A better buy-in window may exist right now for Bitfarms Ltd. (BITF)

With 23.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 26.98 million shares. The 52-week range on BITF shows that it touched its highest point at $3.91 and its lowest point at $0.82 during that stretch. It currently has a 1-year price target of $4.76. Beta for the stock currently stands at 3.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BITF was down-trending over the past week, with a drop of -4.80%, but this was down by -25.60% over a month. Three-month performance dropped to -25.09% while six-month performance rose 103.74%. The stock gained 135.14% in the past year, while it has lost -25.09% so far this year. A look at the trailing 12-month EPS for BITF yields -0.35 with Next year EPS estimates of 0.43. For the next quarter, that number is -0.02. This implies an EPS growth rate of 90.00% for this year and 1187.50% for next year.

Float and Shares Shorts:

At present, 334.15 million BITF shares are outstanding with a float of 287.70 million shares on hand for trading. On Mar 15, 2024, short shares totaled 26.85 million, which was 8.04% higher than short shares on Feb 15, 2024. In addition to Mr. L. Geoffrey Morphy as the firm’s President, CEO & Director, Mr. Jeffrey P. Lucas serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 21.07% of BITF’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BITF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, BITF has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BITF currently yields $0.00. In the past year, BITF’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, BITF has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.