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The closing price of Bitfarms Ltd (NASDAQ: BITF) was $1.40 for the day, down -3.45% from the previous closing price of $1.45. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 64.63 million shares were traded. BITF stock price reached its highest trading level at $1.49 during the session, while it also had its lowest trading level at $1.31.
Ratios:
Our analysis of BITF’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 697288192 and an Enterprise Value of 579238656. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.78 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 3.166 whereas that against EBITDA is 14.331.
Stock Price History:
The Beta on a monthly basis for BITF is 3.45, which has changed by -0.3497758 over the last 52 weeks, in comparison to a change of 0.21926713 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 $1.36. The 50-Day Moving Average of the stock is -22.08%, while the 200-Day Moving Average is calculated to be -33.51%.
Shares Statistics:
BITF traded an average of 47.91M shares per day over the past three months and 48908400 shares per day over the past ten days. A total of 452.94M shares are outstanding, with a floating share count of 398.95M. Insiders hold about 19.21% of the company’s shares, while institutions hold 20.09% stake in the company. Shares short for BITF as of 1736899200 were 61554765 with a Short Ratio of 1.28, compared to 1734048000 on 53347838. Therefore, it implies a Short% of Shares Outstanding of 61554765 and a Short% of Float of 13.569999999999999.
