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The price of Bitfarms Ltd. (NASDAQ: BITF) closed at $2.11 in the last session, down -6.22% from day before closing price of $2.25. In other words, the price has decreased by -$6.22 from its previous closing price. On the day, 16.11 million shares were traded. BITF stock price reached its highest trading level at $2.19 during the session, while it also had its lowest trading level at $2.085.
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 5.09 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 Sep 24 ’24 when MALON INVESTMENTS HOLDINGS COR bought 400,000 shares for $2.07 per share.
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 1020549952 and an Enterprise Value of 829461440. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.54 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 4.803 whereas that against EBITDA is 15.596.
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 $0.92. The 50-Day Moving Average of the stock is -5.72%, while the 200-Day Moving Average is calculated to be -11.88%.
Shares Statistics:
According to the various share statistics, BITF traded on average about 18.39M shares per day over the past 3-months and 15776540 shares per day over the past 10 days. A total of 453.51M shares are outstanding, with a floating share count of 347.62M. Insiders hold about 23.35% of the company’s shares, while institutions hold 21.57% stake in the company. Shares short for BITF as of 1726185600 were 32453237 with a Short Ratio of 1.77, compared to 1723680000 on 29716503. Therefore, it implies a Short% of Shares Outstanding of 32453237 and a Short% of Float of 7.48.
