500.com Limited [WBAI] is 176.56% higher this YTD. Is it still time to buy?

500.com Limited [NYSE: WBAI] stock went on an upward path that rose over 16.04% on Monday, amounting to a one-week price increase of more than 2.39%. The company report on February 26, 2021 that 500.com Limited Announces Agreement with BitDeer Subsidiary to Purchase Mining Machines with Total Computing Power of 113P, as well as Agreement to Purchase Ethereum Mining Machines with Total Computing Power of 4800G.

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500.com Limited (NYSE: WBAI) (“500.com” or the “Company”), a China-based enterprise committed to developing cryptocurrency mining businesses, announced that it has entered into a definitive agreement with a subsidiary of BitDeer (the “Seller”) to purchase 1,923 S17 Bitcoin mining machines for a total consideration of RMB31.3 million (approximately US$4.9 million). These mining machines are deployed and in operation in Xinjiang, with an aggregate computing power of 113 PH/s. The Company has paid the total consideration in full, and the Seller has transferred ownership of all the mining machines. As of, the Company has officially begun generating revenue from cryptocurrency mining operations.

On January 11, 2021, the Company announced its purchase of mining machines with an aggregate computing power of 918 PH/s. These mining machines are expected to be deployed by the end of March 2021.

Over the last 12 months, WBAI stock rose by 338.98%.

The market cap for the stock reached $1.05 billion, with 43.00 million shares outstanding and 23.89 million shares in the current float. Compared to the average trading volume of 1.74M shares, WBAI stock reached a trading volume of 1110069 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 500.com Limited [WBAI]:

Oppenheimer have made an estimate for 500.com Limited shares, keeping their opinion on the stock as Perform, with their previous recommendation back on February 04, 2014.

The Average True Range (ATR) for 500.com Limited is set at 3.63, with the Price to Sales ratio for WBAI stock in the period of the last 12 months amounting to 308.05. The Price to Book ratio for the last quarter was 17.17, with the Price to Cash per share for the same quarter was set at 1.14.

WBAI Stock Performance Analysis:

500.com Limited [WBAI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.39. With this latest performance, WBAI shares gained by 64.83% in over the last four-week period, additionally plugging by 583.79% over the last 6 months – not to mention a rise of 338.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBAI stock in for the last two-week period is set at 63.01, with the RSI for the last a single of trading hit 62.49, and the three-weeks RSI is set at 63.75 for 500.com Limited [WBAI]. The present Moving Average for the last 50 days of trading for this stock 13.74, while it was recorded at 21.81 for the last single week of trading, and 5.92 for the last 200 days.

Insight into 500.com Limited Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and 500.com Limited [WBAI] shares currently have an operating margin of -891.35 and a Gross Margin at +23.11. 500.com Limited’s Net Margin is presently recorded at -1023.27.

Return on Total Capital for WBAI is now -37.08, given the latest momentum, and Return on Invested Capital for the company is -42.81. Return on Equity for this stock declined to -44.41, with Return on Assets sitting at -37.64. When it comes to the capital structure of this company, 500.com Limited [WBAI] has a Total Debt to Total Equity ratio set at 2.36. Additionally, WBAI Total Debt to Total Capital is recorded at 2.30, with Total Debt to Total Assets ending up at 2.02. Long-Term Debt to Equity for the company is recorded at 1.44, with the Long-Term Debt to Total Capital now at 1.41.

Receivables Turnover for the company is 0.88 with a Total Asset Turnover recorded at a value of 0.04.500.com Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.60 and a Current Ratio set at 4.60.

WBAI Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WBAI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for 500.com Limited go to 15.75%.

500.com Limited [WBAI] Insider Position Details

There are presently around $98 million, or 9.20% of WBAI stock, in the hands of institutional investors. The top three institutional holders of WBAI stocks are: SC CHINA HOLDING LTD with ownership of 3,504,273, which is approximately 0% of the company’s market cap and around 21.56% of the total institutional ownership; MORGAN STANLEY, holding 270,441 shares of the stock with an approximate value of $6.73 million in WBAI stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $0.99 million in WBAI stock with ownership of nearly 0.878% of the company’s market capitalization.

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Positions in 500.com Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 11 institutional holders increased their position in 500.com Limited [NYSE:WBAI] by around 89,809 shares. Additionally, 6 investors decreased positions by around 31,603 shares, while 1 investors held positions by with 3,811,135 shares. The mentioned changes placed institutional holdings at 3,932,547 shares, according to the latest SEC report filing. WBAI stock had 6 new institutional investments in for a total of 76,590 shares, while 5 institutional investors sold positions of 28,903 shares during the same period.

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