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Bitfarms Ltd. (NASDAQ: BITF) closed the day trading at $2.70 down -6.25% from the previous closing price of $2.88. In other words, the price has decreased by -$6.25 from its previous closing price. On the day, 16.95 million shares were traded. BITF stock price reached its highest trading level at $2.86 during the session, while it also had its lowest trading level at $2.7.
Ratios:
For a better understanding of BITF, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 3.02. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
On June 04, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $4.
On December 14, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on December 14, 2023, with a $4 target price.
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 1199469568 and an Enterprise Value of 1097920512. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.46 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 6.589 whereas that against EBITDA is 22.146.
Stock Price History:
The Beta on a monthly basis for BITF is 3.32, which has changed by 0.50837994 over the last 52 weeks, in comparison to a change of 0.21656322 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 $0.92. The 50-Day Moving Average of the stock is 11.45%, while the 200-Day Moving Average is calculated to be 24.64%.
Shares Statistics:
Over the past 3-months, BITF traded about 22.25M shares per day on average, while over the past 10 days, BITF traded about 24969380 shares per day. A total of 334.15M shares are outstanding, with a floating share count of 318.68M. Insiders hold about 20.05% of the company’s shares, while institutions hold 22.14% stake in the company. Shares short for BITF as of 1719532800 were 24427831 with a Short Ratio of 1.10, compared to 1717113600 on 28606524. Therefore, it implies a Short% of Shares Outstanding of 24427831 and a Short% of Float of 6.2.
