Bitfarms Ltd. (NASDAQ: BITF) kicked off on Monday, down -6.22% from the previous trading day, before settling in for the closing price of $2.25. Over the past 52 weeks, BITF has traded in a range of $0.92-$3.91.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 75.63%. While this was happening, its average annual earnings per share was recorded 41.00%. With a float of $347.62 million, this company’s outstanding shares have now reached $453.51 million.
The extent of productivity of a business whose workforce counts for 170 workers is very important to gauge.
Bitfarms Ltd. (BITF) Insider Updates
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 23.35%, while institutional ownership is 21.57%. The most recent insider transaction that took place on Sep 24 ’24, was worth 827,440.
Bitfarms Ltd. (BITF) Performance Highlights and Predictions
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 -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.00% 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 5.54.
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 0.03 in one year’s time.
Technical Analysis of Bitfarms Ltd. (BITF)
The latest stats from [Bitfarms Ltd., BITF] show that its last 5-days average volume of 16.51 million was inferior to 22.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 70.71%. Additionally, its Average True Range was 0.14.
During the past 100 days, Bitfarms Ltd.’s (BITF) raw stochastic average was set at 33.52%, which indicates a significant decrease from 54.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.94% in the past 14 days, which was lower than the 86.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.22, while its 200-day Moving Average is $2.39. Now, the first resistance to watch is $2.17. This is followed by the second major resistance level at $2.23. The third major resistance level sits at $2.28. If the price goes on to break the first support level at $2.07, it is likely to go to the next support level at $2.02. Assuming the price breaks the second support level, the third support level stands at $1.96.
Bitfarms Ltd. (NASDAQ: BITF) Key Stats
The company with the Market Capitalisation of 956.91 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.
