During the last session, Bitfarms Ltd (NASDAQ:BITF)’s traded shares were 32.29 million, with the beta value of the company hitting 3.68. At the end of the trading day, the stock’s price was $1.18, reflecting an intraday gain of 3.51% or $0.04. The 52-week high for the BITF share is $3.28, that puts it down -177.97 from that peak though still a striking 10.17% gain since the share price plummeted to a 52-week low of $1.06. The company’s market capitalization is $527.51M, and the average trade volume was 43.23 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 3.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.51% in intraday trading to $1.18, hitting a weekly high. The stock’s 5-day price performance is 4.42%, and it has moved by -15.71% in 30 days. Based on these gigs, the overall price performance for the year is -59.73%.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 70.5% 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 -408.47% off the target high and -94.92% off the low.
Bitfarms Ltd (BITF) estimates and forecasts
In the rating firms’ projections, revenue will increase 31.23% 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 54.22M as predicted by 7 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 84.47M 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 17.25% and then jump by 67.87% 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 46.50% in 2025.
BITF Dividends
Bitfarms Ltd is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 6.62 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 1.6492% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.01 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bitfarms Ltd (BITF) shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and VanEck ETF Trust-VanEck Digital Transformation ETF . Data provided on Dec 31, 2024 indicates that Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF owns about 5.63 shares. This amounts to just over 1.17 percent of the company’s overall shares, with a $6.64 million market value. The same data shows that the other fund manager holds slightly less at 4.96, or about 1.04% of the stock, which is worth about $5.86 million.
