Bitfarms Ltd [BITF] stock is trading at $1.41, up 0.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BITF shares have gain 7.63% over the last week, with a monthly amount drifted -16.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Alliance Global Partners started tracking the stock with Buy rating on December 04, 2024, and set its price target to $6. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $4 on June 04, 2024. B. Riley Securities initiated its recommendation with a Buy and recommended $4 as its price target on December 14, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on May 19, 2023, and assigned it a price target of $2.
Bitfarms Ltd [BITF] stock has fluctuated between $1.28 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 $1.41 at the most recent close of the market. An investor can expect a potential return of 202.13% based on the average BITF price forecast.
Analyzing the BITF fundamentals
Bitfarms Ltd [NASDAQ:BITF] reported sales of 182.96M for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 1.3867 points at the first support level, and at 1.3633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4467, and for the 2nd resistance point, it is at 1.4833.
Ratios To Look Out For
For context, Bitfarms Ltd’s Current Ratio is 3.70. As well, the Quick Ratio is 3.68, while the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 3.45, the price to book ratio is 1.25.
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.
