A new trading day began on Monday, with Bitfarms Ltd (NASDAQ: BITF) stock price up 17.86% from the previous day of trading, before settling in for the closing price of $2.24. BITF’s price has 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. Meanwhile, its annual earnings per share averaged 53.33%. With a float of $362.99 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Bitfarms Ltd is 19.96%, while institutional ownership is 22.53%. The most recent insider transaction that took place on Nov 07 ’24, was worth 217,120. Before that another transaction happened on Oct 15 ’24, when Company’s Former Director proposed sale 500,000 for $1.88, making the entire transaction worth $939,150.
Bitfarms Ltd (BITF) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 53.33% per share during the next fiscal year.
Bitfarms Ltd (NASDAQ: BITF) Trading Performance Indicators
Here are Bitfarms Ltd’s current performance indicators. According to the last quarter’s results, the 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 9.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach 0.12 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 44.03 million. That was better than the volume of 22.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.09%. Additionally, its Average True Range was 0.18.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 66.09%, which indicates a significant decrease from 94.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 132.39% in the past 14 days, which was higher than the 91.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.01, while its 200-day Moving Average is $2.29. However, in the short run, Bitfarms Ltd’s stock first resistance to watch stands at $2.73. Second resistance stands at $2.83. The third major resistance level sits at $2.96. If the price goes on to break the first support level at $2.50, it is likely to go to the next support level at $2.37. The third support level lies at $2.27 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
With a market capitalization of 1.67 billion, the company has a total of 452,819K Shares Outstanding. Currently, annual sales are 146,370 K while annual income is -104,040 K. The company’s previous quarter sales were 41,550 K while its latest quarter income was -26,600 K.
