Overall market sentiment has been down on BIT Mining Ltd - ADR (BTCM) stock lately. BTCM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
BIT Mining Ltd - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BTCM!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With BTCM Stock Today?
BIT Mining Ltd - ADR (BTCM) stock is trading at $3.33 as of 10:13 AM on Tuesday, Jan 31, a gain of $0.01, or 0.15% from the previous closing price of $3.32. The stock has traded between $3.29 and $3.45 so far today. Volume today is less active than usual. So far 31,515 shares have traded compared to average volume of 1,370,619 shares.
More About BIT Mining Ltd - ADR
BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.
Click Here to get the full Stock Report for BIT Mining Ltd - ADR stock.
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