Market Insights: BitMine Immersion Technologies Inc (BMNR)’s Notable Gain of 27.17, Closing at 58.5

For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.

As of close of business last night, BitMine Immersion Technologies Inc’s stock clocked out at $58.5, up 27.17% from its previous closing price of $46.0. In other words, the price has increased by $27.17 from its previous closing price. On the day, 24.63 million shares were traded. BMNR stock price reached its highest trading level at $63.58 during the session, while it also had its lowest trading level at $41.5.

Ratios:

To gain a deeper understanding of BMNR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 0.25. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BMNR now has a Market Capitalization of 354703040 and an Enterprise Value of 69314136. For the stock, the TTM Price-to-Sale (P/S) ratio is 77.83 while its Price-to-Book (P/B) ratio in mrq is 40.67. Its current Enterprise Value per Revenue stands at 14.985 whereas that against EBITDA is -50.984.

Stock Price History:

The Beta on a monthly basis for BMNR is 1.33, which has changed by 6.548387 over the last 52 weeks, in comparison to a change of 0.1185931 over the same period for the S&P500. Over the past 52 weeks, BMNR has reached a high of $74.80, while it has fallen to a 52-week low of $1.93. The 50-Day Moving Average of the stock is 489.64%, while the 200-Day Moving Average is calculated to be 583.00%.

Shares Statistics:

It appears that BMNR traded 2.93M shares on average per day over the past three months and 18228170 shares per day over the past ten days. A total of 1.98M shares are outstanding, with a floating share count of 1.93M. Insiders hold about 68.75% of the company’s shares, while institutions hold 3.41% stake in the company. Therefore, it implies a Short% of Shares Outstanding of 5708 and a Short% of Float of 0.11999999.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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