During the last session, Bitfarms Ltd (NASDAQ:BITF)’s traded shares were 21.96 million, with the beta value of the company hitting 3.80. At the end of the trading day, the stock’s price was $1.07, reflecting an intraday gain of 3.88% or $0.04. The 52-week high for the BITF share is $3.15, that puts it down -194.39 from that peak though still a striking 37.38% gain since the share price plummeted to a 52-week low of $0.67. The company’s market capitalization is $594.88M, and the average intraday trading volume over the past 10 days was 23.01 million shares, and the average trade volume was 16.18 million shares over the past three months.
Bitfarms Ltd (BITF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. BITF has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
Bitfarms Ltd (NASDAQ:BITF) trade information
Bitfarms Ltd (BITF) registered a 3.88% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.88% in intraday trading to $1.07, hitting a weekly high. The stock’s 5-day price performance is 5.94%, and it has moved by 15.83% in 30 days. Based on these gigs, the overall price performance for the year is -28.19%. The short interest in Bitfarms Ltd (NASDAQ:BITF) is 44.07 million shares and it means that shorts have 2.14 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.25, which implies an increase of 67.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.25 and $3.25 respectively. As a result, BITF is trading at a discount of -203.74% off the target high and -203.74% off the low.
While earnings are projected to return 43.96% in 2025.
BITF Dividends
Bitfarms Ltd is due to release its next quarterly earnings on 2025-May-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Bitfarms Ltd insiders own 13.55% of total outstanding shares while institutional holders control 22.03%, with the float percentage being 25.48%. INVESCO LTD. is the largest shareholder of the company, while 200.0 institutions own stock in it. As of 2024-06-30, the company held over 19.71 million shares (or 4.9128% of all shares), a total value of $50.66 million in shares.
The next largest institutional holding, with 6.62 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 1.6492% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.01 million.
