WCG Wealth Advisors LLC Purchases New Holdings in BitMine Immersion Technologies, Inc. $BMNR

WCG Wealth Advisors LLC purchased a new position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 86,679 shares of the company’s stock, valued at approximately $2,353,000.

A number of other institutional investors also recently added to or reduced their stakes in BMNR. Strategic Advocates LLC purchased a new position in BitMine Immersion Technologies in the 3rd quarter valued at approximately $27,000. Wellington Shields Capital Management LLC acquired a new stake in BitMine Immersion Technologies in the third quarter valued at $31,000. Aspect Partners LLC purchased a new position in shares of BitMine Immersion Technologies in the third quarter valued at $35,000. Financial Life Planners purchased a new position in shares of BitMine Immersion Technologies in the third quarter valued at $37,000. Finally, Larson Financial Group LLC acquired a new position in shares of BitMine Immersion Technologies during the 3rd quarter worth $37,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BMNR shares. Weiss Ratings assumed coverage on shares of BitMine Immersion Technologies in a research note on Friday, April 17th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald upgraded shares of BitMine Immersion Technologies to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, B. Riley Financial reduced their price target on shares of BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.50.

BitMine Immersion Technologies Stock Up 6.0%

Shares of NYSE:BMNR opened at $17.91 on Friday. The company has a market capitalization of $10.20 billion and a P/E ratio of -137.74. BitMine Immersion Technologies, Inc. has a 52-week low of $3.92 and a 52-week high of $161.00. The stock’s fifty day simple moving average is $20.56 and its 200-day simple moving average is $24.54.

BitMine Immersion Technologies (NYSE:BMNR) last announced its earnings results on Tuesday, April 14th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $11.04 million during the quarter. BitMine Immersion Technologies had a negative net margin of 51,892.77% and a positive return on equity of 5.59%. On average, sell-side analysts anticipate that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current year.

BitMine Immersion Technologies Company Profile

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.