Bitfarms Ltd (NASDAQ:BITF) has a beta value of 3.39 and has seen 27.7 million shares traded in the recent trading session. The company, currently valued at $978.07M, closed the recent trade at $2.07 per share which meant it gained $0.14 on the day or 7.25% during that session. The BITF stock price is -88.89% off its 52-week high price of $3.91 and 26.57% above the 52-week low of $1.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 53.25 million shares traded. The 3-month trading volume is 34.95 million shares.
The consensus among analysts is that Bitfarms Ltd (BITF) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
Sporting 7.25% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BITF stock price touched $2.07 or saw a rise of 4.17%. Year-to-date, Bitfarms Ltd shares have moved -28.87%, while the 5-day performance has seen it change -3.27%. Over the past 30 days, the shares of Bitfarms Ltd (NASDAQ:BITF) have changed -1.90%. Short interest in the company has seen 45.09 million shares shorted with days to cover at 0.94.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 48.25% from the levels at last check today. The projected low price target is $2.3 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -189.86% off the targeted high while a plunge would see the stock gain -11.11% from the levels at last check today.
Bitfarms Ltd (BITF) estimates and forecasts
Figures show that Bitfarms Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -34.08% over the past 6 months, with this year growth rate of 0.00%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 32.52%.
7 analysts offering their estimates for the company have set an average revenue estimate of 57.23M for the current quarter. 6 have an estimated revenue figure of 86.14M for the next ending quarter. Year-ago sales stood 46.24M and 50.32M respectively for this quarter and the next, and analysts expect sales will grow by 23.76% for the current quarter and 32.52% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.31% over the past 5 years.
BITF Dividends
Bitfarms Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
The top two institutional holders are INVESCO LTD. with over 19.71 million shares worth more than $50.66 million. As of 2024-06-30, INVESCO LTD. held 5.8191% of shares outstanding.
The other major institutional holder is TOROSO INVESTMENTS, LLC, with the holding of over 6.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.01 million and represent 1.9535% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. As of Sep 30, 2024, the former fund manager holds about 1.36% shares in the company for having 6.16 shares of worth $12.9 million while later fund manager owns 4.92 shares of worth $10.3 million as of Sep 30, 2024, which makes it owner of about 1.09% of company’s outstanding stock.
