Bitfarms Ltd (NASDAQ:BITF) has a beta value of 3.74 and has seen 5.93 million shares traded in the recent trading session. The company, currently valued at $362.10M, closed the recent trade at $0.81 per share which meant it lost -$0.03 on the day or -3.88% during that session. The BITF stock price is -304.94% off its 52-week high price of $3.28 and -1.23% below the 52-week low of $0.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.27 million shares traded. The 3-month trading volume is 36.57 million shares.
The consensus among analysts is that Bitfarms Ltd (BITF) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
Sporting -3.88% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BITF stock price touched $0.81 or saw a rise of 27.03%. Year-to-date, Bitfarms Ltd shares have moved -45.64%, while the 5-day performance has seen it change -26.36%. Over the past 30 days, the shares of Bitfarms Ltd (NASDAQ:BITF) have changed -30.17%. Short interest in the company has seen 56.63 million shares shorted with days to cover at 1.73.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 79.75% from the levels at last check today.. The projected low price target is $2.3 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -640.74% off the targeted high while a plunge would see the stock gain -183.95% from the levels at last check today..
Bitfarms Ltd (BITF) estimates and forecasts
The company’s shares have lost -63.18% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 78.72%.
5 analysts offering their estimates for the company have set an average revenue estimate of 65.46M for the current quarter. 5 have an estimated revenue figure of 81.16M for the next ending quarter. Year-ago sales stood 50.32M and 41.55M respectively for this quarter and the next, and analysts expect sales will grow by 30.09% for the current quarter and 78.72% for the next.
BITF Dividends
Bitfarms Ltd is expected to release its next earnings report on 2025-Mar-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Insiders own 18.88% of the company shares, while shares held by institutions stand at 25.61% with a share float percentage of 31.57%. Investors are also buoyed by the number of investors in a company, with Bitfarms Ltd having a total of 202.0 institutions that hold shares in the company. The top two institutional holders are INVESCO LTD. with over 19.71 million shares worth more than $50.66 million. As of 2024-06-30, INVESCO LTD. held 4.9128% of shares outstanding.
The other major institutional holder is TOROSO INVESTMENTS, LLC, with the holding of over 6.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.01 million and represent 1.6492% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Digital Transformation ETF and Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF . As of Feb 28, 2025 , the former fund manager holds about 1.20% shares in the company for having 5.75 shares of worth $4.57 million while later fund manager owns 5.63 shares of worth $4.47 million as of Dec 31, 2024 , which makes it owner of about 1.17% of company’s outstanding stock.
