Bitfarms Ltd (NASDAQ:BITF) has a beta value of 3.74 and has seen 31.13 million shares traded in the last trading session. The company, currently valued at $352.36M, closed the last trade at $0.79 per share which meant it lost -$0.05 on the day or -6.47% during that session. The BITF stock price is -315.19% off its 52-week high price of $3.28 and -3.8% 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 24.99 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 -6.47% in the red in last session, 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 $0.79 or saw a rise of 28.83%. Year-to-date, Bitfarms Ltd shares have moved -47.10%, while the 5-day performance has seen it change -28.35%. Over the past 30 days, the shares of Bitfarms Ltd (NASDAQ:BITF) have changed -32.05%. 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 80.25% from current levels. 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 current price level is -659.49% off the targeted high while a plunge would see the stock gain -191.14% from current levels.
Bitfarms Ltd (BITF) estimates and forecasts
The company’s shares have lost -64.17% 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 $4.53 million while later fund manager owns 5.63 shares of worth $4.44 million as of Dec 31, 2024 , which makes it owner of about 1.17% of company’s outstanding stock.
