Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. BIT Mining Ltd ADR’s current trading price is -50.36% away from its 52-week high, while its distance from the 52-week low is 92.74%. The stock’s price range over this period has fluctuated between $1.79 and $6.95. The company, operating within the financial sector, had a trading volume of approximately 0.79 million for the day, which was noticeably higher than the average daily share volume of 0.13 million over the last 3 months.
In terms of market performance, BIT Mining Ltd ADR had a fairly even. The highest value for the stock in the past year was $6.95 on 12/22/23, and the lowest value was recorded at $1.79 on 04/15/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
BIT Mining Ltd ADR (BTCM) has experienced a quarterly decline of -6.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 38.33M.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.74, with a change in price of +0.40. Similarly, BIT Mining Ltd ADR recorded 211,650 in trading volume during the last 100 days, posting a change of +13.11%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for BTCM stands at 0.10. Similarly, the long-term debt-to-equity ratio is also 0.06.
BTCM Stock Stochastic Average
Today’s raw stochastic average for BIT Mining Ltd ADR over the last 50 days is 53.67%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 80.58%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 56.70% and 39.13%, respectively.
BTCM Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -31.55%. However, over the past six months, we’ve seen a weaker performance of 22.34%. The price of BTCM fallen by 21.91% over the last 30 days. And in the last five days, it has surged by 62.74%.
