At the time of writing, Bitfarms Ltd. [BITF] stock is trading at $2.21, up 7.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BITF shares have gain 8.33% over the last week, with a monthly amount drifted -9.43%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, H.C. Wainwright started tracking the stock with Buy rating on June 04, 2024, and set its price target to $4. On December 14, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $4 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $2 on May 19, 2023.
For the past year, the stock price of Bitfarms Ltd. fluctuated between $0.92 and $3.91. Currently, Wall Street analysts expect the stock to reach $4.26 within the next 12 months. Bitfarms Ltd. [NASDAQ: BITF] shares were valued at $2.21 at the most recent close of the market. An investor can expect a potential return of 92.76% based on the average BITF price forecast.
Analyzing the BITF fundamentals
According to Bitfarms Ltd. [NASDAQ:BITF], the company’s sales were 172.70M for trailing twelve months, which represents an 17.11% jump. Gross Profit Margin for this corporation currently stands at -0.17% with Operating Profit Margin at -0.47%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.31 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 2.10 points at the first support level, and at 1.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.27, and for the 2nd resistance point, it is at 2.32.
Ratios To Look Out For
It is important to note that Bitfarms Ltd. [NASDAQ:BITF] has a current ratio of 5.11. Also, the Quick Ratio is 5.09, while the Cash Ratio stands at 2.99. Considering the valuation of this stock, the price to sales ratio is 5.80, the price to book ratio is 1.99.
Transactions by insiders
Recent insider trading involved MALON INVESTMENTS HOLDINGS COR, former director, that happened on Sep 24 ’24 when 0.4 million shares were purchased.
