Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of Bitfarms Ltd (NASDAQ: BITF) closed at $2.11 in the last session, up 2.93% from day before closing price of $2.05. In other words, the price has increased by $2.93 from its previous closing price. On the day, 55.56 million shares were traded. BITF stock price reached its highest trading level at $2.15 during the session, while it also had its lowest trading level at $1.96.
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 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:
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 1000365760 and an Enterprise Value of 897824128. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.87 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 4.907 whereas that against EBITDA is 22.213.
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 2.53%, while the 200-Day Moving Average is calculated to be -7.68%.
Shares Statistics:
According to the various share statistics, BITF traded on average about 25.71M shares per day over the past 3-months and 56977760 shares per day over the past 10 days. A total of 472.50M shares are outstanding, with a floating share count of 378.19M. Insiders hold about 19.96% of the company’s shares, while institutions hold 19.46% stake in the company. Shares short for BITF as of 1730332800 were 41831561 with a Short Ratio of 1.52, compared to 1727654400 on 35636281. Therefore, it implies a Short% of Shares Outstanding of 41831561 and a Short% of Float of 9.5.
