In today’s recent session, 12.79 million shares of the Bitfarms Ltd (NASDAQ:BITF) have been traded, and its beta is 3.80. Most recently the company’s share price was $1.02, and it changed around $0.0 or -0.01% from the last close, which brings the market valuation of the company to $567.02M. BITF at last check was trading at a discount to its 52-week high of $3.15, offering almost -208.82% off that amount. The share price’s 52-week low was $0.67, which indicates that the recent value has risen by an impressive 34.31% since then. We note from Bitfarms Ltd’s average daily trading volume that its 10-day average is 17.84 million shares, with the 3-month average coming to 15.60 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 been showing red trend so far today with a performance of -0.01% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0700 on recent trading dayincreased the stock’s daily price by 4.67%. The company’s shares are currently down -59.61% year-to-date, but still up 36.68% over the last five days. On the other hand, Bitfarms Ltd (NASDAQ:BITF) is 9.44% up in the 30-day period. We can see from the shorts that 44.07 million shares have been sold at a short interest cover period of 2.14 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 68.62% 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 70.38%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 79.8M in revenue for the current quarter. 5 analysts expect Bitfarms Ltd to make 88.96M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 41.55M and 44.85M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 92.07%. Forecasts for the next quarter put sales growth at 98.34%.
BITF Dividends
Bitfarms Ltd’s next quarterly earnings report is expected to be released on 2025-May-14.
Bitfarms Ltd (NASDAQ:BITF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.55% of Bitfarms Ltd shares, and 22.03% of them are in the hands of institutional investors. The stock currently has a share float of 25.48%. Bitfarms Ltd stock is held by 200.0 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 VanEck ETF Trust-VanEck Digital Transformation ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 5.84 shares worth $6.02 million, making up 1.05% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Digital Transformation ETF held roughly 4.6 shares worth around $4.74 million, which represents about 0.83% of the total shares outstanding.
