Bitfarms Ltd (NASDAQ: BITF) on Monday, plunged -6.55% from the previous trading day, before settling in for the closing price of $2.29. Within the past 52 weeks, BITF’s price has moved between $1.52 and $3.91.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 75.63%. The company achieved an average annual earnings per share of 53.21%. With a float of $378.19 million, this company’s outstanding shares have now reached $452.94 million.
Considering the fact that the conglomerate employs 170 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -17.33%, operating margin of -57.9%, and the pretax margin is -72.21%.
Bitfarms Ltd (BITF) Breakdown of a Key Holders of the stock
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Bitfarms Ltd is 19.96%, while institutional ownership is 19.73%. 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) Recent Fiscal highlights
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 53.21% per share during the next fiscal year.
Bitfarms Ltd (NASDAQ: BITF) Trading Performance Indicators
Bitfarms Ltd (BITF) is currently performing well based on its current performance indicators. A quick ratio of 3.68 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.53.
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 0.11 in one year’s time.
Technical Analysis of Bitfarms Ltd (BITF)
Compared to the last year’s volume of 25.34 million, its volume of 54.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 54.44%. Additionally, its Average True Range was 0.21.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 38.89%, which indicates a significant decrease from 47.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.99% in the past 14 days, which was lower than the 94.83% 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 $2.23. Nevertheless, the first resistance level for the watch stands at $2.29 in the near term. At $2.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.53. 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 $1.96. Now, if the price goes above the second support level, the third support stands at $1.81.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
Market capitalization of the company is 1.01 billion based on 452,935K outstanding shares. Right now, sales total 146,370 K and income totals -104,040 K. The company made 44,850 K in profit during its latest quarter, and -36,650 K in sales during its previous quarter.
