:BTCM)’s traded shares were 115.47 million, with the beta value of the company hitting 3.19. At the last check today, the stock’s price was $5.28, reflecting an intraday gain of 114.63% or $2.82. The 52-week high for the BTCM share is $4.27, that puts it up 19.13 from that peak though still a striking 76.89% gain since the share price plummeted to a 52-week low of $1.22. The company’s market capitalization is $84.22M, and the average intraday trading volume over the past 10 days was 81460.0 shares, and the average trade volume was 67.43K shares over the past three months.

BIT Mining Ltd ADR (BTCM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 5.00. BTCM has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it.

BIT Mining Ltd ADR (NYSE:BTCM) trade information

BIT Mining Ltd ADR (BTCM) registered a 114.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 114.63% in intraday trading to $5.28, hitting a weekly high. The stock’s 5-day price performance is 135.71%, and it has moved by 131.58% in 30 days. Based on these gigs, the overall price performance for the year is 109.52%. The short interest in BIT Mining Ltd ADR (NYSE:BTCM) is 65191.0 shares and it means that shorts have 1.1 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 51.94%.

BTCM Dividends

BIT Mining Ltd ADR is due to release its next quarterly earnings on 2025-Feb-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

BIT Mining Ltd ADR (NYSE:BTCM)’s Major holders

BIT Mining Ltd ADR insiders own 3.44% of total outstanding shares while institutional holders control 3.20%, with the float percentage being 3.32%. SC CHINA HOLDING LTD is the largest shareholder of the company, while 18.0 institutions own stock in it. As of 2024-06-30, the company held over 0.35 million shares (or 3.1788% of all shares), a total value of $0.98 million in shares.

The next largest institutional holding, with 48100.0 shares, is of CITADEL ADVISORS LLC’s that is approximately 0.4363% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.13 million.

Data provided on Jun 30, 2024 indicates that SPDR Portfolio Emerging Markets ETF owns about 111.0 shares. This amounts to just over 0.00 percent of the company’s overall shares, with a $597.0 market value.

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