Bitfarms Ltd (NASDAQ:BITF) has a beta value of 3.82 and has seen 5.68 million shares traded in the last trading session. The company, currently valued at $423.62M, closed the last trade at $0.84 per share which meant it gained $0.01 on the day or 1.03% during that session. The BITF stock price is -290.48% off its 52-week high price of $3.28 and 20.24% above the 52-week low of $0.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.65 million shares traded. The 3-month trading volume is 30.59 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 1.03% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BITF stock price touched $0.84 or saw a rise of 1.18%. Year-to-date, Bitfarms Ltd shares have moved -43.91%, while the 5-day performance has seen it change 8.29%. Over the past 30 days, the shares of Bitfarms Ltd (NASDAQ:BITF) have changed -22.62%. Short interest in the company has seen 57.65 million shares shorted with days to cover at 1.98.
Wall Street analysts have a consensus price target for the stock at $3.25, which means that the shares’ value could jump 74.15% from current levels. The projected low price target is $3.25 while the price target rests at a high of $3.25. In that case, then, we find that the current price level is -286.9% off the targeted high while a plunge would see the stock gain -286.9% from current levels.
Bitfarms Ltd (BITF) estimates and forecasts
The company’s shares have lost -54.83% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 81.20%.
5 analysts offering their estimates for the company have set an average revenue estimate of 67.17M for the current quarter. 5 have an estimated revenue figure of 83.25M 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 33.49% for the current quarter and 81.20% 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 16.78% of the company shares, while shares held by institutions stand at 24.01% with a share float percentage of 28.85%. Investors are also buoyed by the number of investors in a company, with Bitfarms Ltd having a total of 205.0 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 Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and GLOBAL X FUNDS-Global X Blockchain ETF . As of Dec 31, 2024 , the former fund manager holds about 1.04% shares in the company for having 5.63 shares of worth $4.7 million while later fund manager owns 4.22 shares of worth $3.52 million as of Mar 31, 2025 , which makes it owner of about 0.78% of company’s outstanding stock.
