BitMine Immersion Technologies Inc [AMEX: BMNR] gained 12.07% on the last trading session, reaching $53.49 price per share at the time.
BitMine Immersion Technologies Inc represents 173.50 million in outstanding shares, while the company has a total market value of $9.28 billion with the latest information. BMNR stock price has been found in the range of $47.02 to $55.74.
If compared to the average trading volume of 28.68M shares, BMNR reached a trading volume of 82153903 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 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 38.16, 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 5911.16 with Quick ratio for the last quarter at 0.41.
Trading performance analysis for BMNR stock
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 -7.47. With this latest performance, BMNR shares gained by 28.12% in over the last four-week period, additionally plugging by 664.14% over the last 6 months – not to mention a rise of 585.77% 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 55.54, with the RSI for the last a single of trading hit 7.89, and the three-weeks RSI is set at 9.22 for BitMine Immersion Technologies Inc [BMNR]. The present Moving Average for the last 50 days of trading for this stock 40.61, while it was recorded at 51.59 for the last single week of trading, and 15.79 for the last 200 days.
BitMine Immersion Technologies Inc [BMNR]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at BitMine Immersion Technologies Inc [BMNR]
There are presently around $3.99%, or 4.24%% of BMNR stock, in the hands of institutional investors.
