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The closing price of Bitfarms Ltd (NASDAQ: BITF) was $1.16 for the day, up 6.42% from the previous closing price of $1.09. In other words, the price has increased by $6.42 from its previous closing price. On the day, 31.43 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 5.86 and its Current Ratio is at 5.89. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 3.05 while its Price-to-Book (P/B) ratio in mrq is 0.91.
Stock Price History:
Over the past 52 weeks, BITF has reached a high of $3.28, while it has fallen to a 52-week low of $0.67. The 50-Day Moving Average of the stock is 18.65%, while the 200-Day Moving Average is calculated to be -30.85%.
Shares Statistics:
A total of 479.33M shares are outstanding, with a floating share count of 402.97M. Insiders hold about 20.50% of the company’s shares, while institutions hold 23.48% 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 6 analysts. It ranges from a high estimate of $69.4M to a low estimate of $61.7M. As of the current estimate, Bitfarms Ltd’s year-ago sales were $50.32MFor the next quarter, 6 analysts are estimating revenue of $77.9M. There is a high estimate of $90.5M for the next quarter, whereas the lowest estimate is $67.42M.
A total of 6 analysts have provided revenue estimates for BITF’s current fiscal year. The highest revenue estimate was $369.8M, while the lowest revenue estimate was $286.66M, resulting in an average revenue estimate of $324.28M. In the same quarter a year ago, actual revenue was $192.88MBased on 4 analysts’ estimates, the company’s revenue will be $419.66M in the next fiscal year. The high estimate is $525.7M and the low estimate is $324.9M.
