BitMine Immersion Technologies Inc (AMEX: BMNR)’s stock price has gone decline by -8.68 in comparison to its previous close of 7.55, however, the company has experienced a -48.64% decrease in its stock price over the last five trading days. accessnewswire.com reported 2025-06-06 that LAS VEGAS, NV / ACCESS Newswire / June 6, 2025 / BitMine Immersion Technologies, Inc. (“BitMine” and the “Company”) (NYSE American:BMNR), a technology company focused on the accumulation of bitcoin for long-term investment, whether acquired by their bitcoin mining operations or from the proceeds of capital raising transactions, today announced the closing of its underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $8.00 per share, for gross proceeds of $18 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 337,500 shares of common stock to cover over-allotments, if any.
Is It Worth Investing in BitMine Immersion Technologies Inc (AMEX: BMNR) Right Now?
Additionally, the 36-month beta value for BMNR is 1.06. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BMNR is 0.59M and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of BMNR on June 10, 2025 was 22.57K shares.
BMNR’s Market Performance
BMNR’s stock has seen a -48.64% decrease for the week, with a -19.54% drop in the past month and a 4.39% gain in the past quarter. The volatility ratio for the week is 52.18%, and the volatility levels for the past 30 days are at 37.59% for BitMine Immersion Technologies Inc The simple moving average for the past 20 days is -26.01% for BMNR’s stock, with a -19.15% simple moving average for the past 200 days.
BMNR Trading at -19.26% from the 50-Day Moving Average
After a stumble in the market that brought BMNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.68% of loss for the given period.
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Stock Fundamentals for BMNR
Current profitability levels for the company are sitting at:
- -0.65 for the present operating margin
- 0.16 for the gross margin
The net margin for BitMine Immersion Technologies Inc stands at -0.78. The total capital return value is set at -1.03. Equity return is now at value -91.89, with -46.90 for asset returns.
Based on BitMine Immersion Technologies Inc (BMNR), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -12.27.
Currently, EBITDA for the company is -2.1 million with net debt to EBITDA at -0.83. When we switch over and look at the enterprise to sales, we see a ratio of 9.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
In conclusion, BitMine Immersion Technologies Inc (BMNR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
