Bitfarms Ltd. (NASDAQ:BITF) currently has a daily average trading volume of 4.20M but it saw 2835510 shares traded on Wednesday. With a market cap of 333.12M USD, stock’s current market price of $1.12 came falling about -1.75 while comparing to the previous closing price of $1.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.33 and as low as $0.38. In the recent trading on the day, stock has struck highest price mark of $1.14 while lowest mark touched by it was $1.08.
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Taking a look at 20-day trading activity of Bitfarms Ltd. (BITF) gives us an average price of $1.1100, while its current price level is -51.93% below from 52-week high level whereas it is 197.87% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0499 while that of 200 days or SMA-200 reads an average of $0.9854. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.91% during that period while stretching the period over a month that increases to 7.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.18 which implies that the stock is in neutral territory.
Bitfarms Ltd. (BITF)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $2.00 and $2.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $2.50. Average price target assigned by them is $2.17 which highlights an upside potential of 48.39% for the stock over that period. And to attain the median price target of $2.00 assigned by those analysts, stock has to add about 44.0% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, BITF’s stock price is moving -2.61% down while it is 5.66% when we observe its performance for the past one month. Year-to-date it is 154.55% up and over the past year, the stock is showing a downside performance of -37.78%.
The company is expected to be releasing its next quarterly report in 09/01/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Bitfarms Ltd.’s total number of outstanding shares is 297.43M with 7.12% of that held by the insiders while 16.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -82.80%. It has a 160.00 of forward P/E ratio. Stock’s beta reads 3.10. Stock has a price to book (P/B) ratio of 0.95 while price to sale or P/S ratio amounts to 1.73.
A filing at the U.S. Securities and Exchange Commission revealed that Amplify Transformational Data Sha came shrinking its share ownership by -1.30% in the Bitfarms Ltd. (BITF) decreasing its stake to 5.20% with control over -0.16 million shares in the company.
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