BitMine Immersion Technologies Inc [AMEX: BMNR] price plunged by -4.37 percent to reach at -$2.64.
A sum of 59458660 shares traded at recent session while its average daily volume was at 24.66M shares. BitMine Immersion Technologies Inc shares reached a high of $61.0 and dropped to a low of $54.12 until finishing in the latest session at $57.81.
The one-year BMNR stock forecast points to a potential upside of 3.65. The average equity rating for BMNR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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 41.25, 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 6388.45 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 12.41. With this latest performance, BMNR shares gained by 37.97% in over the last four-week period, additionally plugging by 832.42% over the last 6 months – not to mention a rise of 641.15% 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 60.70, with the RSI for the last a single of trading hit 9.18, and the three-weeks RSI is set at 10.09 for BitMine Immersion Technologies Inc [BMNR]. The present Moving Average for the last 50 days of trading for this stock 36.16, while it was recorded at 60.26 for the last single week of trading, and 14.77 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%.
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 $3.69%, or 3.92%% of BMNR stock, in the hands of institutional investors.
