At the time of writing, Bitfarms Ltd [BITF] stock is trading at $1.15, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The BITF shares have gain 5.50% over the last week, with a monthly amount glided 37.61%, and 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.
For the past year, the stock price of Bitfarms Ltd fluctuated between $0.67 and $3.28. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Bitfarms Ltd [NASDAQ: BITF] shares were valued at $1.15 at the most recent close of the market. An investor can expect a potential return of 182.61% based on the average BITF price forecast.
Analyzing the BITF fundamentals
According to Bitfarms Ltd [NASDAQ:BITF], the company’s sales were 209.41M for trailing twelve months, which represents an 32.85% jump. Gross Profit Margin for this corporation currently stands at -0.17% with Operating Profit Margin at -0.56%, Pretax Profit Margin comes in at -0.35%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.11 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It is important to note that Bitfarms Ltd [NASDAQ:BITF] has a current ratio of 2.64. On the other hand, the Quick Ratio is 2.58, and the Cash Ratio is 1.64. Considering the valuation of this stock, the price to sales ratio is 3.05, the price to book ratio is 0.96.
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.
