BitMine Immersion Technologies Inc [AMEX: BMNR] stock went on an upward path that rose over 2.22% on Friday, amounting to a one-week price increase of more than 11.25%.
Over the last 12 months, BMNR stock rose by 685.77%. The one-year BitMine Immersion Technologies Inc stock forecast points to a potential downside of -2.15. The average equity rating for BMNR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.63 billion, with 173.50 million shares outstanding and 163.00 million shares in the current float. Compared to the average trading volume of 42.93M shares, BMNR stock reached a trading volume of 70348423 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 43.73, 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 6773.01 with Quick ratio for the last quarter at 0.41.
BMNR Stock Performance Analysis:
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 11.25. With this latest performance, BMNR shares gained by 17.73% in over the last four-week period, additionally plugging by 1035.00% over the last 6 months – not to mention a rise of 685.77% in the past year of trading.
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%.
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] Institutonal Ownership Details
There are presently around $5.40%, or 5.74%% of BMNR stock, in the hands of institutional investors.
