The stock of BitNile Metaverse Inc. (NASDAQ:BNMV) increased by $0.26 on Friday to finish at $1.12, up 29.86 percent. The last five days have seen an average of 193,860 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$5.7740. The average number of shares traded over the last 20 days was 80,040, while the average volume over the last 50 days totaled 367,182.
BNMV stock appreciated 47.37% since last month. On 08/03/23, the company’s shares reached a one-month low of $0.6117. The stock touched a high of $62.10 on 01/17/23, after rallying from a low of $0.61 in 52 weeks. The price of BNMV stock has declined by -83.75% or -$5.7740 this year, reaching a new high 7 times. Still, the stock price is down -98.20% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
BNMV stock investors should be aware that BitNile Metaverse Inc. (BNMV) stock had its last reported insider trading activity 4 days ago on Aug 24. On Aug 24, 10% Owner AULT MILTON C III acquired 59,148 shares at $0.86 each. This transaction resulted in the insider spending $50,702. On Aug 23, AULT MILTON C III added 500 shares at a price of US$0.75. After the transaction, the insider now owns 2,100 shares. 10% Owner Ault Alliance, Inc. had earlier bought 37,000 shares on Aug 22 for $0.78 a share. The transaction was completed for $28,723.
Financial Health
For the recent quarter, BitNile Metaverse Inc.’s current ratio was 0.30. Based on annual data, it had gross profit of -$0.26 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BNMV’s return on assets (ROA) during the last 12 months has been -200.10%. In the meantime, the return on equity (ROE) for the last 12 months was -426.00%.
Earnings Surprise
Net income for the quarter came in at $50000.0, while revenues fell by -12120.0% to -$25.6 billion. EBITDA was -$11.86 million for the quarter. At the end of BitNile Metaverse Inc.’s most recent quarter, its liabilities totaled 28.17 million, while its total debt was $1.4 million. Equity owned by shareholders amounts to $2.36 million.
Technical Picture
Here’s a quick look at BitNile Metaverse Inc.’s (BNMV) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 80.82%, suggesting the stock is Overbought, with a 145.85% historical volatility rate.
The stochastic %K and %D were 81.84% and 71.19% respectively, while the average true range (ATR) was 0.1254. Based on the 14-day stochastic reading of 83.12%, the RSI (14) reading is 69.23%. On the 9-day MACD Oscillator, the stock is at 0.1439, and the 14-day reading is at 0.1694.
Analyst Ratings
Analysts have assigned BitNile Metaverse Inc. (BNMV) an – rating. BNMV is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
