On Friday, Bitfarms Ltd (NASDAQ: BITF) was 1.43% up from the session before settling in for the closing price of $1.40. A 52-week range for BITF has been $1.28 – $3.91.
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During the last 5-year period, the sales growth of Financial Sector giant was 95.56%. When this article was written, the company’s average yearly earnings per share was at 46.50%. With a float of $364.80 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bitfarms Ltd stocks. The insider ownership of Bitfarms Ltd is 18.39%, while institutional ownership is 26.82%. 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 46.50% per share during the next fiscal year.
Bitfarms Ltd (NASDAQ: BITF) Trading Performance Indicators
You can see what Bitfarms Ltd (BITF) is doing with its current performance indicators. In the most recent 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 3.47.
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 0.06 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 35.06 million, which is a drop from its year-to-date volume of 42.71 million. As of the previous 9 days, the stock’s Stochastic %D was 48.77%. Additionally, its Average True Range was 0.11.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 9.46%, which indicates a significant decrease from 53.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.87% in the past 14 days, which was lower than the 91.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6704, while its 200-day Moving Average is $2.0802. However, in the short run, Bitfarms Ltd’s stock first resistance to watch stands at $1.4500. Second resistance stands at $1.4800. The third major resistance level sits at $1.5100. If the price goes on to break the first support level at $1.3900, it is likely to go to the next support level at $1.3600. Should the price break the second support level, the third support level stands at $1.3300.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
There are 479,333K outstanding shares of the company, which has a market capitalization of 634.80 million. As of now, sales total 146,370 K while income totals -104,040 K. Its latest quarter income was 44,850 K while its last quarter net income were -36,650 K.
