Bitfarms Ltd [NASDAQ: BITF] jumped around 0.01 points on Thursday, while shares priced at $1.02 at the close of the session, up 0.99%.
Bitfarms Ltd stock is now -61.94% down from its year-to-date (YTD) trading value. BITF Stock saw the intraday high of $1.07 and lowest of $1.0 per share. The company’s 52-week high price is 3.15, which means current price is +52.24% above from all time high which was touched on 01/06/25.
Compared to the average trading volume of 15.27M shares, BITF reached a trading volume of 28038826 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Bitfarms Ltd [BITF]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BITF shares is $3.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BITF stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Keefe Bruyette have made an estimate for Bitfarms Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on December 04, 2024, representing the official price target for Bitfarms Ltd stock. Previously, the target price had yet another raise from $4 to $5, while Cantor Fitzgerald kept a Overweight rating on BITF stock.
The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 0.29.
How has BITF stock performed recently?
Bitfarms Ltd [BITF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.16. With this latest performance, BITF shares gained by 10.86% in over the last four-week period, additionally sinking by -33.77% over the last 6 months – not to mention a drop of -31.54% in the past year of trading.
Bitfarms Ltd [BITF]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Bitfarms Ltd [BITF] shares currently have an operating margin of -47.93% and a Gross Margin at -10.61%. Bitfarms Ltd’s Net Margin is presently recorded at -40.09%.
Return on Equity for this stock declined to -13.95%, with Return on Assets sitting at -13.95%.
Insider trade positions for Bitfarms Ltd [BITF]
There are presently around $22.03%, or 25.48%% of BITF stock, in the hands of institutional investors. The top three institutional holders of BITF stocks are: INVESCO LTD. with ownership of 19.71 million shares, which is approximately 4.9128%. TOROSO INVESTMENTS, LLC, holding 6.62 million shares of the stock with an approximate value of $$17.01 million in BITF stocks shares; and TOROSO INVESTMENTS, LLC, currently with $$13.27 million in BITF stock with ownership which is approximately 1.287%.
