Bitfarms Ltd. (NASDAQ:BITF) went down by -19.93% from its latest closing price compared to the recent 1-year high of $9.36. The company’s stock price has collected -28.15% of loss in the last five trading sessions.
Is It Worth Investing in Bitfarms Ltd. (NASDAQ :BITF) Right Now?
Bitfarms Ltd. (NASDAQ:BITF) scored a price-to-earnings ratio above its average ratio, recording 17.36 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Bitfarms Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $7.95. BITF currently public float of 169.17M and currently shorts hold a 6.28% ratio of that float. Today, the average trading volume of BITF was 5.49M shares.
BITF’s Market Performance
BITF stocks went down by -28.15% for the week, with a monthly drop of -34.04% and a quarterly performance of -47.71%, while its annual performance rate touched -60.50%. The volatility ratio for the week stands at 10.97% while the volatility levels for the past 30 days are set at 8.79% for Bitfarms Ltd.. The simple moving average for the period of the last 20 days is -28.55% for BITF stocks with a simple moving average of -55.41% for the last 200 days.
BITF Trading at -36.30% from the 50-Day Moving Average
After a stumble in the market that brought BITF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.82% of loss for the given period.
Volatility was left at 8.79%, however, over the last 30 days, the volatility rate increased by 10.97%, as shares sank -31.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.04% lower at present.
During the last 5 trading sessions, BITF fell by -28.15%, which changed the moving average for the period of 200-days by -34.04% in comparison to the 20-day moving average, which settled at $2.99. In addition, Bitfarms Ltd. saw -57.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BITF
Current profitability levels for the company are sitting at:
- +40.05 for the present operating margin
- +65.56 for the gross margin
The net margin for Bitfarms Ltd. stands at +13.06. Equity return is now at value 8.50, with 7.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.