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Daily High to Daily Low: Is It Safe to Buy Bitfarms Ltd. (BITF)?

Bitfarms Ltd. (NASDAQ:BITF) went up by 2.61% from its latest closing price compared to the recent 1-year high of $4.62. The company’s stock price has collected 10.28% of gains in the last five trading sessions.

Is It Worth Investing in Bitfarms Ltd. (NASDAQ :BITF) Right Now?

Plus, the 36-month beta value for BITF is at 2.96. 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.”

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The average price from analysts is $3.87. BITF currently public float of 180.19M and currently shorts hold a 4.60% ratio of that float. Today, the average trading volume of BITF was 3.51M shares.

BITF’s Market Performance

BITF stocks went up by 10.28% for the week, with a monthly jump of 162.16% and a quarterly performance of 26.07%, while its annual performance rate touched -71.63%. The volatility ratio for the week stands at 19.55% while the volatility levels for the past 30 days are set at 16.12% for Bitfarms Ltd. The simple moving average for the period of the last 20 days is 76.54% for BITF stocks with a simple moving average of -14.94% for the last 200 days.

BITF Trading at 89.06% 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 -74.46% of loss for the given period.

Volatility was left at 16.12%, however, over the last 30 days, the volatility rate increased by 19.55%, as shares surge +169.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.20% upper at present.

During the last 5 trading sessions, BITF rose by +10.28%, which changed the moving average for the period of 200-days by -66.38% in comparison to the 20-day moving average, which settled at $0.7055. In addition, Bitfarms Ltd. saw 168.18% in overturn over a single year, with a tendency to cut further gains.

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 -57.40, with -41.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.

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