Bitfarms Ltd. [BITF] stock prices are up 1.61% to $2.21 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BITF shares have gain 1.61% over the last week, with a monthly amount drifted -15.78%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Bitfarms Announces March 2024 Production and Operations Update. In a post published today on Yahoo Finance, – Company earns 286 BTC in March 2024 -.
From an analyst’s perspective:
Bitfarms Ltd. [NASDAQ: BITF] stock has seen the most recent analyst activity on December 14, 2023, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $4. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on May 19, 2023, and set its price target to $2.
The stock price of Bitfarms Ltd. [BITF] has been fluctuating between $0.82 and $3.91 over the past year. Bitfarms Ltd. [NASDAQ: BITF] shares were valued at $2.21 at the most recent close of the market.
Analyzing the BITF fundamentals
The Bitfarms Ltd. [NASDAQ:BITF] reported sales of 146.37M for trailing twelve months, representing a surge of 71.03%. Gross Profit Margin for this corporation currently stands at -0.18% with Operating Profit Margin at -0.5%, Pretax Profit Margin comes in at -0.71%, and Net Profit Margin reading is -0.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.37 and Total Capital is -0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.16 points at the first support level, and at 2.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.26, and for the 2nd resistance point, it is at 2.31.
Bitfarms Ltd. [BITF] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of -$0.16 and a surprise factor of -533.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.07 per share as compared to estimates of -$0.04 per share, a difference of -$0.03 representing a surprise of -75.00%.
Ratios To Look Out For
It’s worth pointing out that Bitfarms Ltd. [NASDAQ:BITF]’s Current Ratio is 1.88. Further, the Quick Ratio stands at 1.87, while the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 4.57, the price to book ratio is 2.51.
