kicked off on Monday, with Bitfarms Ltd (NASDAQ: BITF) stock price up 8.91% from the previous day of trading, before settling in for the closing price of $1.01. BITF’s price has ranged from $0.99 to $3.28 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 95.56%. Meanwhile, its annual earnings per share averaged 46.50%. With a float of $355.93 million, this company’s outstanding shares have now reached $452.94 million.
Considering the fact that the conglomerate employs 170 people, you should pay attention to its efficiency factor. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Bitfarms Ltd is 20.38%, while institutional ownership is 27.49%. 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
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
Here are Bitfarms Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.69.
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)
Compared to the last year’s volume of 37.49 million, its volume of 25.37 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 30.21%. Additionally, its Average True Range was 0.10.
During the past 100 days, Bitfarms Ltd’s (BITF) raw stochastic average was set at 6.21%, which indicates a significant decrease from 40.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.61% in the past 14 days, which was higher than the 95.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3296, while its 200-day Moving Average is $1.9840. Nevertheless, the first resistance level for the watch stands at $1.1300 in the near term. At $1.1600, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.2100. If the price goes on to break the first support level at $1.0500, it is likely to go to the next support level at $1.0000. Should the price break the second support level, the third support level stands at $0.9700.
Bitfarms Ltd (NASDAQ: BITF) Key Stats
With a market capitalization of 491.74 million, the company has a total of 479,333K Shares Outstanding. Currently, annual sales are 146,370 K while annual income is -104,040 K. The company’s previous quarter sales were 44,850 K while its latest quarter income was -36,650 K.
