On Friday, Bitfarms Ltd (NASDAQ: BITF) opened lower -1.81% from the last session, before settling in for the closing price of $1.66. Price fluctuations for BITF have ranged from $1.52 to $3.91 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 75.63% annually for the last half of the decade. Company’s average yearly earnings per share was noted 53.21% at the time writing. With a float of $381.98 million, this company’s outstanding shares have now reached $452.94 million.
In an organization with 170 employees, it is important to assess its efficiency. 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
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of Bitfarms Ltd is 19.16%, while institutional ownership is 19.63%. 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
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
Check out the current performance indicators for Bitfarms Ltd (BITF). In the past 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 4.21.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 39.22 million. That was better than the volume of 26.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.87%. Additionally, its Average True Range was 0.17.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 6.61%, which indicates a significant decrease from 10.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.12% in the past 14 days, which was lower than the 95.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0430, while its 200-day Moving Average is $2.1689. However, in the short run, Bitfarms Ltd’s stock first resistance to watch stands at $1.7000. Second resistance stands at $1.7700. The third major resistance level sits at $1.8450. If the price goes on to break the first support level at $1.5550, it is likely to go to the next support level at $1.4800. Assuming the price breaks the second support level, the third support level stands at $1.4100.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are currently 452,935K shares outstanding in the company with a market cap of 770.17 million. Presently, the company’s annual sales total 146,370 K according to its annual income of -104,040 K. Last quarter, the company’s sales amounted to 44,850 K and its income totaled -36,650 K.
