During the last session, Bitfarms Ltd. (NASDAQ:BITF)’s traded shares were 4.48 million. At the end of the trading day, the stock’s price was $1.61, reflecting an intraday gain of 8.05% or $0.12. The 52-week high for the BITF share is $9.36, that puts it down -481.37 from that peak though still a striking 35.4% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $381.99M, and the average intraday trading volume over the past 10 days was 4.53 million shares, and the average trade volume was 4.44 million shares over the past three months.
Bitfarms Ltd. (NASDAQ:BITF) trade information
Bitfarms Ltd. (BITF) registered a 8.05% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.05% in intraday trading to $1.61 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 16.67%, and it has moved by 24.81% in 30 days. Based on these gigs, the overall price performance for the year is -63.16%. The short interest in Bitfarms Ltd. (NASDAQ:BITF) is 13.57 million shares and it means that shorts have 4.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.45, which implies an increase of 70.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.45 and $5.45 respectively. As a result, BITF is trading at a discount of -238.51% off the target high and -238.51% off the low.
Bitfarms Ltd. (BITF) estimates and forecasts
Statistics show that Bitfarms Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Bitfarms Ltd. (BITF) shares have gone down -58.72% during the last six months, with a year-to-date growth rate more than the industry average at 46.15% against 12.60.
While earnings are projected to return 168.10% in 2022.
Bitfarms Ltd. is due to release its next quarterly earnings on August 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bitfarms Ltd. (NASDAQ:BITF)’s Major holders
Bitfarms Ltd. insiders own 13.77% of total outstanding shares while institutional holders control 16.54%, with the float percentage being 19.18%. Invesco Ltd. is the largest shareholder of the company, while 101 institutions own stock in it. As of Mar 30, 2022, the company held over 13.04 million shares (or 6.55% of all shares), a total value of $20.99 million in shares.
The next largest institutional holding, with 2.55 million shares, is of Mirae Asset Global Investments Co., Ltd.’s that is approximately 1.28% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $4.11 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bitfarms Ltd. (BITF) shares are Amplify Transformational Data Sharing ETF and Global X Fds-Global X Blockchain ETF. Data provided on Apr 29, 2022 indicates that Amplify Transformational Data Sharing ETF owns about 7.48 million shares. This amounts to just over 3.76 percent of the company’s overall shares, with a $12.05 million market value. The same data shows that the other fund manager holds slightly less at 1.73 million, or about 0.87% of the stock, which is worth about $2.78 million.