Bitfarms Ltd (NASDAQ: BITF) is -68.29% lower on its value in year-to-date trading and has touched a low of $0.67 and a high of $3.15 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 $0.75 in the last trading session, with the day’s gains setting it 15049999.25%.
Currently trading at $15050000.0, the stock is -0.97% and -12.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.55 million and changing 12.60% at the moment leaves the stock -42.80% off its SMA200. BITF registered -43.61% loss for a year compared to 6-month loss of -50.28%. The firm has a 50-day simple moving average (SMA 50) of $0.95536 and a 200-day simple moving average (SMA200) of $1.46891.
The stock witnessed a -10.24% gain in the last 1 month and extending the period to 3 months gives it a -0.30%, and is 12.43% 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 6.46% over the week and 5.78% over the month.
Fwd P/E is 42.01. Profit margin for the company is -40.09%. Distance from 52-week low is 24.84% and -73.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.23%).
The EPS is expected to grow by 37.36% this year.
Bitfarms Ltd (BITF) Top Institutional Holders
201.0 institutions hold shares in Bitfarms Ltd (BITF), with institutional investors hold 25.48% of the company’s shares. The shares outstanding are 553.64M, and float is at 479.68M with Short Float at 9.19%. Institutions hold 22.03% of the Float.
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 4.9128% 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 1.6492 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 5.16 million shares representing 1.287% and valued at over $13.27 million, while STATE STREET CORP holds 1.2097 of the shares totaling 4.85 million with a market value of $12.47 million.
