With 7.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 24.25 million shares. The 52-week range on BITF shows that it touched its highest point at $3.28 and its lowest point at $0.67 during that stretch. It currently has a 1-year price target of $3.43. Beta for the stock currently stands at 4.00.
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 -5.10%, but this was up by 17.89% over a month. Three-month performance dropped to -30.86% while six-month performance fell -54.77%. The stock lost -45.62% in the past year, while it has lost -35.03% so far this year. A look at the trailing 12-month EPS for BITF yields -0.13 with Next year EPS estimates of 0.03. For the next quarter, that number is -0.03. This implies an EPS growth rate of 43.59% for this year and 144.32% for next year.
Float and Shares Shorts:
At present, 479.33 million BITF shares are outstanding with a float of 402.97 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BITF since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.20381 being high and -$0.22419 being low. For BITF, this leads to a yearly average estimate of -$0.214.
