Parisi Gray Wealth Management bought a new position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 27,880 shares of the company’s stock, valued at approximately $737,000.
A number of other institutional investors have also modified their holdings of BMNR. Quintet Private Bank Europe S.A. lifted its stake in BitMine Immersion Technologies by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,150 shares of the company’s stock valued at $30,000 after buying an additional 575 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in BitMine Immersion Technologies by 72.3% during the first quarter. Banque Cantonale Vaudoise now owns 1,859 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the period. Legacy Wealth Managment LLC ID raised its holdings in shares of BitMine Immersion Technologies by 40.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of BitMine Immersion Technologies by 1,000.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,200 shares of the company’s stock valued at $60,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of BitMine Immersion Technologies in the 1st quarter valued at $58,000.
BitMine Immersion Technologies Trading Down 7.4%
Shares of BitMine Immersion Technologies stock traded down $1.72 during trading on Friday, reaching $21.64. The company’s stock had a trading volume of 36,894,989 shares, compared to its average volume of 34,919,820. BitMine Immersion Technologies, Inc. has a one year low of $12.80 and a one year high of $55.19. The stock has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $20.30. The stock has a market capitalization of $13.05 billion, a P/E ratio of 432.72 and a beta of 1.52.
BitMine Immersion Technologies (NYSE:BMNR – Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a negative net margin of 14,306.56% and a positive return on equity of 3.35%. The business had revenue of $46.53 million for the quarter. As a group, sell-side analysts anticipate that BitMine Immersion Technologies, Inc. will post 0.06 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently commented on BMNR. Cantor Fitzgerald restated an “overweight” rating on shares of BitMine Immersion Technologies in a research report on Tuesday, October 6th. B. Riley Financial boosted their price target on BitMine Immersion Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Wall Street Zen upgraded BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, BitMine Immersion Technologies currently has a consensus rating of “Hold” and a consensus price target of $48.80.
Get Our Latest Stock Report on BMNR
BitMine Immersion Technologies Company Profile
BitMine Immersion Technologies, Inc is a digital asset and blockchain technology company focused on cryptocurrency mining and the management of digital assets. Its operations have included the use of immersion-cooling technology, which is designed to improve the efficiency and operating environment of specialized computing equipment used in cryptocurrency mining.
The company has also shifted its strategic focus toward building and managing a treasury of digital assets, particularly Ethereum, while continuing to evaluate opportunities in cryptocurrency mining, blockchain infrastructure and related technologies.
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