A share price of Bitfarms Ltd. [BITF] is currently trading at $2.06, up 10.16%. 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 11.35% over the last week, with a monthly amount glided 1.48%, and 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.
Bitfarms Ltd. experienced fluctuations in its stock price throughout the past year between $0.98 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 $2.06 at the most recent close of the market. An investor can expect a potential return of 106.8% based on the average BITF price forecast.
Analyzing the BITF fundamentals
Trailing Twelve Months sales for Bitfarms Ltd. [NASDAQ:BITF] were 172.70M which represents 17.11% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 1.93 points at the first support level, and at 1.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.13, and for the 2nd resistance point, it is at 2.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bitfarms Ltd. [NASDAQ:BITF] is 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 5.41, the price to book ratio is 1.85.
Transactions by insiders
Recent insider trading involved MALON INVESTMENTS HOLDINGS COR, Former Director, that happened on Oct 15 ’24 when 0.5 million shares were purchased. Former Director, MALON INVESTMENTS HOLDINGS COR completed a deal on Oct 07 ’24 to buy 0.6 million shares. Meanwhile, Former Director Bonta Nicolas bought 1.0 million shares on Oct 04 ’24.
