Bitmine Immersion Technologies Stock Probability of Future Pink Sheet Price Finishing Under 0.45
| BMNR Stock | USD 0.45 0.13 22.41% |
Bitmine |
Bitmine Immersion Target Price Odds to finish below 0.45
The tendency of Bitmine Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 0.45 | 90 days | 0.45 | about 80.07 |
Based on a normal probability distribution, the odds of Bitmine Immersion to move below current price in 90 days from now is about 80.07 (This Bitmine Immersion Technologies probability density function shows the probability of Bitmine Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Bitmine Immersion Technologies has a beta of -3.91 suggesting as returns on its benchmark rise, returns on holding Bitmine Immersion Technologies are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Bitmine Immersion is expected to outperform its benchmark. In addition to that Bitmine Immersion Technologies has an alpha of 2.3592, implying that it can generate a 2.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bitmine Immersion Price Density |
| Price |
Predictive Modules for Bitmine Immersion
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitmine Immersion. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Bitmine Immersion Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bitmine Immersion is not an exception. The market had few large corrections towards the Bitmine Immersion's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bitmine Immersion Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bitmine Immersion within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.36 | |
β | Beta against Dow Jones | -3.91 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.1 |
Bitmine Immersion Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bitmine Immersion for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bitmine Immersion can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bitmine Immersion is way too risky over 90 days horizon | |
| Bitmine Immersion has some characteristics of a very speculative penny stock | |
| Bitmine Immersion appears to be risky and price may revert if volatility continues | |
| Bitmine Immersion has high likelihood to experience some financial distress in the next 2 years | |
| Bitmine Immersion Technologies currently holds 1.89 M in liabilities with Debt to Equity (D/E) ratio of 1.66, which is about average as compared to similar companies. Bitmine Immersion has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitmine Immersion until it has trouble settling it off, either with new capital or with free cash flow. So, Bitmine Immersion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitmine Immersion sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitmine to invest in growth at high rates of return. When we think about Bitmine Immersion's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 427.67 K. Net Loss for the year was (2.01 M) with loss before overhead, payroll, taxes, and interest of (129.03 K). | |
| Bitmine Immersion Technologies currently holds about 499.91 K in cash with (1.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 75.0% of Bitmine Immersion shares are held by company insiders |
Bitmine Immersion Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bitmine Pink Sheet often depends not only on the future outlook of the current and potential Bitmine Immersion's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bitmine Immersion's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.1 K | |
| Cash And Short Term Investments | 392.6 K | |
| Shares Float | 14.2 M |
Bitmine Immersion Technical Analysis
Bitmine Immersion's future price can be derived by breaking down and analyzing its technical indicators over time. Bitmine Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bitmine Immersion Technologies. In general, you should focus on analyzing Bitmine Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Bitmine Immersion Predictive Forecast Models
Bitmine Immersion's time-series forecasting models is one of many Bitmine Immersion's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bitmine Immersion's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Bitmine Immersion
Checking the ongoing alerts about Bitmine Immersion for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bitmine Immersion help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bitmine Immersion is way too risky over 90 days horizon | |
| Bitmine Immersion has some characteristics of a very speculative penny stock | |
| Bitmine Immersion appears to be risky and price may revert if volatility continues | |
| Bitmine Immersion has high likelihood to experience some financial distress in the next 2 years | |
| Bitmine Immersion Technologies currently holds 1.89 M in liabilities with Debt to Equity (D/E) ratio of 1.66, which is about average as compared to similar companies. Bitmine Immersion has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitmine Immersion until it has trouble settling it off, either with new capital or with free cash flow. So, Bitmine Immersion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitmine Immersion sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitmine to invest in growth at high rates of return. When we think about Bitmine Immersion's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 427.67 K. Net Loss for the year was (2.01 M) with loss before overhead, payroll, taxes, and interest of (129.03 K). | |
| Bitmine Immersion Technologies currently holds about 499.91 K in cash with (1.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 75.0% of Bitmine Immersion shares are held by company insiders |
Additional Tools for Bitmine Pink Sheet Analysis
When running Bitmine Immersion's price analysis, check to measure Bitmine Immersion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitmine Immersion is operating at the current time. Most of Bitmine Immersion's value examination focuses on studying past and present price action to predict the probability of Bitmine Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitmine Immersion's price. Additionally, you may evaluate how the addition of Bitmine Immersion to your portfolios can decrease your overall portfolio volatility.