BIT Mining Ltd ADR (NYSE: BTCM) is 39.93% higher on its value in year-to-date trading and has touched a low of $1.22 and a high of $8.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTCM stock was last observed hovering at around $6.25 in the last trading session, with the day’s loss setting it -2.29%.
Currently trading at $3.96, the stock is 63.57% and 86.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.66 million and changing -36.64% at the moment leaves the stock 68.94% off its SMA200. BTCM registered 57.14% gain for a year compared to 6-month loss of 45.05%. The firm has a 50-day simple moving average (SMA 50) of $2.1272 and a 200-day simple moving average (SMA200) of $2.3441.
The stock witnessed a 84.19% gain in the last 1 month and extending the period to 3 months gives it a 167.57%, and is 72.17% 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 30.47% over the week and 12.50% over the month.
Distance from 52-week low is 224.59% and -50.93% from its 52-week high.
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BIT Mining Ltd ADR (BTCM) Top Institutional Holders
18.0 institutions hold shares in BIT Mining Ltd ADR (BTCM), with institutional investors hold 3.32% of the company’s shares. The shares outstanding are 15.95M, and float is at 15.47M with Short Float at 0.51%. Institutions hold 3.20% of the Float.
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.
