Bitfarms Ltd (NASDAQ:BITF) currently has a daily average trading volume of 33.27M but it saw 17976523 shares traded in last market. With a market cap of 468.43M USD, the company’s current market price of $0.85 came rising about 23.64 while comparing to the previous closing price of $0.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.28 and as low as $0.68. In the recent trading on the day, stock has struck highest price mark of $0.6751 while lowest mark touched by it was $0.8733.
Taking a look at 20-day trading activity of Bitfarms Ltd (BITF) gives us an average price of $0.9359, while its current price level is -74.20% below from 52-week high level whereas it is 25.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1511 while that of 200 days or SMA-200 reads an average of $1.8729. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.79% during that period while stretching the period over a month that decreases to 10.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.78 which implies that the stock is in neutral territory.
Cantor Fitzgerald issued its recommendations for the stock as it resumed the price target for the stock in the range of between $4 and $5.
Over the week, BITF’s stock price is moving -1.39% down while it is -25.78% when we observe its performance for the past one month. Year-to-date it is -43.21% down and over the past year, the stock is showing a downside performance of -58.32%.
The company is expected to be releasing its next quarterly report on 2025-Mar-26, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $83.25M as analysts are expecting the sales for current fiscal year at $349.51M and seeing the company making $451.25M in sales next year. Moreover, analysts are in estimates of $67.17M for current-quarter revenue.
Currently, Bitfarms Ltd’s total number of outstanding shares is 479.33M with 18.88% of that held by the insiders while 26.07% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.59% and return on equity (ROE) at -11.98%. It has a 6.04 of forward P/E ratio. Stock’s beta reads 3.72. Stock has a price to book (P/B) ratio of 0.67 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is -10.33% on average.
