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Bitfarms Ltd. (NASDAQ: BITF) closed the day trading at $1.85 up 5.71% from the previous closing price of $1.75. In other words, the price has increased by $5.71 from its previous closing price. On the day, 14.59 million shares were traded. BITF stock price reached its highest trading level at $1.8653 during the session, while it also had its lowest trading level at $1.775.
Ratios:
For a better understanding of BITF, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
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.
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 Oct 07 ’24 when MALON INVESTMENTS HOLDINGS COR bought 600,000 shares for $1.93 per share.
Bonta Nicolas bought 1,000,000 shares of BITF for $2,016,700 on Oct 04 ’24. On Sep 24 ’24, another insider, MALON INVESTMENTS HOLDINGS COR, who serves as the former director of the company, bought 400,000 shares for $2.07 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 837791040 and an Enterprise Value of 712127104. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 4.123 whereas that against EBITDA is 13.39.
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 $0.92. The 50-Day Moving Average of the stock is -11.65%, while the 200-Day Moving Average is calculated to be -21.15%.
Shares Statistics:
Over the past 3-months, BITF traded about 17.94M shares per day on average, while over the past 10 days, BITF traded about 15767530 shares per day. A total of 453.51M shares are outstanding, with a floating share count of 347.62M. Insiders hold about 23.35% of the company’s shares, while institutions hold 21.71% stake in the company. Shares short for BITF as of 1727654400 were 35636281 with a Short Ratio of 1.99, compared to 1724976000 on 29409073. Therefore, it implies a Short% of Shares Outstanding of 35636281 and a Short% of Float of 8.2100004.
