Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.