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After finishing at $2.25 in the prior trading day, Bitfarms Ltd (NASDAQ: BITF) closed at $2.16, down -4.00%. In other words, the price has decreased by -$4.00 from its previous closing price. On the day, 50.22 million shares were traded. BITF stock price reached its highest trading level at $2.32 during the session, while it also had its lowest trading level at $2.07.
Ratios:
Our goal is to gain a better understanding of BITF by taking a closer look at its different ratios. 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.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1022531072 and an Enterprise Value of 960643776. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.04 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 5.251 whereas that against EBITDA is 23.768.
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 5.45%, while the 200-Day Moving Average is calculated to be -5.62%.
Shares Statistics:
The stock has traded on average 22.83M shares per day over the past 3-months and 44648050 shares per day over the last 10 days, according to various share statistics. A total of 453.51M shares are outstanding, with a floating share count of 362.99M. Insiders hold about 19.96% of the company’s shares, while institutions hold 20.28% stake in the company. Shares short for BITF as of 1730332800 were 41831561 with a Short Ratio of 1.71, compared to 1727654400 on 35636281. Therefore, it implies a Short% of Shares Outstanding of 41831561 and a Short% of Float of 9.5.
