In recent trading session, Bitfarms Ltd (NASDAQ:BITF) saw 7.1 million shares changing hands at last check today with its beta currently measuring 3.44. Company’s recent per share price level of $1.51 trading at $0.01 or 1.00% at last check today assigns it a market valuation of $715.84M. That most recent trading price of BITF’s stock is at a discount of -158.94% from its 52-week high price of $3.91 and is indicating a premium of 9.93% from its 52-week low price of $1.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 45.89 million shares which gives us an average trading volume of 47.46 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 1.00. Splitting up the data highlights that, out of 5 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 5 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 in the current quarter.
Bitfarms Ltd (NASDAQ:BITF) trade information
Upright in the green today for gaining 1.00%, in the last five days BITF remained trading in the red while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $1.51 price level, adding 3.79% to its value on the day. Bitfarms Ltd’s shares saw a change of 1.68% in year-to-date performance and have moved -7.06% in past 5-day. Bitfarms Ltd (NASDAQ:BITF) showed a performance of -1.62% in past 30-days. Number of shares sold short was 61.55 million shares which calculate 1.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 62.25% to its recent value today. 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 drop -52.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -52.32% 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 -41.51% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 14.10. This year revenue growth is estimated to rise 31.75% 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 56.11M for the same. And 6 analysts are in estimates of company making revenue of 83.71M in the next quarter. Company posted 46.24M and 50.32M 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.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
INVESCO LTD. is the top institutional holder at BITF for having 19.71 million shares of worth $50.66 million. And as of 2024-06-30, it was holding 5.8191 of the company’s outstanding shares.
The second largest institutional holder is TOROSO INVESTMENTS, LLC, which was holding about 6.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.9535 of outstanding shares, having a total worth of $17.01 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 Sep 30, 2024, the former fund manager was holding 6.16 shares of worth $9.33 million or 1.36% of the total outstanding shares. The later fund manager was in possession of 4.89 shares on Nov 30, 2024, making its stake of worth around $7.41 million in the company or a holder of 1.08% of company’s stock.
