Bitfarms Ltd. [BITF] Is Currently -3.43 below its 200 Period Moving Avg: What Does This Mean?

Bitfarms Ltd. [NASDAQ: BITF] closed the trading session at $0.68. The company report on November 17, 2022 that Bitfarms Appoints Edie Hofmeister to the Board of Directors.


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– Governance and ESG expert joins as new independent director -.

This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.

The stocks have a year to date performance of -86.61 percent and weekly performance of -3.04 percent. The stock has been moved at -64.04 percent over the last six months. The stock has performed -28.03 percent around the most recent 30 days and changed -54.93 percent over the most recent 3-months.

If compared to the average trading volume of 3.52M shares, BITF reached to a volume of 2418060 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bitfarms Ltd. [BITF]:

The Average True Range (ATR) for Bitfarms Ltd. is set at 0.08, with the Price to Sales ratio for BITF stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 0.27.

BITF stock trade performance evaluation

Bitfarms Ltd. [BITF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.04. With this latest performance, BITF shares dropped by -28.03% in over the last four-week period, additionally sinking by -64.04% over the last 6 months – not to mention a drop of -92.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BITF stock in for the last two-week period is set at 33.61, with the RSI for the last a single of trading hit 31.37, and the three-weeks RSI is set at 35.59 for Bitfarms Ltd. [BITF]. The present Moving Average for the last 50 days of trading for this stock 1.0089, while it was recorded at 0.7483 for the last single week of trading, and 2.0435 for the last 200 days.

Bitfarms Ltd. [BITF]: An insightful look at the core fundamentals

Bitfarms Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Bitfarms Ltd. [BITF]: Insider Ownership positions

There are presently around $20 million, or 17.51% of BITF stock, in the hands of institutional investors. The top three institutional holders of BITF stocks are: INVESCO LTD. with ownership of 14,583,117, which is approximately 18.59% of the company’s market cap and around 9.54% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 3,436,162 shares of the stock with an approximate value of $2.32 million in BITF stocks shares; and VAN ECK ASSOCIATES CORP, currently with $1.31 million in BITF stock with ownership of nearly 34.583% of the company’s market capitalization.

48 institutional holders increased their position in Bitfarms Ltd. [NASDAQ:BITF] by around 5,801,787 shares. Additionally, 32 investors decreased positions by around 4,129,299 shares, while 19 investors held positions by with 19,792,916 shares. The mentioned changes placed institutional holdings at 29,724,002 shares, according to the latest SEC report filing. BITF stock had 17 new institutional investments in for a total of 956,380 shares, while 16 institutional investors sold positions of 1,357,603 shares during the same period.

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