BitMine Immersion Technologies Inc [AMEX: BMNR] price surged by 0.98 percent to reach at $0.4.
A sum of 28388804 shares traded at recent session while its average daily volume was at 5.63M shares. BitMine Immersion Technologies Inc shares reached a high of $59.0 and dropped to a low of $40.27 until finishing in the latest session at $41.02.
Guru’s Opinion on BitMine Immersion Technologies Inc [BMNR]:
The Price to Book ratio for the last quarter was 29.27, with the Price to Cash per share for the same quarter was set at 0.24. Price to Free Cash Flow for BMNR in the course of the last twelve months was 161.02 with Quick ratio for the last quarter at 0.41.
BMNR Stock Performance Analysis:
BitMine Immersion Technologies Inc [BMNR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -61.83. With this latest performance, BMNR shares gained by 551.10% in over the last four-week period, additionally plugging by 279.81% over the last 6 months – not to mention a rise of 425.90% 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 BMNR stock in for the last two-week period is set at 50.88, with the RSI for the last a single of trading hit 25.56, and the three-weeks RSI is set at 16.32 for BitMine Immersion Technologies Inc [BMNR]. The present Moving Average for the last 50 days of trading for this stock 19.82, while it was recorded at 61.17 for the last single week of trading, and 10.90 for the last 200 days.
Insight into BitMine Immersion Technologies Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and BitMine Immersion Technologies Inc [BMNR] shares currently have an operating margin of -51.81% and a Gross Margin at 4.57%. BitMine Immersion Technologies Inc’s Net Margin is presently recorded at -119.74%.
Return on Equity for this stock declined to -43.43%, with Return on Assets sitting at -43.43%.
