Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Bitfarms Ltd (NASDAQ: BITF) was $2.01 for the day, down -6.07% from the previous closing price of $2.14. In other words, the price has decreased by -$6.07 from its previous closing price. On the day, 51.07 million shares were traded. BITF stock price reached its highest trading level at $2.14 during the session, while it also had its lowest trading level at $1.98.
Ratios:
Our analysis of BITF’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.68 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.05 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, Alliance Global Partners on December 04, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On June 04, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.H.C. Wainwright initiated its Buy rating on June 04, 2024, with a $4 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1011835968 and an Enterprise Value of 852952960. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.19 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 4.662 whereas that against EBITDA is 21.103.
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 $1.52. The 50-Day Moving Average of the stock is -2.38%, while the 200-Day Moving Average is calculated to be -9.53%.
Shares Statistics:
BITF traded an average of 32.56M shares per day over the past three months and 51906580 shares per day over the past ten days. A total of 452.94M shares are outstanding, with a floating share count of 378.19M. Insiders hold about 19.96% of the company’s shares, while institutions hold 19.74% stake in the company. Shares short for BITF as of 1732838400 were 45088990 with a Short Ratio of 1.20, compared to 1730332800 on 41831561. Therefore, it implies a Short% of Shares Outstanding of 45088990 and a Short% of Float of 9.94.
