In last trading session, Bitfarms Ltd. (NASDAQ:BITF) saw 13.85 million shares changing hands with its beta currently measuring 3.31. Company’s recent per share price level of $1.78 trading at -$0.01 or -0.56% at ring of the bell on the day assigns it a market valuation of $537.31M. That closing price of BITF’s stock is at a discount of -119.66% from its 52-week high price of $3.91 and is indicating a premium of 48.31% from its 52-week low price of $0.92. Taking a look at company’s average trading volume volume of 24.66 million if we extend that period to 3-months.
Bitfarms Ltd. (NASDAQ:BITF) trade information
Upright in the red during last session for losing -0.56%, in the last five days BITF remained trading in the red while hitting it’s week-highest on Thursday, 04/25/24 when the stock touched $1.78 price level, adding 12.75% to its value on the day. Bitfarms Ltd.’s shares saw a change of -38.83% in year-to-date performance and have moved -13.59% in past 5-day. Bitfarms Ltd. (NASDAQ:BITF) showed a performance of -18.35% in past 30-days.
Bitfarms Ltd. (BITF) estimates and forecasts
Statistics highlight that Bitfarms Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 64.81% of value to its shares in past 6 months, showing an annual growth rate of 57.14% while that of industry is 19.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 72.40% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $48.96 million for the same. And 3 analysts are in estimates of company making revenue of $53.59 million in the next quarter that will end on Jun 2024. Company posted -$ and $34.1 million of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -19.31% during past 5 years.
BITF Dividends
Bitfarms Ltd. is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
