Market Watch Highlights: BIT Mining Ltd ADR (BTCM) Ends on an Upturn Note at 2.86

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As of close of business last night, BIT Mining Ltd ADR’s stock clocked out at $2.86, up 1.78% from its previous closing price of $2.81. In other words, the price has increased by $1.78 from its previous closing price. On the day, 0.15 million shares were traded. BTCM stock price reached its highest trading level at $2.938 during the session, while it also had its lowest trading level at $2.7.

Ratios:

To gain a deeper understanding of BTCM’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.10.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTCM now has a Market Capitalization of 33014122 and an Enterprise Value of 3302492928. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 79.761 whereas that against EBITDA is -302.481.

Stock Price History:

Over the past 52 weeks, BTCM has reached a high of $6.95, while it has fallen to a 52-week low of $1.79. The 50-Day Moving Average of the stock is 9.34%, while the 200-Day Moving Average is calculated to be 4.74%.

Shares Statistics:

It appears that BTCM traded 174.69K shares on average per day over the past three months and 543350 shares per day over the past ten days. A total of 11.11M shares are outstanding, with a floating share count of 10.76M. Insiders hold about 3.15% of the company’s shares, while institutions hold 0.51% stake in the company. Shares short for BTCM as of 1731628800 were 346168 with a Short Ratio of 1.98, compared to 1728950400 on 154796. Therefore, it implies a Short% of Shares Outstanding of 346168 and a Short% of Float of 4.01.

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