Bitfarms Ltd (NASDAQ: BITF) kicked off on Monday, down -2.84% from the previous trading day, before settling in for the closing price of $2.11. Over the past 52 weeks, BITF has traded in a range of $1.01-$3.91.
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Annual sales at Financial sector company grew by 75.63% over the past five years. While this was happening, its average annual earnings per share was recorded 52.92%. With a float of $378.19 million, this company’s outstanding shares have now reached $472.50 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
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 19.96%, while institutional ownership is 19.46%. 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
Take a look at Bitfarms Ltd’s (BITF) current performance indicators. Last quarter, stock had a quick ratio of 3.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.64.
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 63.39 million, a positive change from its year-to-date volume of 24.32 million. As of the previous 9 days, the stock’s Stochastic %D was 12.19%. Additionally, its Average True Range was 0.22.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 26.70%, which indicates a significant increase from 11.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 135.92% in the past 14 days, which was higher than the 94.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.06, while its 200-day Moving Average is $2.28. Nevertheless, the first resistance level for the watch stands at $2.14 in the near term. At $2.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.29. If the price goes on to break the first support level at $1.99, it is likely to go to the next support level at $1.93. The third support level lies at $1.84 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
The company with the Market Capitalisation of 1.40 billion has total of 452,935K 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 44,850 K and last quarter income was -36,650 K.
