The price of Bitfarms Ltd. (NASDAQ: BITF) closed at $2.67 in the last session, up 6.37% from day before closing price of $2.51. In other words, the price has increased by $+0.1600 from its previous closing price. On the day, 23563610 shares were traded.
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 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 891.57M and an Enterprise Value of 854.29M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.51 while its Price-to-Book (P/B) ratio in mrq is 3.03. Its current Enterprise Value per Revenue stands at 6.72 whereas that against EBITDA is 31.45.
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 $0.68. The 50-Day Moving Average of the stock is 2.7244, while the 200-Day Moving Average is calculated to be 1.7668.
Shares Statistics:
According to the various share statistics, BITF traded on average about 31.03M shares per day over the past 3-months and 34.97M shares per day over the past 10 days. A total of 334.15M shares are outstanding, with a floating share count of 282.27M. Insiders hold about 6.49% of the company’s shares, while institutions hold 25.74% stake in the company. Shares short for BITF as of Feb 15, 2024 were 26M with a Short Ratio of 0.84, compared to 29.14M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.07% and a Short% of Float of 8.58%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.03 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.24 and -$0.22 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0.39, with 3 analysts recommending between $0.67 and $0.14.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for BITF’s current fiscal year. The highest revenue estimate was $333.35M, while the lowest revenue estimate was $164M, resulting in an average revenue estimate of $266.08M. In the same quarter a year ago, actual revenue was $146.37M, up 81.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $453.44M in the next fiscal year. The high estimate is $501.95M and the low estimate is $426.9M. The average revenue growth estimate for next year is up 70.40% from the average revenue estimate for this year.
