In the last trading session, 17.16 million Bitfarms Ltd (NASDAQ:BITF) shares changed hands as the company’s beta touched 3.93. With the company’s per share price at $1.15 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $639.35M. BITF’s last price was a discount, traded about -185.22% off its 52-week high of $3.28. The share price had its 52-week low at $0.67, which suggests the last value was 41.74% up since then.
Analysts gave the Bitfarms Ltd (BITF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BITF as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Bitfarms Ltd’s EPS for the current quarter is expected to be 0.
Bitfarms Ltd (NASDAQ:BITF) trade information
The company’s shares are showing year-to-date downside of -22.82%, with the 5-day performance at 5.50% in the green. However, in the 30-day time frame, Bitfarms Ltd (NASDAQ:BITF) is 37.61% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3.25, meaning bulls need an upside of 64.62% from its current market value. According to analyst projections, BITF’s forecast low is 3.25 with 3.25 as the target high. To hit the forecast high, the stock’s price needs a -182.61% plunge from its current level, while the stock would need to soar -182.61% for it to hit the projected low.
Bitfarms Ltd (BITF) estimates and forecasts
Year-over-year growth is forecast to reach 70.38% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 79.8M. 5 analysts are of the opinion that Bitfarms Ltd’s revenue for the current quarter will be 88.96M. The company’s revenue for the corresponding quarters a year ago was 41.55M and 44.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 92.07%. The estimates for the next quarter sales put growth at 98.34%.
The 2025 estimates are for Bitfarms Ltd earnings to increase by 35.90%.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 1.6492% or 6.62 million shares worth $17.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and GLOBAL X FUNDS-Global X Blockchain ETF. With 5.63 shares estimated at $6.47 million under it, the former controlled 1.04% of total outstanding shares. On the other hand, GLOBAL X FUNDS-Global X Blockchain ETF held about 0.77% of the shares, roughly 4.17 shares worth around $4.79 million.
