Bitfarms Ltd (NASDAQ: BITF) on Monday, plunged -5.36% from the previous trading day, before settling in for the closing price of $1.68. Within the past 52 weeks, BITF’s price has moved between $1.52 and $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%. The company achieved an average annual earnings per share of 53.21%. With a float of $381.98 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 and Institutional Ownership
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Bitfarms Ltd is 19.16%, while institutional ownership is 19.68%. 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 53.21% 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 4.11.
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)
The latest stats from [Bitfarms Ltd, BITF] show that its last 5-days average volume of 49.56 million was superior to 26.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.02%. Additionally, its Average True Range was 0.19.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 2.50%, which indicates a significant decrease from 3.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.12% in the past 14 days, which was higher than the 97.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0572, while its 200-day Moving Average is $2.1794. Now, the first resistance to watch is $1.6600. This is followed by the second major resistance level at $1.7300. The third major resistance level sits at $1.7800. If the price goes on to break the first support level at $1.5400, it is likely to go to the next support level at $1.4900. The third support level lies at $1.4200 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
Market capitalization of the company is 751.28 million 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.
