Bitfarms Ltd. (NASDAQ: BITF) kicked off on Monday, down -2.46% from the previous trading day, before settling in for the closing price of $2.44. Over the past 52 weeks, BITF has traded in a range of $0.92-$3.91.
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Annual sales at Financial sector company grew by 75.63% over the past five years. While this was happening, its average annual earnings per share was recorded 44.58%. With a float of $293.00 million, this company’s outstanding shares have now reached $334.15 million.
Let’s look at the performance matrix of the company that is accounted for 170 employees. In terms of profitability, gross margin is -16.67%, operating margin of -46.79%, and the pretax margin is -65.92%.
Bitfarms Ltd. (BITF) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Bitfarms Ltd. is 26.49%, while institutional ownership is 24.38%.
Bitfarms Ltd. (BITF) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.07 earnings per share (EPS), lower than consensus estimate (set at -0.04) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.58% per share during the next fiscal year.
Bitfarms Ltd. (NASDAQ: BITF) Trading Performance Indicators
Take a look at Bitfarms Ltd.’s (BITF) current performance indicators. Last quarter, stock had a quick ratio of 5.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach 0.07 in one year’s time.
Technical Analysis of Bitfarms Ltd. (BITF)
Bitfarms Ltd. (NASDAQ: BITF) saw its 5-day average volume 16.15 million, a negative change from its year-to-date volume of 23.17 million. As of the previous 9 days, the stock’s Stochastic %D was 60.61%. Additionally, its Average True Range was 0.20.
During the past 100 days, Bitfarms Ltd.’s (BITF) raw stochastic average was set at 48.86%, which indicates a significant decrease from 82.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.61% in the past 14 days, which was higher than the 84.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.55, while its 200-day Moving Average is $2.33. Nevertheless, the first resistance level for the watch stands at $2.43 in the near term. At $2.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.53. If the price goes on to break the first support level at $2.33, it is likely to go to the next support level at $2.29. The third support level lies at $2.24 if the price breaches the second support level.
Bitfarms Ltd. (NASDAQ: BITF) Key Stats
The company with the Market Capitalisation of 948.64 million has total of 409,307K Shares Outstanding. Its annual sales at the moment are 146,370 K in contrast with the sum of -104,040 K annual income. Company’s last quarter sales were recorded 41,550 K and last quarter income was -26,600 K.
