Bitfarms Ltd (NASDAQ:BITF)’s traded shares stood at 5.82 million during the last session, with the company’s beta value hitting 3.92. At the close of trading, the stock’s price was $0.77, to imply a decrease of -8.79% or -$0.08 in intraday trading. The BITF share’s 52-week high remains $3.28, putting it -325.97% down since that peak but still an impressive 12.99% since price per share fell to its 52-week low of $0.67. The company has a valuation of $391.17M, with an average of 15.99 million shares in intraday trading volume over the past 10 days and average of 33.03 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bitfarms Ltd (BITF), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give BITF a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
After registering a -8.79% downside in the last session, Bitfarms Ltd (BITF) has traded red over the past five days. The 5-day price performance for the stock is -6.02%, and -32.90% over 30 days. With these gigs, the year-to-date price performance is -48.21%. Short interest in Bitfarms Ltd (NASDAQ:BITF) saw shorts transact 56.63 million shares and set a 1.73 days time to cover.
The extremes give us $3.25 and $3.25 for target low and target high price respectively. As such, BITF has been trading -322.08% off suggested target high and -322.08% from its likely low.
Bitfarms Ltd (BITF) estimates and forecasts
The rating firms project that company’s revenue will grow 81.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 67.17M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 83.25M.Earnings reports from the last fiscal year show that sales brought in 50.32M and 41.55M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.49% before jumping 100.38% in the following quarter.
BITF Dividends
Bitfarms Ltd has its next earnings report out on 2025-Mar-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Bitfarms Ltd insiders hold 18.88% of total outstanding shares, with institutional holders owning 26.07% of the shares at 32.14% float percentage. In total, 26.07% institutions holds shares in the company, led by INVESCO LTD.. As of 2024-06-30, the company held over 19.71 million shares (or 4.9128% of shares), all amounting to roughly $50.66 million.
The next major institution holding the largest number of shares is TOROSO INVESTMENTS, LLC with 6.62 million shares, or about 1.6492% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $17.01 million.
We also have Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and GLOBAL X FUNDS-Global X Blockchain ETF as the top two Mutual Funds with the largest holdings of the Bitfarms Ltd (BITF) shares. Going by data provided on Dec 31, 2024 , Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF holds roughly 5.63 shares. This is just over 1.04% of the total shares, with a market valuation of $4.34 million. Data from the same date shows that the other fund manager holds a little less at 4.22, or 0.78% of the shares, all valued at about 3.25 million.
