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The closing price of Bitfarms Ltd. (NASDAQ: BITF) was $2.30 for the day, down -4.17% from the previous closing price of $2.40. In other words, the price has decreased by -$4.17 from its previous closing price. On the day, 22.71 million shares were traded. BITF stock price reached its highest trading level at $2.44 during the session, while it also had its lowest trading level at $2.26.
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 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on June 04, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On December 14, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.
On May 19, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $2.Cantor Fitzgerald initiated its Overweight rating on May 19, 2023, with a $2 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 868226944 and an Enterprise Value of 866740096. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 5.201 whereas that against EBITDA is 17.483.
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 15.61%, while the 200-Day Moving Average is calculated to be 18.18%.
Shares Statistics:
BITF traded an average of 20.41M shares per day over the past three months and 25846240 shares per day over the past ten days. A total of 334.15M shares are outstanding, with a floating share count of 244.44M. Insiders hold about 19.02% of the company’s shares, while institutions hold 29.79% stake in the company. Shares short for BITF as of 1715731200 were 22471293 with a Short Ratio of 1.10, compared to 1713139200 on 26648615. Therefore, it implies a Short% of Shares Outstanding of 22471293 and a Short% of Float of 6.3.
