Bitfarms Ltd. (NASDAQ: BITF) on Monday, soared 12.63% from the previous trading day, before settling in for the closing price of $1.90. Within the past 52 weeks, BITF’s price has moved between $1.01 and $3.91.
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A company in the Financial sector has jumped its sales by 75.63% annually for the last half of the decade. The company achieved an average annual earnings per share of 39.00%. With a float of $347.62 million, this company’s outstanding shares have now reached $453.51 million.
In an organization with 170 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Bitfarms Ltd. is 23.35%, while institutional ownership is 21.75%. The most recent insider transaction that took place on Oct 15 ’24, was worth 939,150. Before that another transaction happened on Oct 07 ’24, when Company’s Former Director proposed sale 600,000 for $1.93, making the entire transaction worth $1,158,717.
Bitfarms Ltd. (BITF) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.07 earnings per share (EPS) for the period falling under the consensus outlook (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 39.00% per share during the next fiscal year.
Bitfarms Ltd. (NASDAQ: BITF) Trading Performance Indicators
Bitfarms Ltd. (BITF) is currently performing well based on its current performance indicators. A quick ratio of 5.09 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of Bitfarms Ltd. (BITF)
Let’s dig in a bit further. During the last 5-days, its volume was 27.39 million. That was better than the volume of 22.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.97%. Additionally, its Average True Range was 0.14.
During the past 100 days, Bitfarms Ltd.’s (BITF) raw stochastic average was set at 30.06%, which indicates a significant decrease from 91.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.47% in the past 14 days, which was lower than the 85.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0500, while its 200-day Moving Average is $2.2900. However, in the short run, Bitfarms Ltd.’s stock first resistance to watch stands at $2.2200. Second resistance stands at $2.3000. The third major resistance level sits at $2.4300. If the price goes on to break the first support level at $2.0100, it is likely to go to the next support level at $1.8900. Assuming the price breaks the second support level, the third support level stands at $1.8100.
Bitfarms Ltd. (NASDAQ: BITF) Key Stats
Market capitalization of the company is 970.51 million based on 409,307K outstanding shares. Right now, sales total 146,370 K and income totals -104,040 K. The company made 41,550 K in profit during its latest quarter, and -26,600 K in sales during its previous quarter.
