Bitfarms Ltd. (NASDAQ: BITF) closed the day trading at $2.23 up 3.24% from the previous closing price of $2.16. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 38036244 shares were traded. BITF stock price reached its highest trading level at $2.4160 during the session, while it also had its lowest trading level at $2.1400.
Ratios:
For a better understanding of BITF, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on December 14, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
On May 19, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $2.
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 740.26M and an Enterprise Value of 644.22M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.60 while its Price-to-Book (P/B) ratio in mrq is 2.53. Its current Enterprise Value per Revenue stands at 4.40 whereas that against EBITDA is -83.33.
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 $0.82. The 50-Day Moving Average of the stock is 2.5752, while the 200-Day Moving Average is calculated to be 1.8470.
Shares Statistics:
Over the past 3-months, BITF traded about 27.35M shares per day on average, while over the past 10 days, BITF traded about 27.36M shares per day. A total of 334.15M shares are outstanding, with a floating share count of 287.70M. Insiders hold about 4.69% of the company’s shares, while institutions hold 25.79% stake in the company. Shares short for BITF as of Mar 15, 2024 were 26.85M with a Short Ratio of 0.87, compared to 26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.04% and a Short% of Float of 8.52%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.01 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.04 and -$0.27 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.57, with 2 analysts recommending between $1.14 and $0.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for BITF’s current fiscal year. The highest revenue estimate was $321.84M, while the lowest revenue estimate was $190.5M, resulting in an average revenue estimate of $252.38M. In the same quarter a year ago, actual revenue was $146.37M, up 72.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $563.81M in the next fiscal year. The high estimate is $690.58M and the low estimate is $437.05M. The average revenue growth estimate for next year is up 123.40% from the average revenue estimate for this year.
