BIT Mining (NYSE:BTCM) Given “Neutral” Rating at HC Wainwright

HC Wainwright reiterated their neutral rating on shares of BIT Mining (NYSE:BTCM) in a research note issued to investors on Friday,Benzinga reports.

BIT Mining Stock Performance

BIT Mining stock opened at $1.37 on Friday. BIT Mining has a fifty-two week low of $1.23 and a fifty-two week high of $4.27. The firm’s fifty day moving average price is $1.94 and its 200-day moving average price is $2.48. The stock has a market cap of $20.71 million, a P/E ratio of -1.05 and a beta of 2.76.

BIT Mining (NYSE:BTCM) last issued its quarterly earnings results on Friday, February 28th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $8.79 million during the quarter, compared to analysts’ expectations of $16.40 million. On average, analysts predict that BIT Mining will post 1 earnings per share for the current year.

Institutional Investors Weigh In On BIT Mining

An institutional investor recently bought a new position in BIT Mining stock. SBI Securities Co. Ltd. purchased a new stake in shares of BIT Mining Limited (NYSE:BTCM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,964 shares of the company’s stock, valued at approximately $58,000. SBI Securities Co. Ltd. owned 0.15% of BIT Mining as of its most recent SEC filing. 5.34% of the stock is currently owned by institutional investors.

BIT Mining Company Profile

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.