On Monday, Bitfarms Ltd (NASDAQ: BITF) was -5.12% drop from the session before settling in for the closing price of $2.15. A 52-week range for BITF has been $1.43 – $3.91.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 75.63%. When this article was written, the company’s average yearly earnings per share was at 53.33%. With a float of $378.19 million, this company’s outstanding shares have now reached $452.94 million.
The extent of productivity of a business whose workforce counts for 170 workers is very important to gauge. 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 Updates
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 19.55%. 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) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.04 earnings per share (EPS) during the time that was less than consensus figure (set at -0.02) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
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
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 5.27.
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 0.10 in one year’s time.
Technical Analysis of Bitfarms Ltd (BITF)
The latest stats from [Bitfarms Ltd, BITF] show that its last 5-days average volume of 49.81 million was superior to 24.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.44%. Additionally, its Average True Range was 0.21.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 26.03%, which indicates a significant increase from 12.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.49% in the past 14 days, which was higher than the 95.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.07, while its 200-day Moving Average is $2.26. Now, the first resistance to watch is $2.15. This is followed by the second major resistance level at $2.27. The third major resistance level sits at $2.34. If the price goes on to break the first support level at $1.96, it is likely to go to the next support level at $1.89. Assuming the price breaks the second support level, the third support level stands at $1.77.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are 452,935K outstanding shares of the company, which has a market capitalization of 963.90 million. As of now, sales total 146,370 K while income totals -104,040 K. Its latest quarter income was 44,850 K while its last quarter net income were -36,650 K.
