The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 127.03%.However, over the last six months, we can see a weaker performance of 418.83%. Over the last 30 days, the price of BMNR has leaped by -76.94%. And in the last five days, it has fallen by -11.34%.
At present, BitMine Immersion Technologies Inc (BMNR) has a stock price of $31.13. In the previous session, the stock saw a rise, peaking at $60.0 after an opening price of $31.13. The day’s lowest price was $60.0, and it closed at $31.68.
BitMine Immersion Technologies Inc experienced a rather steady stock market performance.
52-week price history of BMNR Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. BitMine Immersion Technologies Inc’s current trading price is -80.66% away from its 52-week high, while its distance from the 52-week low is 1515.46%. The stock’s price range during this period has varied between$1.93 and $161.00. The BitMine Immersion Technologies Inc’s shares, which operate in the Financial, saw a trading volume of around 35.51 million for the day, a figure considerably higher than their average daily volume of 13.03 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
BitMine Immersion Technologies Inc (BMNR) has experienced a quarterly rise of 357.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.50B and boasts a workforce of 7 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.25, with a change in price of +23.83. Similarly, BitMine Immersion Technologies Inc recorded 8,440,978 in trading volume during the last 100 days, posting a change of +326.56%.
BMNR’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BMNR stands at 0.65. Similarly, the long-term debt-to-equity ratio is also 0.00.
BMNR Stock Stochastic Average
BitMine Immersion Technologies Inc’s raw stochastic average for the past 50 days is presently 17.32%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 0.80%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 1.74% and 2.18%, respectively.
