A share price of Bitfarms Ltd [BITF] is currently trading at $1.24, up 10.71%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BITF shares have gain 6.90% over the last week, with a monthly amount drifted -12.06%, 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 experienced fluctuations in its stock price throughout the past year between $1.06 and $3.28. Currently, Wall Street analysts expect the stock to reach $4.26 within the next 12 months. Bitfarms Ltd [NASDAQ: BITF] shares were valued at $1.24 at the most recent close of the market. An investor can expect a potential return of 243.55% based on the average BITF price forecast.
Analyzing the BITF fundamentals
Trailing Twelve Months sales for Bitfarms Ltd [NASDAQ:BITF] were 182.96M which represents 29.65% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 1.1267 points at the first support level, and at 1.0133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3067, and for the 2nd resistance point, it is at 1.3733.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bitfarms Ltd [NASDAQ:BITF] is 3.70. In addition, the Quick Ratio stands at 3.68 and the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 1.10.
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.
