In the last trading session, 51.91 million Bitfarms Ltd (NASDAQ:BITF) shares changed hands as the company’s beta touched 3.35. With the company’s per share price at $2.04 changed hands at -$0.11 or -5.12% during last session, the market valuation stood at $963.90M. BITF’s last price was a discount, traded about -91.67% off its 52-week high of $3.91. The share price had its 52-week low at $1.43, which suggests the last value was 29.9% up since then. When we look at Bitfarms Ltd’s average trading volume, we note the 10-day average is 54.97 million shares, with the 3-month average coming to 28.76 million.
Analysts gave the Bitfarms Ltd (BITF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BITF as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Bitfarms Ltd (NASDAQ:BITF) trade information
Instantly BITF was in red as seen at the end of in last trading. With action -3.32%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -29.90%, with the 5-day performance at -3.32% in the red. However, in the 30-day time frame, Bitfarms Ltd (NASDAQ:BITF) is 5.97% up. Looking at the short shares, we see there were 42.54 million shares sold at short interest cover period of 1.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 49.0% from its current market value. According to analyst projections, BITF’s forecast low is 2.3 with 6 as the target high. To hit the forecast high, the stock’s price needs a -194.12% plunge from its current level, while the stock would need to soar -12.75% for it to hit the projected low.
Bitfarms Ltd (BITF) estimates and forecasts
Data shows that the Bitfarms Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.45% over the past 6 months, a 4.76% in annual growth rate that is considerably lower than the industry average of 17.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.31%. The 2024 estimates are for Bitfarms Ltd earnings to increase by 53.33%.
BITF Dividends
Bitfarms Ltd is expected to release its next quarterly earnings report in January.
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 1.9535% or 6.62 million shares worth $17.01 million as of 2024-06-30.
