In last trading session, Bitfarms Ltd. (NASDAQ:BITF) saw 12.45 million shares changing hands with its beta currently measuring 3.33. Company’s recent per share price level of $2.51 trading at -$0.02 or -0.79% at ring of the bell on the day assigns it a market valuation of $998.47M. That closing price of BITF’s stock is at a discount of -55.78% from its 52-week high price of $3.91 and is indicating a premium of 63.35% from its 52-week low price of $0.92. Taking a look at company’s average trading volume volume of 20.90 million if we extend that period to 3-months.
For Bitfarms Ltd. (BITF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.1 in the current quarter.
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Bitfarms Ltd. (NASDAQ:BITF) trade information
Upright in the red during last session for losing -0.79%, in the last five days BITF remained trading in the red while hitting it’s week-highest on Thursday, 06/27/24 when the stock touched $2.51 price level, adding 9.39% to its value on the day. Bitfarms Ltd.’s shares saw a change of -13.92% in year-to-date performance and have moved -5.47% in past 5-day. Bitfarms Ltd. (NASDAQ:BITF) showed a performance of 7.51% in past 30-days.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 37.25% to its current value. Analysts have been projecting 2.3 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would jump 8.37% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.37% for stock’s current value.
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 -11.80% of value to its shares in past 6 months, showing an annual growth rate of 4.76% while that of industry is 14.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 75.60% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 47.95M for the same. And 7 analysts are in estimates of company making revenue of 68.71M in the next quarter. Company posted 34.1M and 34.6M 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 August 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.
Bitfarms Ltd. (NASDAQ:BITF)’s Major holders
Insiders are in possession of 18.83% of company’s total shares while institution are holding 20.01 percent of that, with stock having share float percentage of 24.65%. Investors also watch the number of corporate investors in a company very closely, which is 20.01% institutions for Bitfarms Ltd. that are currently holding shares of the company. Invesco Ltd. is the top institutional holder at BITF for having 13.86 shares of worth $34.8 million. And as of Mar 31, 2024, it was holding 3.39% of the company’s outstanding shares.
The second largest institutional holder is Arrowstreet Capital, Limited Partnership, which was holding about 7.48 shares on Mar 31, 2024. The number of shares represents firm’s hold over 1.83% of outstanding shares, having a total worth of $18.78 million.
On the other hand, Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 6.94 shares of worth $17.43 million or 1.70% of the total outstanding shares. The later fund manager was in possession of 4.11 shares on May 31, 2024, making its stake of worth around $10.32 million in the company or a holder of 1.00% of company’s stock.
