Bitfarms Ltd (NASDAQ: BITF) on Monday, plunged -3.11% from the previous trading day, before settling in for the closing price of $1.61. Within the past 52 weeks, BITF’s price has moved between $1.48 and $3.91.
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During the last 5-year period, the sales growth of Financial Sector giant was 95.56%. The company achieved an average annual earnings per share of 47.00%. With a float of $381.83 million, this company’s outstanding shares have now reached $452.94 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Bitfarms Ltd is 19.19%, while institutional ownership is 19.43%. 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) Earnings and Forecasts
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 47.00% 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 4.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.07 in one year’s time.
Technical Analysis of Bitfarms Ltd (BITF)
Looking closely at Bitfarms Ltd (NASDAQ: BITF), its last 5-days average volume was 44.37 million, which is a jump from its year-to-date volume of 43.77 million. As of the previous 9 days, the stock’s Stochastic %D was 35.04%. Additionally, its Average True Range was 0.15.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 6.98%, which indicates a significant decrease from 25.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.18% in the past 14 days, which was lower than the 91.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9664, while its 200-day Moving Average is $2.1388. However, in the short run, Bitfarms Ltd’s stock first resistance to watch stands at $1.5967. Second resistance stands at $1.6333. The third major resistance level sits at $1.6967. If the price goes on to break the first support level at $1.4967, it is likely to go to the next support level at $1.4333. Should the price break the second support level, the third support level stands at $1.3967.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
Market capitalization of the company is 737.10 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.
