With 2.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 61710.0 shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $4.27 whereas the lowest price it dropped to was $2.975. The 52-week range on BTCM shows that it touched its highest point at $6.95 and its lowest point at $1.79 during that stretch. It currently has a 1-year price target of $13.80. Beta for the stock currently stands at 2.56.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTCM was up-trending over the past week, with a rise of 17.65%, but this was up by 39.74% over a month. Three-month performance surged to 40.35% while six-month performance rose 23.08%. The stock gained 15.52% in the past year, while it has lost -36.51% so far this year. EPS is expected to grow by 15.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.01%.
Float and Shares Shorts:
At present, 11.11 million BTCM shares are outstanding with a float of 10.76 million shares on hand for trading. On 2024-10-15, short shares totaled 0.15 million, which was 134.000005 higher than short shares on 1726185600. In addition to Mr. Man San Law as the firm’s Executive Director, Mr. Bo Yu serves as its COO, General Counsel & Chairman of the Board.
Institutional Ownership:
Through their ownership of 0.033 of BTCM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BTCM reported revenue of -$180853000.0 and operating income of -$15549000.0. The EBITDA in the recently reported quarter was -$16558000.0 and diluted EPS was -$0.379579.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTCM since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
Analysts have provided yearly estimates in a range of $0.07142033 being high and $0.07142033 being low. For BTCM, this leads to a yearly average estimate of $0.07142033. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
