BIT Mining Ltd ADR (NYSE: BTCM) is -38.29% lower on its value in year-to-date trading and has touched a low of $1.79 and a high of $6.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTCM stock was last observed hovering at around $3.20 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $3.11, the stock is 10.58% and 26.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -2.81% at the moment leaves the stock 11.93% off its SMA200. BTCM registered 7.24% gain for a year compared to 6-month loss of 16.92%. The firm has a 50-day simple moving average (SMA 50) of $2.4474 and a 200-day simple moving average (SMA200) of $2.784.
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The stock witnessed a 29.58% gain in the last 1 month and extending the period to 3 months gives it a 43.98%, and is 2.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 21.80% over the week and 12.60% over the month.
BIT Mining Ltd ADR (BTCM) has around 75 employees, a market worth around $34.55M and $234.36M in sales. Profit margin for the company is -6.16%. Distance from 52-week low is 73.74% and -55.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.14%).
The shares outstanding are 11.11M, and float is at 10.76M with Short Float at 1.30%.
The top institutional shareholder in the company is SC CHINA HOLDING LTD with over 0.35 million shares valued at $0.98 million. The investor’s holdings represent 3.1788 of the BTCM Shares outstanding. As of 2024-06-30, the second largest holder is CITADEL ADVISORS LLC with 48100.0 shares valued at $0.13 million to account for 0.4363 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 41200.0 shares representing 0.3737 and valued at over $0.11 million, while XTX TOPCO LTD holds 0.2022 of the shares totaling 22288.0 with a market value of $58840.0.
