How to Buy Bit Mining Stock
Bit Mining Ltd
Bit Mining is a information technology service company located in Ohio, United States, which is part of the Technology sector, and is traded under the ticker BTCM on the NYSE exchange.
Bit Mining stock last closed at $1.79, down 1.65% from the previous day, and has decreased 31.94% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.34 percentage points. Bit Mining stock is currently +46.72% from its 52-week low of $1.22, and -58.08% from its 52-week high of $4.27.
At the moment, there are 1.6B BTCM shares outstanding. The market value of BTCM is $28.56M. In the past 24 hours, 10,239 BTCM shares were traded.
How to Buy Bit Mining Stock
Wondering how to invest in Bit Mining stock? Here's how.
- Figure out where to buy Bit Mining stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Bit Mining stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Select your method of payment and add your info.
- Evaluate Bit Mining stock: The Bit Mining ticker symbol is BTCM. Is Bit Mining stock a good investment? Should you buy shares of BTCM? How do BTCM's underlying business fundamentals look? Do top analysts think Bit Mining is a good buy? Why has BTCM's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if BTCM is a good stock to buy).
- Execute your BTCM trade: Decide if you will purchase BTCM shares at the current market price or use a limit order to buy BTCM shares at a given price.
- Watch your BTCM position: Create a watchlist to keep track of your new investment in Bit Mining stock.
Step 1: Figure out where to buy Bit Mining stock
You will need a brokerage account in order to access the NYSE market and buy BTCM shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to invest in BTCM today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on mobile trading apps, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing money into your new investment account.
Step 4: Evaluate Bit Mining stock
Once you have selected the best place to buy Bit Mining stock, it's critical to research their stock before you buy, so you truly understand the risk as well as the upside.
Overview of key BTCM info
Bit Mining Due Diligence Score
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on BTCM's stock page.
Is BTCM stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge BTCM's intrinsic value.
Using relative valuations measures:
- BTCM may be undervalued based on its P/E ratio of 1.79x, relative to Information Technology Services industry P/E ratio of 26.41x
- BTCM could be undervalued based on its P/B ratio of 0.5x, relative to Information Technology Services industry P/B ratio of 4.84x
You can access more valuation analysis on BTCM's stock here.
BTCM Financial Overview
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the BTCM balance sheet.
- BTCM has a low debt to equity ratio of 0.34.
- BTCM has $11.39M in cash and short term investments. This is sufficient to cover its annual cash burn of $33.68M.
- There are more short-term assets than long-term liabilities on the BTCM balance sheet.
- BTCM profit margin has gone up from -66.6% to 36.7% in the past year.
Failed Health Checks:
- Total BTCM debt is higher than 5 years ago, relative to shareholder equity.
- BTCM has cash burn of 33681000. It does not have enough cash and short-term investments to cover this.
You can dig deeper into what analysts are projecting on the Bit Mining stock forecast page.
BTCM Technicals
BTCM Performance Numbers
Last year, BTCM revenue was $32.92M. In the last five year, BTCM's revenue has grown by 44.86% per year. This was faster than the Information Technology Services industry average of 4.64%.
Learn more about BTCM's earnings and revenue performance here.
Are BTCM insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at BTCM have not bought or sold any shares.
Learn more about who owns BTCM shares here.
Does BTCM stock generate passive income?
No, Bit Mining doesn't provide an income stream by paying out dividends.
BTCM Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your BTCM trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you need more help with investing in stocks on eToro, click the how to video below:
Step 6: Watch your BTCM position
Now that you own some BTCM shares, you'll want to keep up with your shares.
Make a watchlist to monitor your BTCM stock.
BTCM Feed
How to Buy Stock in Bit Mining
To summarize, here are the 6 steps you need to take to buy Bit Mining stock right now:
- Figure out where to buy Bit Mining stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Bit Mining stock
- Execute your BTCM trade
- Watch your BTCM position
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Bit Mining, click the button below.
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