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As of close of business last night, Bitfarms Ltd.’s stock clocked out at $1.90, down -4.52% from its previous closing price of $1.99. In other words, the price has decreased by -$4.52 from its previous closing price. On the day, 26.56 million shares were traded. BITF stock price reached its highest trading level at $2.03 during the session, while it also had its lowest trading level at $1.89.
Ratios:
To gain a deeper understanding of BITF’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On June 04, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
On December 14, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on December 14, 2023, with a $4 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 15 ’24 when MALON INVESTMENTS HOLDINGS COR bought 500,000 shares for $1.88 per share.
MALON INVESTMENTS HOLDINGS COR bought 600,000 shares of BITF for $1,158,717 on Oct 07 ’24. On Oct 04 ’24, another insider, Bonta Nicolas, who serves as the Former Director of the company, bought 1,000,000 shares for $2.02 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BITF now has a Market Capitalization of 891411584 and an Enterprise Value of 734691392. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.99 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 4.254 whereas that against EBITDA is 13.814.
Stock Price History:
Over the past 52 weeks, BITF has reached a high of $3.91, while it has fallen to a 52-week low of $1.01. The 50-Day Moving Average of the stock is -7.51%, while the 200-Day Moving Average is calculated to be -17.22%.
Shares Statistics:
It appears that BITF traded 17.43M shares on average per day over the past three months and 24488650 shares per day over the past ten days. A total of 453.51M shares are outstanding, with a floating share count of 347.62M. Insiders hold about 23.35% of the company’s shares, while institutions hold 21.75% stake in the company. Shares short for BITF as of 1728950400 were 39045930 with a Short Ratio of 2.24, compared to 1726185600 on 32453237. Therefore, it implies a Short% of Shares Outstanding of 39045930 and a Short% of Float of 9.0.
