Bitfarms Ltd. [BITF] stock prices are up 5.88% to $1.89 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 lost -1.05% over the last week, with a monthly amount drifted -15.62%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $0.92 and $3.91 over the past year. Bitfarms Ltd. [NASDAQ: BITF] shares were valued at $1.89 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 1.7983 points at the first support level, and at 1.7067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9733, and for the 2nd resistance point, it is at 2.0567.
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 3.90, the price to book ratio is 2.14.
