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Investors have a limited window left to buy BIT Mining Limited (BTCM)

For the readers interested in the stock health of BIT Mining Limited (BTCM). It is currently valued at $3.54. When the transactions were called off in the previous session, Stock hit the highs of $4.24, after setting-off with the price of $4.09. Company’s stock value dipped to $3.51 during the trading on the day. When the trading was stopped its value was $4.00.Recently in News on January 17, 2023, BIT Mining Launches New Energy Efficient LiteCoin/DogeCoin Miner LD3. BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading technology-driven cryptocurrency mining company, today announced the launch of their state-of-the-art Litecoin (“LTC”) / Dogecoin (“DOGE”)  mining machine, model LD3 (“LD3”), which was specifically designed for mining on the DOGE and LTC blockchains. You can read further details here

BIT Mining Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.49 on 01/17/23, with the lowest value was $1.51 for the same time period, recorded on 01/03/23.

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BIT Mining Limited (BTCM) full year performance was -88.80%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, BIT Mining Limited shares are logging -89.83% during the 52-week period from high price, and 152.86% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.40 and $34.80.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 554944 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the BIT Mining Limited (BTCM) recorded performance in the market was 124.05%, having the revenues showcasing 53.91% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 31.75M, as it employees total of 153 workers.

BIT Mining Limited (BTCM) in the eye of market guru’s

During the last month, 0 analysts gave the BIT Mining Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.56, with a change in the price was noted -0.39. In a similar fashion, BIT Mining Limited posted a movement of -9.83% for the period of last 100 days, recording 420,621 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BTCM is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

BIT Mining Limited (BTCM): Stocks Technical analysis and Trends

Raw Stochastic average of BIT Mining Limited in the period of last 50 days is set at 52.32%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.32%. In the last 20 days, the company’s Stochastic %K was 60.55% and its Stochastic %D was recorded 63.43%.

If we look into the earlier routines of BIT Mining Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 124.05%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -49.24%, alongside a downfall of -88.80% for the period of the last 12 months. The shares increased approximately by -18.81% in the 7-day charts and went down by 80.98% in the period of the last 30 days. Common stock shares were driven by 53.91% during last recorded quarter.

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