In today’s recent session, 4.9 million shares of the Bitfarms Ltd (NASDAQ:BITF) have been traded, and its beta is 3.55. Most recently the company’s share price was $1.43, and it changed around $0.01 or 0.70% from the last close, which brings the market valuation of the company to $706.06M. BITF at last check was trading at a discount to its 52-week high of $3.91, offering almost -173.43% off that amount. The share price’s 52-week low was $1.31, which indicates that the recent value has risen by an impressive 8.39% since then. We note from Bitfarms Ltd’s average daily trading volume that its 10-day average is 43.96 million shares, with the 3-month average coming to 48.15 million.
Bitfarms Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended BITF as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Bitfarms Ltd (NASDAQ:BITF) trade information
Instantly BITF has been showing a green trend so far today with a performance of 0.70% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5050 on recent trading dayincreased the stock’s daily price by 4.98%. The company’s shares are currently down -4.03% year-to-date, but still up 2.14% over the last five days. On the other hand, Bitfarms Ltd (NASDAQ:BITF) is -11.73% down in the 30-day period. We can see from the shorts that 61.55 million shares have been sold at a short interest cover period of 1.39 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 64.25% from its current value. Analyst projections state that BITF is forecast to be at a low of $2.3 and a high of $6.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
TOROSO INVESTMENTS, LLC, with 1.9535% or 6.62 million shares worth $17.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 6.16 shares worth $8.71 million, making up 1.36% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held roughly 4.89 shares worth around $6.92 million, which represents about 1.08% of the total shares outstanding.
