In last trading session, Bitfarms Ltd (NASDAQ:BITF) saw 33.29 million shares changing hands with its beta currently measuring 3.59. Company’s recent per share price level of $1.15 trading at $0.01 or 0.88% at ring of the bell on the day assigns it a market valuation of $514.10M. That closing price of BITF’s stock is at a discount of -185.22% from its 52-week high price of $3.28 and is indicating a premium of 7.83% from its 52-week low price of $1.06. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.08 million shares which gives us an average trading volume of 41.28 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 during last session for gaining 0.88%, in the last five days BITF remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $1.15 price level, adding 8.73% to its value on the day. Bitfarms Ltd’s shares saw a change of -22.82% in year-to-date performance and have moved -2.54% in past 5-day. Bitfarms Ltd (NASDAQ:BITF) showed a performance of -17.27% in past 30-days. Number of shares sold short was 59.41 million shares which calculate 1.6 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 71.25% to its current value. 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 -100.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -100.0% for stock’s current value.
Bitfarms Ltd (BITF) estimates and forecasts
This year revenue growth is estimated to rise 31.23% 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 54.22M for the same. And 4 analysts are in estimates of company making revenue of 74.07M 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
Insiders are in possession of 18.88% of company’s total shares while institution are holding 25.49 percent of that, with stock having share float percentage of 31.42%. Investors also watch the number of corporate investors in a company very closely, which is 25.49% institutions for Bitfarms Ltd that are currently holding shares of the company. 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 4.9128 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 1.6492 of outstanding shares, having a total worth of $17.01 million.
