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.
In the latest session, Bitfarms Ltd. (NASDAQ: BITF) closed at $1.96 down -2.24% from its previous closing price of $2.01. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 8.97 million shares were traded. BITF stock price reached its highest trading level at $2.0369 during the session, while it also had its lowest trading level at $1.94.
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 1.87 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 655629824 and an Enterprise Value of 600811904. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.04 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 4.105 whereas that against EBITDA is 28.923.
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 -19.88%, while the 200-Day Moving Average is calculated to be 3.34%.
Shares Statistics:
For the past three months, BITF has traded an average of 25.14M shares per day and 19388330 over the past ten days. A total of 334.15M shares are outstanding, with a floating share count of 287.65M. Insiders hold about 4.71% of the company’s shares, while institutions hold 25.76% stake in the company. Shares short for BITF as of 1713139200 were 26648615 with a Short Ratio of 1.06, compared to 1710460800 on 26849981. Therefore, it implies a Short% of Shares Outstanding of 26648615 and a Short% of Float of 8.459999999999999.
