Currently, there are 453.51M common shares owned by the public and among those 347.40M shares have been available to trade.
The company’s stock has a 5-day price change of -2.11% and -7.00% over the past three months. BITF shares are trading -36.08% year to date (YTD), with the 12-month market performance up to 69.09% higher. It has a 12-month low price of $1.01 and touched a high of $3.91 over the same period. BITF has an average intraday trading volume of 18.80 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 -4.99%, -8.15%, and -18.72% respectively.
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Institutional ownership of Bitfarms Ltd (NASDAQ: BITF) shares accounts for 22.59% of the company’s 453.51M shares outstanding.
It has a market capitalization of $1.13B and a beta (3y monthly) value of 3.34. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.22% over the week and 6.87% over the month.
Earnings per share for the fiscal year are expected to increase by 39.00%, and 107.38% over the next financial year.
Looking at the support for the BITF, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on June 11, 2024, with the firm’s price target at $4-$5. H.C. Wainwright coverage for the Bitfarms Ltd (BITF) stock in a research note released on June 04, 2024 offered a Buy rating with a price target of $4. B. Riley Securities was of a view on December 14, 2023 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on May 19, 2023, issuing a price target of $2.
