Bitfarms Ltd [BITF] stock prices are up 11.21% to $2.48 at the moment. 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 93.75% over the last week, with a monthly amount glided 95.28%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On December 04, 2024, Alliance Global Partners initiated with a Buy rating and assigned a price target of $6 on the stock. H.C. Wainwright initiated its recommendation with a Buy and recommended $4 as its price target on June 04, 2024. B. Riley Securities started tracking with a Buy rating for this stock on December 14, 2023, and assigned it a price target of $4. In a note dated May 19, 2023, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $2 on this stock.
The stock price of Bitfarms Ltd [BITF] has been fluctuating between $0.67 and $2.76 over the past year. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Bitfarms Ltd [NASDAQ: BITF] shares were valued at $2.48 at the most recent close of the market. An investor can expect a potential return of 31.05% based on the average BITF price forecast.
Analyzing the BITF fundamentals
The Bitfarms Ltd [NASDAQ:BITF] reported sales of 245.66M for trailing twelve months, representing a surge of 87.25%. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.14 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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’s worth pointing out that Bitfarms Ltd [NASDAQ:BITF]’s Current Ratio is 3.11. As well, the Quick Ratio is 3.03, while the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 5.58, the price to book ratio is 2.09.
Transactions by insiders
Recent insider trading involved Riot Platforms, Inc., 10% Owner, that happened on May 27 ’25 when 90.11 million shares were purchased. Former Director, MALON INVESTMENTS HOLDINGS COR completed a deal on Nov 07 ’24 to buy 100000.0 shares. Meanwhile, Former Director MALON INVESTMENTS HOLDINGS COR bought 0.5 million shares on Oct 15 ’24.
