BIT Mining Ltd ADR [NYSE: BTCM] gained 10.10% or 0.4 points to close at $4.36 with a heavy trading volume of 21835171 shares.
It opened the trading session at $4.79, the shares rose to $5.37 and dropped to $4.2901, the range by which the price of stock traded the whole day. The daily chart for BTCM points out that the company has recorded 71.65% gains over the past six months.
If we look at the average trading volume of 2.81M shares, BTCM reached to a volume of 21835171 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 BIT Mining Ltd ADR [BTCM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTCM shares is $13.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTCM stock is a recommendation set at 5.00. 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 Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 0.71.
Trading performance analysis for BTCM stock
BIT Mining Ltd ADR [BTCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 78.69. With this latest performance, BTCM shares gained by 104.69% in over the last four-week period, additionally plugging by 71.65% over the last 6 months – not to mention a rise of 73.02% 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 BTCM stock in for the last two-week period is set at 63.94, with the RSI for the last a single of trading hit 1.03, and the three-weeks RSI is set at 0.59 for BIT Mining Ltd ADR [BTCM]. The present Moving Average for the last 50 days of trading for this stock 2.18, while it was recorded at 3.90 for the last single week of trading, and 2.35 for the last 200 days.
An analysis of Institutional ownership at BIT Mining Ltd ADR [BTCM]
There are presently around $3.20%, or 3.32% of BTCM stock, in the hands of institutional investors. The top three institutional holders of BTCM stocks are: SC CHINA HOLDING LTD with ownership of 0.35 million shares, which is approximately 3.1788%. CITADEL ADVISORS LLC, holding 48100.0 shares of the stock with an approximate value of $$0.13 million in BTCM stocks shares; and CITADEL ADVISORS LLC, currently with $$0.11 million in BTCM stock with ownership which is approximately 0.3737%.
