Bitfarms Ltd [BITF] stock prices are down -1.43% to $2.07 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BITF shares have gain 2.99% over the last week, with a monthly amount drifted -8.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bitfarms Ltd [NASDAQ: BITF] stock has seen the most recent analyst activity on December 04, 2024, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $6. On June 04, 2024, H.C. Wainwright initiated with a Buy rating and assigned a price target of $4 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $4 on December 14, 2023. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $2 as its price target on May 19, 2023.
The stock price of Bitfarms Ltd [BITF] has been fluctuating between $1.52 and $3.91 over the past year. Currently, Wall Street analysts expect the stock to reach $4.26 within the next 12 months. Bitfarms Ltd [NASDAQ: BITF] shares were valued at $2.07 at the most recent close of the market. An investor can expect a potential return of 105.8% based on the average BITF price forecast.
Analyzing the BITF fundamentals
The Bitfarms Ltd [NASDAQ:BITF] reported sales of 182.96M for trailing twelve months, representing a surge of 29.65%. Gross Profit Margin for this corporation currently stands at -0.17% with Operating Profit Margin at -0.58%, Pretax Profit Margin comes in at -0.72%, and Net Profit Margin reading is -0.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.31 and Total Capital is -0.2.
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 2.01 points at the first support level, and at 1.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.14, and for the 2nd resistance point, it is at 2.21.
Ratios To Look Out For
It’s worth pointing out that Bitfarms Ltd [NASDAQ:BITF]’s Current Ratio is 3.70. On the other hand, the Quick Ratio is 3.68, and the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 5.35, the price to book ratio is 1.83.
Transactions by insiders
Recent insider trading involved MALON INVESTMENTS HOLDINGS COR, Former Director, that happened on Nov 07 ’24 when 100000.0 shares were purchased. Former Director, MALON INVESTMENTS HOLDINGS COR completed a deal on Oct 15 ’24 to buy 0.5 million shares. Meanwhile, Former Director MALON INVESTMENTS HOLDINGS COR bought 0.6 million shares on Oct 07 ’24.
