Bitfarms Ltd. (NASDAQ: BITF) is -29.55% lower on its value in year-to-date trading and has touched a low of $0.92 and a high of $3.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BITF stock was last observed hovering at around $2.00 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.05, the stock is -0.47% and -10.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.23 million and changing 2.50% at the moment leaves the stock -14.40% off its SMA200. BITF registered 88.07% gain for a year compared to 6-month loss of -11.26%.
The stock witnessed a -9.29% gain in the last 1 month and extending the period to 3 months gives it a -23.51%, and is 3.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.17% over the week and 6.06% over the month.
Bitfarms Ltd. (BITF) has around 170 employees, a market worth around $929.70M and $172.70M in sales. Fwd P/E is 60.29. Profit margin for the company is -62.79%. Distance from 52-week low is 123.07% and -47.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.24%).
with sales reaching $52.79M over the same period.The EPS is expected to grow by 41.00% this year, but quarterly earnings will post 52.50% year-over-year. Quarterly sales are estimated to grow 52.60% in year-over-year returns.
Bitfarms Ltd. (BITF) Top Institutional Holders
The shares outstanding are 453.51M, and float is at 347.62M with Short Float at 8.46%.
The top institutional shareholder in the company is INVESCO LTD. with over 19.71 million shares valued at $50.66 million. The investor’s holdings represent 5.8191% of the BITF Shares outstanding. As of 2024-06-30, the second largest holder is TOROSO INVESTMENTS, LLC with 6.62 million shares valued at $17.01 million to account for 1.9535 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 5.16 million shares representing 1.5244% and valued at over $13.27 million, while STATE STREET CORP holds 1.4329 of the shares totaling 4.85 million with a market value of $12.47 million.
Bitfarms Ltd. (BITF) Insider Activity
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