At the time of writing, Bitfarms Ltd [BITF] stock is trading at $3.46, up 14.95%. 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 22.70% over the last week, with a monthly amount glided 168.22%, 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.
For the past year, the stock price of Bitfarms Ltd fluctuated between $0.67 and $3.60. Currently, Wall Street analysts expect the stock to reach $4.09 within the next 12 months. Bitfarms Ltd [NASDAQ: BITF] shares were valued at $3.46 at the most recent close of the market. An investor can expect a potential return of 18.21% based on the average BITF price forecast.
Analyzing the BITF fundamentals
According to Bitfarms Ltd [NASDAQ:BITF], the company’s sales were 245.66M for trailing twelve months, which represents an 87.25% jump. 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. The company’s stock is currently sitting at 3.26 points at the first support level, and at 3.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.58, and for the 2nd resistance point, it is at 3.71.
Ratios To Look Out For
It is important to note that Bitfarms Ltd [NASDAQ:BITF] has a current ratio of 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 7.78, the price to book ratio is 2.91.
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.
