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.
As of close of business last night, Bitfarms Ltd’s stock clocked out at $1.01, down -2.88% from its previous closing price of $1.04. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 26.37 million shares were traded. BITF stock price reached its highest trading level at $1.0451 during the session, while it also had its lowest trading level at $1.0.
Ratios:
To gain a deeper understanding of BITF’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 566210048 and an Enterprise Value of 428267360. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 2.341 whereas that against EBITDA is 11.807.
Stock Price History:
The Beta on a monthly basis for BITF is 3.68, which has changed by -0.558952 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, BITF has reached a high of $3.28, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -24.63%, while the 200-Day Moving Average is calculated to be -49.26%.
Shares Statistics:
It appears that BITF traded 37.68M shares on average per day over the past three months and 25998770 shares per day over the past ten days. A total of 452.94M shares are outstanding, with a floating share count of 355.93M. Insiders hold about 20.38% of the company’s shares, while institutions hold 27.49% stake in the company. Shares short for BITF as of 1740700800 were 59412204 with a Short Ratio of 1.58, compared to 1738281600 on 64436941. Therefore, it implies a Short% of Shares Outstanding of 59412204 and a Short% of Float of 12.520000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
