Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Bitfarms Ltd (NASDAQ: BITF) closed at $0.94 in the last session, up 12.88% from day before closing price of $0.83. In other words, the price has increased by $12.88 from its previous closing price. On the day, 16.16 million shares were traded. BITF stock price reached its highest trading level at $0.9717 during the session, while it also had its lowest trading level at $0.8631.
Ratios:
We take a closer look at BITF’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.86 and its Current Ratio is at 5.89. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
On December 04, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 07 ’24 when MALON INVESTMENTS HOLDINGS COR bought 100,000 shares for $2.17 per share.
MALON INVESTMENTS HOLDINGS COR bought 500,000 shares of BITF for $939,150 on Oct 15 ’24. On Oct 07 ’24, another insider, MALON INVESTMENTS HOLDINGS COR, who serves as the Former Director of the company, bought 600,000 shares for $1.93 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 528156768 and an Enterprise Value of 485627456. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 2.518 whereas that against EBITDA is 14.186.
Stock Price History:
The Beta on a monthly basis for BITF is 3.72, which has changed by -0.5427184 over the last 52 weeks, in comparison to a change of 0.042615533 over the same period for the S&P500. Over the past 52 weeks, BITF has reached a high of $3.28, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is -10.52%, while the 200-Day Moving Average is calculated to be -47.68%.
Shares Statistics:
According to the various share statistics, BITF traded on average about 29.16M shares per day over the past 3-months and 9721500 shares per day over the past 10 days. A total of 479.33M shares are outstanding, with a floating share count of 403.36M. Insiders hold about 20.43% of the company’s shares, while institutions hold 24.02% stake in the company. Shares short for BITF as of 1743379200 were 57648211 with a Short Ratio of 1.98, compared to 1740700800 on 59412204. Therefore, it implies a Short% of Shares Outstanding of 57648211 and a Short% of Float of 10.780000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
