The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Bitfarms Ltd (NASDAQ: BITF) closed at $1.42 in the last session, up 1.43% from day before closing price of $1.40. In other words, the price has increased by $1.43 from its previous closing price. On the day, 23.49 million shares were traded. BITF stock price reached its highest trading level at $1.45 during the session, while it also had its lowest trading level at $1.39.
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:
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 701164736 and an Enterprise Value of 621992512. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 3.4 whereas that against EBITDA is 17.148.
Stock Price History:
The Beta on a monthly basis for BITF is 3.55, which has changed by -0.5895954 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, BITF has reached a high of $3.91, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is -14.99%, while the 200-Day Moving Average is calculated to be -31.74%.
Shares Statistics:
According to the various share statistics, BITF traded on average about 47.22M shares per day over the past 3-months and 36880580 shares per day over the past 10 days. A total of 452.94M shares are outstanding, with a floating share count of 364.81M. Insiders hold about 18.39% of the company’s shares, while institutions hold 26.82% stake in the company. Shares short for BITF as of 1738281600 were 64436941 with a Short Ratio of 1.36, compared to 1735603200 on 59481715. Therefore, it implies a Short% of Shares Outstanding of 64436941 and a Short% of Float of 13.569999999999999.
