Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Bitfarms Ltd (NASDAQ: BITF) closed the day trading at $1.40 down -14.11% from the previous closing price of $1.63. In other words, the price has decreased by -$14.11 from its previous closing price. On the day, 57.67 million shares were traded. BITF stock price reached its highest trading level at $1.5695 during the session, while it also had its lowest trading level at $1.36.
Ratios:
For a better understanding of BITF, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 661571392 and an Enterprise Value of 682442432. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.62 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 3.73 whereas that against EBITDA is 16.885.
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 $1.47. The 50-Day Moving Average of the stock is -25.63%, while the 200-Day Moving Average is calculated to be -33.81%.
Shares Statistics:
Over the past 3-months, BITF traded about 47.15M shares per day on average, while over the past 10 days, BITF traded about 43395000 shares per day. A total of 452.94M shares are outstanding, with a floating share count of 381.75M. Insiders hold about 19.21% of the company’s shares, while institutions hold 19.53% stake in the company. Shares short for BITF as of 1735603200 were 59481715 with a Short Ratio of 1.26, compared to 1732838400 on 45088990. Therefore, it implies a Short% of Shares Outstanding of 59481715 and a Short% of Float of 13.120000000000001.
