Market cap of BitNile Holdings Inc. [NILE] reaches 66.88M – now what?

BitNile Holdings Inc. [AMEX: NILE] gained 9.66% or 0.01 points to close at $0.18 with a heavy trading volume of 10857131 shares. The company report on October 17, 2022 that BitNile Holdings Reschedules Investor Webcast and Conference Call Regarding Planned Spin-Offs Creating Four Public Companies.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), today announced that, due to logistical issues, it has rescheduled its Investor Webcast and Conference Call Regarding Planned Spin-Offs Creating Four Public Companies previously scheduled for today, Monday, October 17, 2022. The Company announced the new time for the conference call is Wednesday, October 19, 2022 at 2:00 PM Pacific Time.

It opened the trading session at $0.17, the shares rose to $0.20 and dropped to $0.17, the range by which the price of stock traded the whole day. The daily chart for NILE points out that the company has recorded -74.30% loss over the past six months. However, it is still -12.5% lower than its most recent low trading price.

If we look at the average trading volume of 7.62M shares, NILE reached to a volume of 10857131 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BitNile Holdings Inc. [NILE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NILE shares is $3.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NILE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for BitNile Holdings Inc. is set at 0.02, with the Price to Sales ratio for NILE stock in the period of the last 12 months amounting to 2.46. The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 0.13.

Trading performance analysis for NILE stock

BitNile Holdings Inc. [NILE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.71. With this latest performance, NILE shares dropped by -26.94% in over the last four-week period, additionally sinking by -74.30% over the last 6 months – not to mention a drop of -92.30% 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 NILE stock in for the last two-week period is set at 38.51, with the RSI for the last a single of trading hit 42.39, and the three-weeks RSI is set at 38.02 for BitNile Holdings Inc. [NILE]. The present Moving Average for the last 50 days of trading for this stock 0.2563, while it was recorded at 0.1775 for the last single week of trading, and 0.5109 for the last 200 days.

BitNile Holdings Inc. [NILE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and BitNile Holdings Inc. [NILE] shares currently have an operating margin of -34.27 and a Gross Margin at +54.47. BitNile Holdings Inc.’s Net Margin is presently recorded at -46.15.

Return on Equity for this stock declined to -17.58, with Return on Assets sitting at -8.55.

BitNile Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.90.

An analysis of insider ownership at BitNile Holdings Inc. [NILE]

There are presently around $5 million, or 7.60% of NILE stock, in the hands of institutional investors. The top three institutional holders of NILE stocks are: VANGUARD GROUP INC with ownership of 15,295,433, which is approximately 300.498% of the company’s market cap and around 0.40% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 1,919,272 shares of the stock with an approximate value of $0.35 million in NILE stocks shares; and BLACKROCK INC., currently with $0.31 million in NILE stock with ownership of nearly 29.141% of the company’s market capitalization.

Positions in BitNile Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 17 institutional holders increased their position in BitNile Holdings Inc. [AMEX:NILE] by around 14,347,804 shares. Additionally, 26 investors decreased positions by around 3,407,544 shares, while 14 investors held positions by with 7,656,536 shares. The mentioned changes placed institutional holdings at 25,411,884 shares, according to the latest SEC report filing. NILE stock had 5 new institutional investments in for a total of 116,519 shares, while 8 institutional investors sold positions of 918,086 shares during the same period.


Please enter your comment!
Please enter your name here