Bitfarms Ltd. (NASDAQ:BITF) went down by -5.76% from its latest closing price compared to the recent 1-year high of $9.36. The company’s stock price has collected -4.38% 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 5.60 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 $5.45. BITF currently public float of 174.23M and currently shorts hold a 8.46% ratio of that float. Today, the average trading volume of BITF was 4.95M shares.
BITF’s Market Performance
BITF stocks went down by -4.38% for the week, with a monthly drop of -28.02% and a quarterly performance of -65.07%, while its annual performance rate touched -68.05%. The volatility ratio for the week stands at 8.50% while the volatility levels for the past 30 days are set at 7.99% for Bitfarms Ltd. The simple moving average for the period of the last 20 days is -22.07% for BITF stocks with a simple moving average of -69.67% for the last 200 days.
BITF Trading at -42.48% 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 -86.00% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 8.50%, as shares sank -27.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.81% lower at present.
During the last 5 trading sessions, BITF fell by -4.38%, which changed the moving average for the period of 200-days by -79.56% in comparison to the 20-day moving average, which settled at $1.6565. In addition, Bitfarms Ltd. saw -74.06% 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 10.00, with 7.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.