Take off with Bitfarms Ltd. (BITF): Get ready for trading

With 19.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 21.23 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $2.7199 whereas the lowest price it dropped to was $2.47. The 52-week range on BITF shows that it touched its highest point at $3.91 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $4.23. Beta for the stock currently stands at 3.32.

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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 -7.46%, but this was up by 1.22% over a month. Three-month performance surged to 22.17% while six-month performance fell -8.82%. The stock gained 45.03% in the past year, while it has lost -14.78% so far this year. A look at the trailing 12-month EPS for BITF yields -0.36 with Next year EPS estimates of 0.16. For the next quarter, that number is -0.10. This implies an EPS growth rate of 49.56% for this year and 177.09% for next year.

Float and Shares Shorts:

At present, 334.15 million BITF shares are outstanding with a float of 320.19 million shares on hand for trading. On 2024-06-14, short shares totaled 24.26 million, which was 587.0 higher than short shares on 1715731200. In addition to Mr. Jeffrey P. Lucas as the firm’s Chief Financial Officer, Mr. Benoit Gobeil serves as its Executive Vice President of Infrastructure & Operations.

Institutional Ownership:

Through their ownership of 0.20103 of BITF’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, BITF reported revenue of $50317000.0 and operating income of -$23943000.0. The EBITDA in the recently reported quarter was $15113000.0 and diluted EPS was -$0.02.

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.