On Monday, Bitfarms Ltd (NASDAQ: BITF) opened lower -14.11% from the last session, before settling in for the closing price of $1.63. Price fluctuations for BITF have ranged from $1.47 to $3.91 over the past 52 weeks.
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Annual sales at Financial sector company grew by 95.56% over the past five years. Company’s average yearly earnings per share was noted 47.00% at the time writing. With a float of $381.75 million, this company’s outstanding shares have now reached $452.94 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
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 19.21%, while institutional ownership is 19.53%. 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
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
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 3.62.
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)
Bitfarms Ltd (NASDAQ: BITF) saw its 5-day average volume 50.29 million, a positive change from its year-to-date volume of 45.26 million. As of the previous 9 days, the stock’s Stochastic %D was 35.43%. Additionally, its Average True Range was 0.14.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 2.86%, which indicates a significant decrease from 8.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.15% in the past 14 days, which was lower than the 93.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8825, while its 200-day Moving Average is $2.1150. Nevertheless, the first resistance level for the watch stands at $1.5263 in the near term. At $1.6527, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7358. If the price goes on to break the first support level at $1.3168, it is likely to go to the next support level at $1.2337. The third support level lies at $1.1073 if the price breaches the second support level.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are currently 452,935K shares outstanding in the company with a market cap of 661.50 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.
