The closing price of Bitfarms Ltd. (NASDAQ: BITF) was $3.16 for the day, down -10.73% from the previous closing price of $3.54. In other words, the price has decreased by -$0.3800 from its previous closing price. On the day, 56409241 shares were traded.
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 2.80 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, B. Riley Securities on December 14, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
On May 19, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $2.
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 1.02B and an Enterprise Value of 983.69M. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.50 while its Price-to-Book (P/B) ratio in mrq is 3.05. Its current Enterprise Value per Revenue stands at 7.74 whereas that against EBITDA is 36.21.
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 $0.68. The 50-Day Moving Average of the stock is 2.7548, while the 200-Day Moving Average is calculated to be 1.7010.
Shares Statistics:
BITF traded an average of 32.61M shares per day over the past three months and 32.36M shares per day over the past ten days. A total of 301.86M shares are outstanding, with a floating share count of 282.27M. Insiders hold about 6.49% of the company’s shares, while institutions hold 25.53% stake in the company. Shares short for BITF as of Feb 15, 2024 were 26M with a Short Ratio of 0.92, compared to 29.14M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.07% and a Short% of Float of 8.58%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.2 and -$0.21 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.01, with 4 analysts recommending between $0.24 and -$0.22.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $266.27M in the next fiscal year. The high estimate is $333.35M and the low estimate is $164M. The average revenue growth estimate for next year is up 85.90% from the average revenue estimate for this year.
