BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR – Free Report) – Investment analysts at B. Riley issued their FY2025 EPS estimates for shares of BitMine Immersion Technologies in a research note issued on Wednesday, October 15th. B. Riley analyst F. Shabalin expects that the company will earn ($0.50) per share for the year. B. Riley currently has a “Buy” rating and a $90.00 target price on the stock. B. Riley also issued estimates for BitMine Immersion Technologies’ Q4 2025 earnings at ($0.10) EPS and FY2026 earnings at $0.00 EPS.
Separately, ThinkEquity raised shares of BitMine Immersion Technologies to a “strong-buy” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $90.00.
BitMine Immersion Technologies Stock Performance
BitMine Immersion Technologies stock opened at $53.80 on Monday. The company has a 50 day moving average price of $52.38. BitMine Immersion Technologies has a 1-year low of $1.93 and a 1-year high of $161.00. The stock has a market cap of $15.04 billion and a PE ratio of -122.27.
Hedge Funds Weigh In On BitMine Immersion Technologies
Hedge funds have recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $30,000. HM Payson & Co. purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $35,000. Rise Advisors LLC purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $55,000. HBK Sorce Advisory LLC purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $176,000. Finally, CWM LLC purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $199,000.
About BitMine Immersion Technologies
BitMine Immersion Technologies Inc focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc is based in ATLANTA, GA.
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