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Home โบ Stocks โบ Bit Mining Limited (BTCM) Stock Forecast & Price Prediction United States | NYSE | Technology | Information Technology Services
$1.97
+0.06 (3.14%)10 Quality Stocks Worth Considering Now
Researching BIT Mining (BTCM) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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BTCM has shown a year-to-date change of -21.8% and a 1-year change of -31.1%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for BTCM. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for BTCM.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Apr 11, 2025 | HC Wainwright & Co. | Kevin Dede | Neutral | Reiterates | $0.00 |
Mar 5, 2025 | HC Wainwright & Co. | Kevin Dede | Neutral | Reiterates | $0.00 |
Dec 5, 2024 | HC Wainwright & Co. | Kevin Dede | Neutral | Reiterates | $0.00 |
Jun 1, 2023 | HC Wainwright & Co. | Kevin Dede | Neutral | Maintains | $0.00 |
Dec 22, 2022 | HC Wainwright & Co. | Kevin Dede | Neutral | Initiates | $0.00 |
The following stocks are similar to BIT Mining based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Bit Mining Limited has a market capitalization of $31.43M with a P/E ratio of 0.0x. The company generates $32.92M in trailing twelve-month revenue with a 36.7% profit margin.
Revenue growth is -15.5% quarter-over-quarter, while maintaining an operating margin of -49.9% and return on equity of -14.5%.
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Cryptocurrency mining and blockchain technology development.
The company generates revenue by operating cryptocurrency mining facilities and providing related services, such as data center management and mining pool operations. By enhancing mining efficiency and scalability, Bit Mining Limited capitalizes on the growing demand for computing power in the cryptocurrency ecosystem.
With a focus on advancing blockchain technology, Bit Mining Limited contributes to the stability and growth of the blockchain network. Its strategic headquarters location optimizes logistics and resource availability, allowing the company to promote security and transparency in the digital currency space.
Technology
Information Technology Services
75
United States
2013
Here, we pick three stocks, CME, BTCM and CAN, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.
CME, BTCM, and CAN are identified as stocks likely to benefit from the increasing adoption of Bitcoin and other cryptocurrencies.
CME, BTCM, and CAN are positioned to capitalize on the increasing adoption of cryptocurrencies, potentially driving their stock prices higher as market demand grows.
BIT Mining Limited (NYSE: BTCM) reported March 2025 production of 41.55 BTC, with 34.96 BTC for clients and 6.59 BTC self-mined.
BIT Mining's March production update indicates operational efficiency and demand from hosted clients, potentially impacting revenue and investor sentiment regarding growth prospects.
BIT Mining Limited (NYSE: BTCM) reported February 2025 production of 42.56 Bitcoin, with 36.854 BTC for clients and 5.708 BTC self-mined.
BIT Mining's February production report shows its ability to generate revenue through both self-mining and hosting, impacting future profitability and investor confidence in BTCM's growth potential.
BIT Mining Limited (BTCM) has been upgraded to a Zacks Rank #2 (Buy), indicating growing optimism about its earnings prospects.
BIT Mining's upgrade to Zacks Rank #2 signals increased confidence in its earnings potential, suggesting a favorable investment opportunity and potential stock price appreciation.
BIT Mining Limited (NYSE: BTCM) reported its Q4 2024 unaudited financial results and announced the acquisition of cryptocurrency mining data centers and BTC mining machines in Ethiopia.
BIT Mining's acquisition of mining assets in Ethiopia could enhance its operational capacity and profitability, influencing its market position and potential growth in the cryptocurrency sector.
BIT Mining Limited (NYSE: BTCM) will release its unaudited financial results for Q4 and FY 2024 on February 28, 2025, after U.S. market close.
BIT Mining's upcoming financial results release may impact its stock price, providing insights into its performance and market position in the cryptocurrency sector.
Analyst forecasts for Bit Mining Limited (BTCM) are not currently available. The stock is trading at $1.97.
According to current analyst ratings, BTCM has 0 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.97. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for BTCM are not currently available. The stock is trading at $1.97.
The company generates revenue by operating cryptocurrency mining facilities and providing related services, such as data center management and mining pool operations. By enhancing mining efficiency and scalability, Bit Mining Limited capitalizes on the growing demand for computing power in the cryptocurrency ecosystem.
Price targets from Wall Street analysts for BTCM are not currently available. The stock is trading at $1.97.
Price targets from Wall Street analysts for BTCM are not currently available. The stock is trading at $1.97.
The overall analyst consensus for BTCM is neutral. Out of 1 Wall Street analysts, 0 rate it as Buy, 1 as Hold, and 0 as Sell.
Stock price projections, including those for Bit Mining Limited, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.