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In the latest session, Bitfarms Ltd. (NASDAQ: BITF) closed at $2.10 down -2.33% from its previous closing price of $2.15. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 19.92 million shares were traded. BITF stock price reached its highest trading level at $2.16 during the session, while it also had its lowest trading level at $2.06.
Ratios:
For a deeper understanding of Bitfarms Ltd.’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 15 ’24 when MALON INVESTMENTS HOLDINGS COR bought 500,000 shares for $1.88 per share.
MALON INVESTMENTS HOLDINGS COR bought 600,000 shares of BITF for $1,158,717 on Oct 07 ’24. On Oct 04 ’24, another insider, Bonta Nicolas, who serves as the Former Director of the company, bought 1,000,000 shares for $2.02 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 951005952 and an Enterprise Value of 824948608. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.51 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 4.777 whereas that against EBITDA is 15.511.
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 $1.00. The 50-Day Moving Average of the stock is 1.29%, while the 200-Day Moving Average is calculated to be -9.11%.
Shares Statistics:
For the past three months, BITF has traded an average of 17.61M shares per day and 21080780 over the past ten 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 21.70% stake in the company. Shares short for BITF as of 1727654400 were 35636281 with a Short Ratio of 2.02, compared to 1724976000 on 29409073. Therefore, it implies a Short% of Shares Outstanding of 35636281 and a Short% of Float of 8.2100004.
