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 $2.20, up 3.77% from the previous day, and has decreased 32.31% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.41 percentage points. Bit Mining stock is currently +22.91% from its 52-week low of $1.79, and -68.35% from its 52-week high of $6.95.
At the moment, there are 1.11B shares of BTCM outstanding. The market capitalization of BTCM is $24.45M. In the past 24 hours, 64,513 BTCM shares were traded.
How to Buy Bit Mining Stock
Not sure how to invest in Bit Mining stock? Here's how.
- Figure out where to buy Bit Mining stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Bit Mining stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your information.
- 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 website can help you evaluate 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 stock at a particular price.
- Watch your BTCM position: Create a watchlist to the latest updates on your investment in Bit Mining stock.
Step 1: Figure out where to buy Bit Mining stock
You need a brokerage account in order to access the NYSE market and buy BTCM stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to invest in BTCM stock today.
How to Set Up a New 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.
- Enter your personal details to start a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring money into your investment account.
Step 4: Evaluate Bit Mining stock
Once you have selected the best place to buy Bit Mining stock, it's very important to evaluate their stock before you buy, so you can wrap your head around the risk as well as the upside.
Bit Mining Metrics
Fundamentals of Bit Mining
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on BTCM's stock page.
What is the fair value of BTCM stock?
You can use many financial metrics, analyses, models, and charts to gauge BTCM's intrinsic value.
Using relative valuations ratios:
- BTCM could be undervalued based on its P/B ratio of 0.62x, relative to Information Technology Services industry P/B ratio of 4.54x
You can do more valuation analysis on BTCM's stock here.
BTCM Financial Health Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the BTCM balance sheet.
- There are more short-term assets than long-term liabilities on the BTCM balance sheet.
Failed Health Checks:
- BTCM profit margin has gone up by 2.39 percentage points in the past year, but the company is still unprofitable.
- BTCM has a relatively high debt to equity ratio of 0.98.
- Total BTCM debt is higher than 5 years ago, relative to shareholder equity.
You can dive deeper into what analysts are projecting on the Bit Mining stock forecast page.
BTCM Momentum
BTCM Earnings
Last year, BTCM revenue was $43.10M. Over the past 5 year, BTCM's revenue has gone up by 17.14% per year. This was faster than the Information Technology Services industry average of 7.52%.
You can analyze BTCM's earnings and revenue performance here.
Latest Insiders Trades at BTCM
In the past 12 months, executives and large shareholders at BTCM have not bought or sold any shares.
Get more info about who owns BTCM stock here.
Does BTCM provide a stable income stream?
No, Bit Mining doesn't provide an income stream by paying out dividends.
What others are saying about BTCM
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your BTCM trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Press the Open button and eToro will execute your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Watch your BTCM position
Now that you own some shares in BTCM, you'll want to keep up with your stock purchase.
Start a watchlist to track the latest developments regarding your BTCM stock.
BTCM Feed
How to Buy Stock in Bit Mining
To summarize, here are the 6 steps to buy stock in Bit Mining:
- 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 require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Bit Mining, get started below.
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