In the last trading session, 8.9 million shares of the Bitfarms Ltd (NASDAQ:BITF) were traded, and its beta was 4.00. Most recently the company’s share price was $0.98, and it changed around $0.01 or 1.42% from the last close, which brings the market valuation of the company to $497.62M. BITF currently trades at a discount to its 52-week high of $3.28, offering almost -234.69% off that amount. The share price’s 52-week low was $0.67, which indicates that the current value has risen by an impressive 31.63% since then.
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 (NASDAQ:BITF) trade information
Instantly BITF has showed a green trend with a performance of 1.42% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0600 on recent trading dayincreased the stock’s daily price by 7.55%. The company’s shares are currently down -34.11% year-to-date, but still down -1.59% over the last five days. On the other hand, Bitfarms Ltd (NASDAQ:BITF) is 27.79% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 69.85% 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.
BITF Dividends
Bitfarms Ltd’s next quarterly earnings report is expected to be released in June.
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 $5.53 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 $4.14 million, which represents about 0.78% of the total shares outstanding.
