During the last session, Bitfarms Ltd (NASDAQ:BITF)’s traded shares were 29.77 million, with the beta value of the company hitting 3.70. At the end of the trading day, the stock’s price was $0.99, reflecting an intraday loss of -6.87% or -$0.07. The company’s market capitalization is $441.32M, and the average intraday trading volume over the past 10 days was 25.54 million shares, and the average trade volume was 37.16 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 -6.87% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.87% in intraday trading to $0.99, hitting a weekly high. The stock’s 5-day price performance is -8.59%, and it has moved by -12.64% in 30 days. Based on these gigs, the overall price performance for the year is -57.26%. The short interest in Bitfarms Ltd (NASDAQ:BITF) is 56.63 million shares and it means that shorts have 1.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 75.25% 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 -506.06% off the target high and -132.32% 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 4 analyst(s) estimates revenue growth to 74.07M 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 47.21% 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 on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Bitfarms Ltd insiders own 18.88% of total outstanding shares while institutional holders control 25.61%, with the float percentage being 31.57%. INVESCO LTD. is the largest shareholder of the company, while 202.0 institutions own stock in it. As of 2024-06-30, the company held over 19.71 million shares (or 4.9128% of all shares), a total value of $50.66 million in shares.
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 VanEck Digital Transformation ETF and Valkyrie Bitcoin Miners ETF . Data provided on Feb 28, 2025 indicates that VanEck Digital Transformation ETF owns about 5.75 shares. This amounts to just over 1.20 percent of the company’s overall shares, with a $5.68 million market value. The same data shows that the other fund manager holds slightly less at 5.63, or about 1.17% of the stock, which is worth about $5.56 million.
