In the last trading session, 7.03 million shares of the Bitfarms Ltd (NASDAQ:BITF) were traded, and its beta was 3.86. Most recently the company’s share price was $0.80, and it changed around $0.03 or 3.38% from the last close, which brings the market valuation of the company to $404.40M. BITF currently trades at a discount to its 52-week high of $3.28, offering almost -310.0% off that amount. The share price’s 52-week low was $0.67, which indicates that the current value has risen by an impressive 16.25% since then. We note from Bitfarms Ltd’s average daily trading volume that its 10-day average is 13.92 million shares, with the 3-month average coming to 32.43 million.
Bitfarms Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended BITF as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Bitfarms Ltd is expected to report earnings per share of 0 for the current quarter.
Bitfarms Ltd (NASDAQ:BITF) trade information
Instantly BITF has showed a green trend with a performance of 3.38% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8800 on recent trading dayincreased the stock’s daily price by 9.09%. The company’s shares are currently down -46.46% year-to-date, but still up 3.85% over the last five days. On the other hand, Bitfarms Ltd (NASDAQ:BITF) is -26.81% down in the 30-day period. We can see from the shorts that 57.65 million shares have been sold at a short interest cover period of 1.98 day(s).
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 75.38% from its current value. Analyst projections state that BITF is forecast to be at a low of $3.25 and a high of $3.25.
Bitfarms Ltd (BITF) estimates and forecasts
The year-over-year growth rate is expected to be 81.20%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 67.17M in revenue for the current quarter. 5 analysts expect Bitfarms Ltd to make 83.25M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 50.32M and 41.55M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 33.49%. Forecasts for the next quarter put sales growth at 100.38%.
BITF Dividends
Bitfarms Ltd’s next quarterly earnings report is expected to be released on 2025-Mar-26.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.78% of Bitfarms Ltd shares, and 23.95% of them are in the hands of institutional investors. The stock currently has a share float of 28.78%. Bitfarms Ltd stock is held by 203.0 institutions, with INVESCO LTD. being the largest institutional investor. By 2024-06-30, it held 4.9128% of the shares, which is about 19.71 million shares worth $50.66 million.
TOROSO INVESTMENTS, LLC, with 1.6492% or 6.62 million shares worth $17.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and GLOBAL X FUNDS-Global X Blockchain ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.63 shares worth $4.49 million, making up 1.04% of all outstanding shares. On the other hand, GLOBAL X FUNDS-Global X Blockchain ETF held roughly 4.22 shares worth around $3.36 million, which represents about 0.78% of the total shares outstanding.
