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The price of Bitfarms Ltd (NASDAQ: BITF) closed at $1.10 in the last session, down -5.17% from day before closing price of $1.16. In other words, the price has decreased by -$5.17 from its previous closing price. On the day, 40.71 million shares were traded.
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 December 04, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $6.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 0.97.
Stock Price History:
Over the past 52 weeks, BITF has reached a high of $3.30, while it has fallen to a 52-week low of $1.06. The 50-Day Moving Average of the stock is -26.78%, while the 200-Day Moving Average is calculated to be -46.41%.
Shares Statistics:
A total of 452.94M shares are outstanding, with a floating share count of 364.88M. Insiders hold about 18.38% of the company’s shares, while institutions hold 26.85% stake in the company.
