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The closing price of Bitfarms Ltd (NASDAQ: BITF) was $1.24 for the day, down -6.06% from the previous closing price of $1.32. In other words, the price has decreased by -$6.06 from its previous closing price. On the day, 42.24 million shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 1.10.
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 $1.28. The 50-Day Moving Average of the stock is -22.15%, while the 200-Day Moving Average is calculated to be -40.05%.
Shares Statistics:
A total of 452.94M shares are outstanding, with a floating share count of 364.87M. Insiders hold about 18.38% of the company’s shares, while institutions hold 26.81% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $58.2M to a low estimate of $49.42M. As of the current estimate, Bitfarms Ltd’s year-ago sales were $46.24MFor the next quarter, 7 analysts are estimating revenue of $84.47M. There is a high estimate of $126.05M for the next quarter, whereas the lowest estimate is $58M.
A total of 7 analysts have provided revenue estimates for BITF’s current fiscal year. The highest revenue estimate was $203M, while the lowest revenue estimate was $186.14M, resulting in an average revenue estimate of $192.08M. In the same quarter a year ago, actual revenue was $146.37MBased on 7 analysts’ estimates, the company’s revenue will be $412.42M in the next fiscal year. The high estimate is $479.23M and the low estimate is $322.17M.
