During the recent session, Bitfarms Ltd (NASDAQ:BITF)’s traded shares were 11.72 million, with the beta value of the company hitting 3.39. At the last check today, the stock’s price was $1.97, reflecting an intraday loss of -2.42% or -$0.05. The 52-week high for the BITF share is $3.91, that puts it down -98.48 from that peak though still a striking 22.84% gain since the share price plummeted to a 52-week low of $1.52. The company’s market capitalization is $931.39M, and the average intraday trading volume over the past 10 days was 52.16 million shares, and the average trade volume was 34.56 million shares over the past three months.

Bitfarms Ltd (BITF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BITF has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

Bitfarms Ltd (NASDAQ:BITF) trade information

Bitfarms Ltd (BITF) registered a -2.42% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.42% in intraday trading to $1.97, hitting a weekly high. The stock’s 5-day price performance is -13.92%, and it has moved by -12.97% in 30 days. Based on these gigs, the overall price performance for the year is -33.18%. The short interest in Bitfarms Ltd (NASDAQ:BITF) is 45.09 million shares and it means that shorts have 0.94 day(s) to cover.

The consensus price target of analysts on Wall Street is $4, which implies an increase of 50.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.3 and $6 respectively. As a result, BITF is trading at a discount of -204.57% off the target high and -16.75% off the low.

Bitfarms Ltd (BITF) estimates and forecasts

Statistics show that Bitfarms Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Bitfarms Ltd (BITF) shares have gone down -31.32% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 16.30. In the rating firms’ projections, revenue will increase 32.52% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 57.23M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 86.14M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 46.24M and 50.32M respectively. In this case, analysts expect current quarter sales to grow by 23.76% and then jump by 71.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.31%. While earnings are projected to return 53.21% in 2024.

BITF Dividends

Bitfarms Ltd is due to release its next quarterly earnings in January. 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

The next largest institutional holding, with 6.62 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 1.9535% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.01 million.