Currently, there are 452.94M common shares owned by the public and among those 381.98M shares have been available to trade.
The company’s stock has a 5-day price change of -12.95% and -18.05% over the past three months. BITF shares are trading -42.27% year to date (YTD), with the 12-month market performance down to -38.24% lower. It has a 12-month low price of $1.52 and touched a high of $3.91 over the same period. BITF has an average intraday trading volume of 37.62 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 -17.04%, -18.54%, and -23.11% respectively.
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Institutional ownership of Bitfarms Ltd (NASDAQ: BITF) shares accounts for 19.68% of the company’s 452.94M shares outstanding.
It has a market capitalization of $793.80M and a beta (3y monthly) value of 3.43. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.54% over the week and 9.22% over the month.
Earnings per share for the fiscal year are expected to increase by 53.21%, and 160.56% over the next financial year.
Looking at the support for the BITF, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on December 04, 2024, with the firm’s price target at $6. Cantor Fitzgerald coverage for the Bitfarms Ltd (BITF) stock in a research note released on June 11, 2024 offered a Overweight rating with a price target of $5. H.C. Wainwright was of a view on June 04, 2024 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on December 14, 2023, issuing a price target of $4. Cantor Fitzgerald on their part issued Overweight rating on May 19, 2023.
