Does Bitfarms Ltd. (NASDAQ:BITF) Look Expensive At $2.89? Here’s How To Know.

In recent trading session, Bitfarms Ltd. (NASDAQ:BITF) saw 17.92 million shares changing hands at last check today with its beta currently measuring 3.34. Company’s recent per share price level of $2.89 trading at $0.08 or 3.02% at last check today assigns it a market valuation of $1.15B. That most recent trading price of BITF’s stock is at a discount of -35.29% from its 52-week high price of $3.91 and is indicating a premium of 68.17% from its 52-week low price of $0.92. Taking a look at company’s average trading volume volume of 21.14 million if we extend that period to 3-months.

Bitfarms Ltd. (NASDAQ:BITF) trade information

Upright in the green today for gaining 3.02%, in the last five days BITF remained trading in the green while hitting it’s week-highest on Friday, 06/14/24 when the stock touched $2.89 price level, adding 2.36% to its value on the day. Bitfarms Ltd.’s shares saw a change of -0.52% in year-to-date performance and have moved 20.62% in past 5-day. Bitfarms Ltd. (NASDAQ:BITF) showed a performance of 56.49% in past 30-days.

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Bitfarms Ltd. (BITF) estimates and forecasts

Statistics highlight that Bitfarms Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -1.86% of value to its shares in past 6 months, showing an annual growth rate of 4.76% while that of industry is 14.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 July 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.