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 $1.89, up 1.61% from the previous day, and has decreased 37.42% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.34 percentage points. Bit Mining stock is currently +5.59% from its 52-week low of $1.79, and -55.74% from its 52-week high of $4.27.
At the moment, there are 1.6B shares of BTCM outstanding. The market capitalization of BTCM is $30.15M. In the past 24 hours, 8961 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.
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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.
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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/E ratio of 1.89x, relative to Information Technology Services industry P/E ratio of 29.22x
- BTCM may be undervalued based on its P/B ratio of 0.53x, relative to Information Technology Services industry P/B ratio of 5.11x
You can do additional valuation analysis on BTCM's stock here.
Is BTCM a healthy company?
Passed Health Checks:
- BTCM profit margin has gone up from -66.6% to 36.7% in the past year.
- There are more short-term assets than short-term liabilities on the BTCM balance sheet.
- Total BTCM debt is lower than 5 years ago, relative to shareholder equity.
- BTCM has a low debt to equity ratio of 0.19.
- There are more short-term assets than long-term liabilities on the BTCM balance sheet.
You can dig deeper into what analysts are saying on the Bit Mining stock forecast page.
Metrics for Advanced BTCM Traders
Is BTCM Growing Revenue?
Last year, BTCM revenue was $32.92M. In the past 5 year, BTCM's revenue has increased by 44.86% per year. This was faster than the Information Technology Services industry average of 6.06%.
Dig into BTCM's earnings and revenue performance here.
Are BTCM executives and large shareholders buying or selling the stock?
In the past year, insiders at BTCM have not bought or sold any shares.
Dig into more about who owns BTCM stock here.
Can I rely on BTCM as an income stream?
No, Bit Mining doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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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 usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and your broker will execute your order.
If you need additional help investing in stocks on eToro, click the how to video below:
Step 6: Watch your BTCM position
Now that you own some BTCM stock, you'll want to keep up with your new investment.
Make a watchlist to see the latest developments about 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Bit Mining, create your watchlist below.
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