BIT Mining (BTCM) Stock Price, News & Analysis

Company Overview

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. In addition, it engages in online gaming activities; and provision of technology services. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is based in Akron, Ohio.

Key Stats

• Today's Range: $2.99 to $3.53
• 50-Day Range: $2.16 to $3.90
• 52-Week Range: $1.79 to $6.95
• Volume: 207,783 shs
• Average Volume: 143,020 shs
• Market Capitalization: $33.78 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Hold

BIT Mining Stock Analysis - MarketRank™

BIT Mining scored higher than 18% of companies evaluated by MarketBeat, and ranked 301st out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for BIT Mining.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for BIT Mining are expected to decrease in the coming year, from $1.00 to ($1.00) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BIT Mining is -2.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BIT Mining is -2.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BIT Mining has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.17% of the float of BIT Mining has been sold short.

Short Interest Ratio / Days to Cover

BIT Mining has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BIT Mining has recently decreased by 63.72%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BIT Mining does not currently pay a dividend.

Dividend Growth

BIT Mining does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.17% of the float of BIT Mining has been sold short.

Short Interest Ratio / Days to Cover

BIT Mining has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BIT Mining has recently decreased by 63.72%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.49

News Sentiment

BIT Mining has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for BIT Mining this week, compared to 1 article on an average week.

Search Interest

2 people have searched for BTCM on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added BIT Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, BIT Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.68% of the stock of BIT Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.34% of the stock of BIT Mining is held by institutions.

BTCM Stock Analysis - Frequently Asked Questions

How have BTCM shares performed this year?

BIT Mining's stock was trading at $5.04 at the beginning of 2024. Since then, BTCM shares have decreased by 39.7% and is now trading at $3.04.
View the best growth stocks for 2024 here.

How were BIT Mining's earnings last quarter?

BIT Mining Limited (NYSE:BTCM) announced its earnings results on Friday, February, 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter. The company earned $10.41 million during the quarter, compared to analyst estimates of $77.30 million.

When did BIT Mining's stock split?

Shares of BIT Mining reverse split on Friday, December 23rd 2022. The 1-10 reverse split was announced on Friday, December 23rd 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, December 23rd 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of BIT Mining?

Shares of BTCM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BIT Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BIT Mining investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), CymaBay Therapeutics (CBAY) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 2/23/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:BTCM
• CUSIP: N/A
• CIK: 1517496
• Web: www.500.com
• Phone: (346) 204-8537
• Fax: 86-755-8379-6070
• Employees: 150
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 3.16
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.95
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $41.41 million
• Price / Sales: 0.85
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.26 per share
• Price / Book: 1.40

Miscellaneous

• Outstanding Shares: 11,113,000
• Free Float: 8,926,000
• Market Cap: $35.12 million
• Optionable: Optionable
• Beta: 2.54