BitMine Immersion Technologies Inc [AMEX: BMNR] surged by $10.15 during the normal trading session on Friday and reaching a high of $54.43 during the day while it closed the day at $51.43.
BitMine Immersion Technologies Inc stock has also gained 62.34% of its value over the past 7 days. However, BMNR stock has inclined by 500.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 746.44% and gained 262.18% year-on date.
The market cap for BMNR stock reached $5.78 billion, with 112.31 million shares outstanding and 91.77 million shares in the current float. Compared to the average trading volume of 15.85M shares, BMNR reached a trading volume of 90600969 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about BitMine Immersion Technologies Inc [BMNR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMNR shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMNR stock is a recommendation set at 1.00. 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 36.69, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for BMNR in the course of the last twelve months was 3679.09 with Quick ratio for the last quarter at 0.41.
BMNR stock trade performance evaluation
BitMine Immersion Technologies Inc [BMNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 62.34. With this latest performance, BMNR shares gained by 11.78% in over the last four-week period, additionally plugging by 746.44% over the last 6 months – not to mention a rise of 559.36% 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 59.52, with the RSI for the last a single of trading hit 8.17, and the three-weeks RSI is set at 9.89 for BitMine Immersion Technologies Inc [BMNR]. The present Moving Average for the last 50 days of trading for this stock 31.57, while it was recorded at 39.12 for the last single week of trading, and 13.54 for the last 200 days.
BitMine Immersion Technologies Inc [BMNR]: An insightful look at the core 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%.
BitMine Immersion Technologies Inc (BMNR) Capital Structure & Debt Analysis
According to recent financial data for BitMine Immersion Technologies Inc. ( BMNR), the Return on Equity (ROE) stands at -95.27%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -43.43%, reflecting the company’s efficiency in generating profits from its assets. Additionally, BitMine Immersion Technologies Inc’s Return on Invested Capital (ROIC) is -226.86%, showcasing its effectiveness in deploying capital for earnings.
BitMine Immersion Technologies Inc (BMNR) Efficiency & Liquidity Metrics
Based on BitMine Immersion Technologies Inc’s (BMNR) latest financial statements, the Debt-to-Equity Ratio is 0.65%, indicating its reliance on debt financing relative to shareholder equity.
BitMine Immersion Technologies Inc (BMNR) Efficiency & Liquidity Metrics
From an operational efficiency perspective, BitMine Immersion Technologies Inc. (BMNR) effectively leverages its workforce, generating an average of -$932857.14 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.41% and a Quick Ratio of 0.41%, indicating strong ability to cover short-term liabilities.
BitMine Immersion Technologies Inc [BMNR]: Institutional Ownership
There are presently around $0.08%, or 0.08%% of BMNR stock, in the hands of institutional investors.
