On Monday, Bitfarms Ltd (NASDAQ: BITF) opened lower -6.99% from the last session, before settling in for the closing price of $1.86. Price fluctuations for BITF have ranged from $1.01 to $3.91 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 39.00% at the time writing. With a float of $347.40 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of Bitfarms Ltd is 23.40%, while institutional ownership is 22.59%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.07 earnings per share (EPS) for the quarter, coming under the agreed prediction (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
Check out the current performance indicators for Bitfarms Ltd (BITF). In the past quarter, the stock posted a quick ratio of 5.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.11.
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 36.45 million. That was better than the volume of 22.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.12%. Additionally, its Average True Range was 0.15.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 4.91%, which indicates a significant increase from 3.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.56% in the past 14 days, which was higher than the 87.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0108, while its 200-day Moving Average is $2.2865. However, in the short run, Bitfarms Ltd’s stock first resistance to watch stands at $1.8033. Second resistance stands at $1.8767. The third major resistance level sits at $1.9233. If the price goes on to break the first support level at $1.6833, it is likely to go to the next support level at $1.6367. The third support level lies at $1.5633 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are currently 452,819K shares outstanding in the company with a market cap of 1.06 billion. Presently, the company’s annual sales total 146,370 K according to its annual income of -104,040 K. Last quarter, the company’s sales amounted to 41,550 K and its income totaled -26,600 K.
