Bitfarms Ltd [NASDAQ: BITF] plunged by -$0.05 during the normal trading session on while it closed the day at $0.80.
Bitfarms Ltd stock has also loss -16.30% of its value over the past 7 days. However, BITF stock has declined by -20.46% in the 3 months of the year. Over the past six months meanwhile, it has lost -60.23% and lost -46.08% year-on date.
The market cap for BITF stock reached $446.66 million, with 553.64 million shares outstanding and 455.38 million shares in the current float. Compared to the average trading volume of 17.01M shares, BITF reached a trading volume of 11002778 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BITF shares is $3.47 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 Average True Range (ATR) for Bitfarms Ltd is set at 0.06, with the Price to Sales ratio for BITF stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.29.
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 -16.30. With this latest performance, BITF shares dropped by -30.14% in over the last four-week period, additionally sinking by -60.23% over the last 6 months – not to mention a drop of -71.41% in the past year of trading.
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Bitfarms Ltd [BITF]: An insightful look at the core fundamentals
Bitfarms Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.58 and a Current Ratio set at 2.64.
Bitfarms Ltd [BITF]: Institutional Ownership
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%.
