With over 24.67 million Bitfarms Ltd. (BITF) shares trading Friday and a closing price of $2.44 on the day, the dollar volume was approximately $60.19 million. The shares have shown a positive half year performance of 23.86% and its price on 01/12/24 lost nearly -6.15%. Currently, there are 241.51M common shares owned by the public and among those 225.87M shares have been available to trade.
Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 433,502 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 360,920 shares.
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The top 3 mutual fund holders in Bitfarms Ltd. are Amplify Transformational Data Sha, Invesco Mkts. II Plc – CoinShares, and SPDR S&P Kensho New Economies Com. Amplify Transformational Data Sha owns 14.61 million shares of the company’s stock, all valued at over $42.5 million. SPDR S&P Kensho New Economies Com sold 3996.0 shares to bring its total holdings to over 4.06 million shares at a value of $11.83 million. SPDR S&P Kensho New Economies Com now owns shares totaling to 1.68% of the shares outstanding.
Shares of Bitfarms Ltd. (NASDAQ: BITF) opened at $2.505, down -$0.1 from a prior closing price of $2.60. However, the script later moved the day high at 2.6200, down -6.15%. The company’s stock has a 5-day price change of -10.29% and 152.51% over the past three months. BITF shares are trading -16.15% year to date (YTD), with the 12-month market performance up to 248.57% higher. It has a 12-month low price of $0.68 and touched a high of $3.56 over the same period. BITF has an average intraday trading volume of 24.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.12%, 19.75%, and 67.30% respectively.
Institutional ownership of Bitfarms Ltd. (NASDAQ: BITF) shares accounts for 29.59% of the company’s 241.51M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $589.28M and a beta (3y monthly) value of 3.34. The earnings-per-share (ttm) stands at -$0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.07% over the week and 14.02% over the month.
Analysts forecast that Bitfarms Ltd. (BITF) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.03. Earnings per share for the fiscal year are expected to increase by 81.52%, and 92.94% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Bitfarms Ltd. (BITF) as a “Strong Buy” at a consensus score of 1.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BITF, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on December 14, 2023, with the firm’s price target at $4.
