In the latest trading session, 4.88 million Bitfarms Ltd (NASDAQ:BITF) shares changed hands as the company’s beta touched 3.57. With the company’s most recent per share price at $1.14 changed hands at -$0.1 or -7.66% at last look, the market valuation stands at $511.86M. BITF’s current price is a discount, trading about -242.98% off its 52-week high of $3.91. The share price had its 52-week low at $1.23, which suggests the last value was -7.89% down since then.
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’s EPS for the current quarter is expected to be 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
Instantly BITF was in red as seen in intraday trades today. With action -18.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.15%, with the 5-day performance at -18.21% in the red. However, in the 30-day time frame, Bitfarms Ltd (NASDAQ:BITF) is -29.75% down.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 71.5% from its recent 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 -426.32% plunge from its current level, while the stock would need to soar -101.75% for it to hit the projected low.
Bitfarms Ltd (BITF) estimates and forecasts
Year-over-year growth is forecast to reach 31.23% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 54.22M. 5 analysts are of the opinion that Bitfarms Ltd’s revenue for the current quarter will be 84.47M. The company’s revenue for the corresponding quarters a year ago was 46.24M and 50.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.25%. The estimates for the next quarter sales put growth at 67.87%.
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 2025 estimates are for Bitfarms Ltd earnings to increase by 46.50%.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 1.6492% or 6.62 million shares worth $17.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify Transformational Data Sharing ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. With 6.16 shares estimated at $6.99 million under it, the former controlled 1.28% of total outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF held about 1.02% of the shares, roughly 4.89 shares worth around $5.55 million.
