Should I buy or sell BIT Mining stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIT Mining in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BTCM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BTCM, but not buy additional shares or sell existing shares. View BTCM analyst ratings or view top-rated stocks .

How have BTCM shares performed in 2023?

BIT Mining's stock was trading at $1.58 at the beginning of 2023. Since then, BTCM shares have increased by 134.2% and is now trading at $3.70. View the best growth stocks for 2023 here .

When is BIT Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024. View our BTCM earnings forecast .

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.

Who are BIT Mining's major shareholders?

BIT Mining's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

BIT Mining Stock Price, News & Analysis (NYSE:BTCM)

$3.70

-0.44 (-10.63%)

(As of 12/7/2023 ET)

Compare

Today's Range: $3.65
▼
$4.20
50-Day Range: $2.73
▼
$4.14
52-Week Range: $1.40
▼
$5.49

Volume: 211,358 shs
Average Volume: 277,080 shs
Market Capitalization: $41.12 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

BIT Mining MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
4.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.07) to $1.00 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.19 out of 5 stars

Business Services Sector

249th out of 267 stocks

Data Processing & Preparation Industry

39th out of 44 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for BIT Mining.

2.0

Short Interest

Percentage of Shares Shorted
4.30% 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 7.5.
Change versus previous month
Short interest in BIT Mining has recently increased by 1.49%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
BIT Mining does not currently pay a dividend.
Dividend Growth
BIT Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BTCM.

1.8

News and Social Media Coverage

News Sentiment
BIT Mining has a news sentiment score of 0.26. 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 is a lower news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for BIT Mining this week, compared to 1 article on an average week.

0.8

Company Ownership

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 3.63% of the stock of BIT Mining is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for BIT Mining are expected to grow in the coming year, from ($1.07) to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BIT Mining is -0.30, 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 -0.30, 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 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BIT Mining Stock (NYSE:BTCM)

BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. 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.

BTCM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BTCM Stock News Headlines

December 6, 2023 | markets.businessinsider.com

New research says bitcoin mining is sucking up more and more water, with use increasing 278% since 2020

December 6, 2023 | americanbankingnews.com

BIT Mining (NYSE:BTCM) Trading Down 0.5%

December 7, 2023 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.

November 30, 2023 | msn.com

One of China's biggest bitcoin mining companies now headquartered in Akron near Goodyear

November 29, 2023 | msn.com

Bitcoin mining requires heavy water consumption, reveals study

November 24, 2023 | yahoo.com

Bitcoin mining rate hits all-time high amid record-breaking prediction for 2024

November 18, 2023 | msn.com

What is Bitcoin mining and how does it work?

November 17, 2023 | msn.com

BIT Mining Non-GAAP EPS of -$0.32, revenue of $77.02M beats by $2.52M

December 7, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.

November 17, 2023 | finance.yahoo.com

BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023

November 17, 2023 | thestreet.com

How bitcoin mining became a major player in energy markets

November 16, 2023 | msn.com

BIT Mining Q3 2023 Earnings Preview

November 10, 2023 | finance.yahoo.com

BIT Mining Limited to Report Third Quarter 2023 Financial Results on November 17, 2023

November 3, 2023 | msn.com

Bitcoin Mining Stocks Skyrocket By 10% As It Nears 17-Month High

October 31, 2023 | benzinga.com

Unlocking Value in Bitcoin Mining - Analyst Selects RIOT And CLSK As Top Picks

October 30, 2023 | msn.com

Worst Kind of Mining for the Environment? It Might Be Bitcoin.

October 24, 2023 | msn.com

The hidden and destructive environmental impact of Bitcoin mining

October 23, 2023 | msn.com

Bitmain Eyes Launch Of Mining Machines For Privacy-Centric Blockchain

October 14, 2023 | msn.com

U.S. Government Monitors Chinese Bitcoin Mining Bases Amid National Security Concerns

September 15, 2023 | msn.com

Singapore’s SMI Vantage opts for S’wak to set up Bitcoin mining operations

August 30, 2023 | msn.com

What Are the Best Countries For Mining Bitcoin in 2023?

August 28, 2023 | msn.com

Bit Digital - This BTC Miner Is Leading The Charge For Sustainability In The Industry

August 25, 2023 | msn.com

These 3 Buy-Rated Bitcoin Mining Companies Are Poise To Run!

August 24, 2023 | finance.yahoo.com

Loss-Making BIT Mining Limited (NYSE:BTCM) Expected To Breakeven In The Medium-Term

August 22, 2023 | bizjournals.com

Bit Mining Ltd. may move its crypto mine out of Akron

August 18, 2023 | finance.yahoo.com

BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 2023

August 13, 2023 | markets.businessinsider.com

Bitmain KS3: Miner Orb Secures 2,500 Antminer KS3 Units Through Partnership with Bitmain

See More Headlines

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Company Calendar

Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/16/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: 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: 74
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($12.53)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-155,410,000.00
Net Margins: -46.87%
Pretax Margin: -44.80%
Return on Equity: -60.94%
Return on Assets: -35.36%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.17
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $304.97 million
Price / Sales: 0.13
Cash Flow: $1.75 per share
Price / Cash Flow: 2.11
Book Value: $4.99 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 11,113,000
Free Float: 8,926,000
Market Cap: $41.12 million
Optionable: Optionable
Beta: 2.69

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Key Executives

Mr. Man San Law (Age 55)
Executive Director
Mr. Bo Yu (Age 55)
COO, General Counsel & Chairman of the Board
Mr. Xianfeng Yang (Age 54)
Chief Executive Officer
Mr. Yuan Qiang (Age 49)
Chief Financial Officer
Danni Zheng
Vice President & Investment Director
Ellen Chiu
Senior IR Director

Key Competitors

View All Competitors

BTCM Stock Analysis - Frequently Asked Questions

Should I buy or sell BIT Mining stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIT Mining in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BTCM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BTCM, but not buy additional shares or sell existing shares.
View BTCM analyst ratings or view top-rated stocks.
How have BTCM shares performed in 2023?: BIT Mining's stock was trading at $1.58 at the beginning of 2023. Since then, BTCM shares have increased by 134.2% and is now trading at $3.70.
View the best growth stocks for 2023 here.
When is BIT Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our BTCM earnings forecast.
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.

Who are BIT Mining's major shareholders?: BIT Mining's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:BTCM) was last updated on 12/7/2023 by MarketBeat.com Staff

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