BitMine Immersion Technologies Inc (AMEX:BMNR) price closed higher on Monday, June 30, and jumping 694.84% above its previous close.
A look at the daily price movement shows that the last close reads $4.26, with intraday deals fluctuated between $12.38 and $34.3. The company’s 5Y monthly beta was ticking 1.069. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.00 and 52-week low of $1.93. The stock added 208.18% on its value in the past month.
BitMine Immersion Technologies Inc, which has a market valuation of $208.83 million, is expected to release its quarterly earnings report in August.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give BMNR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that BMNR’s price is at present 307.51% off the SMA20 and 318.14% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 83.33, with weekly volatility standing at 44.88%. The indicator jumps to 24.22% when calculated based on the past 30 days. BitMine Immersion Technologies Inc (AMEX:BMNR)’s beta value is holding at 0.86.
An analysis of the BitMine Immersion Technologies Inc (AMEX:BMNR) stock in terms of its daily trading volume indicates that the 3-month average is 41.86K. However, this figure increases on the past 10-day timeline to an average of 10.87 million.
Current records show that the company has 1.98M in outstanding shares. The insiders’ percentage holdings are 68.75% of outstanding shares while the percentage share held by institutions stands at 3.41%. The stats also highlight that short interest as of 2025-06-13, stood at 5708.0 shares, which puts the short ratio at the time at 0.07. From this we can glean that short interest is 12.00 of company’s current outstanding shares. But the 151.11% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
