On Monday, Bitfarms Ltd (NASDAQ: BITF) was -4.00% drop from the session before settling in for the closing price of $2.25. A 52-week range for BITF has been $1.01 – $3.91.
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Annual sales at Financial sector company grew by 75.63% over the past five years. When this article was written, the company’s average yearly earnings per share was at 52.92%. With a float of $362.99 million, this company’s outstanding shares have now reached $453.51 million.
Let’s look at the performance matrix of the company that is accounted for 170 employees. In terms of profitability, gross margin is -17.33%, operating margin of -57.9%, and the pretax margin is -72.21%.
Bitfarms Ltd (BITF) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bitfarms Ltd stocks. The insider ownership of Bitfarms Ltd is 19.96%, while institutional ownership is 20.28%. 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 52.92% per share during the next fiscal year.
Bitfarms Ltd (NASDAQ: BITF) Trading Performance Indicators
You can see what Bitfarms Ltd (BITF) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.08 in one year’s time.
Technical Analysis of Bitfarms Ltd (BITF)
Bitfarms Ltd (NASDAQ: BITF) saw its 5-day average volume 48.91 million, a positive change from its year-to-date volume of 23.44 million. As of the previous 9 days, the stock’s Stochastic %D was 37.38%. Additionally, its Average True Range was 0.22.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 34.05%, which indicates a significant decrease from 42.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 146.55% in the past 14 days, which was higher than the 94.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.05, while its 200-day Moving Average is $2.29. Nevertheless, the first resistance level for the watch stands at $2.30 in the near term. At $2.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.55. If the price goes on to break the first support level at $2.05, it is likely to go to the next support level at $1.93. The third support level lies at $1.80 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are 452,935K outstanding shares of the company, which has a market capitalization of 1.47 billion. As of now, sales total 146,370 K while income totals -104,040 K. Its latest quarter income was 41,550 K while its last quarter net income were -26,600 K.
