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Is Bitfarms Ltd. (BITF) a Keeper?

Bitfarms Ltd. (NASDAQ:BITF) went down by -7.33% from its latest closing price compared to the recent 1-year high of $9.36. The company’s stock price has collected 4.51% of gains 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 5.91 x from its present earnings ratio.

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BITF currently public float of 171.56M and currently shorts hold a 8.59% ratio of that float. Today, the average trading volume of BITF was 4.86M shares.

BITF’s Market Performance

BITF stocks went up by 4.51% for the week, with a monthly drop of -17.26% and a quarterly performance of -62.73%, while its annual performance rate touched -65.76%. The volatility ratio for the week stands at 8.88% while the volatility levels for the past 30 days are set at 8.26% for Bitfarms Ltd. The simple moving average for the period of the last 20 days is -14.83% for BITF stocks with a simple moving average of -67.28% for the last 200 days.

BITF Trading at -36.06% 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 -85.15% of loss for the given period.

Volatility was left at 8.26%, however, over the last 30 days, the volatility rate increased by 8.88%, as shares sank -19.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.00% lower at present.

During the last 5 trading sessions, BITF rose by +4.51%, which changed the moving average for the period of 200-days by -76.60% in comparison to the 20-day moving average, which settled at $1.6155. In addition, Bitfarms Ltd. saw -72.48% 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.