The 36-month beta value for BITF is also noteworthy at 3.55. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BITF is 403.03M, and at present, short sellers hold a 15.27% of that float. The average trading volume of BITF on February 14, 2025 was 47.22M shares.
BITF) stock’s latest price update
Bitfarms Ltd (NASDAQ: BITF) has seen a rise in its stock price by 2.43 in relation to its previous close of 1.40. However, the company has experienced a 0.99% gain in its stock price over the last five trading sessions. zacks.com reported 2025-02-06 that Bitfarms Ltd. (BITF) closed at $1.41 in the latest trading session, marking no change from the prior day.
BITF’s Market Performance
Bitfarms Ltd (BITF) has seen a 0.99% rise in stock performance for the week, with a -14.13% decline in the past month and a -46.69% plunge in the past quarter. The volatility ratio for the week is 6.66%, and the volatility levels for the past 30 days are at 7.31% for BITF. The simple moving average for the past 20 days is -2.63% for BITF’s stock, with a -31.07% simple moving average for the past 200 days.
Analysts’ Opinion of BITF
Alliance Global Partners, on the other hand, stated in their research note that they expect to see BITF reach a price target of $6. The rating they have provided for BITF stocks is “Buy” according to the report published on December 04th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to BITF, setting the target price at $5 in the report published on June 11th of the previous year.
BITF Trading at -14.17% 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 -63.32% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares sank -13.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.15% lower at present.
During the last 5 trading sessions, BITF rose by +0.35%, which changed the moving average for the period of 200-days by -24.60% in comparison to the 20-day moving average, which settled at $1.4722. In addition, Bitfarms Ltd saw -3.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BITF starting from MALON INVESTMENTS HOLDINGS COR, who proposed sale 100,000 shares at the price of $2.17 back on Nov 07 ’24. After this action, MALON INVESTMENTS HOLDINGS COR now owns shares of Bitfarms Ltd, valued at $217,120 using the latest closing price.
MALON INVESTMENTS HOLDINGS COR, the Former Director of Bitfarms Ltd, proposed sale 500,000 shares at $1.88 during a trade that took place back on Oct 15 ’24, which means that MALON INVESTMENTS HOLDINGS COR is holding shares at $939,150 based on the most recent closing price.
Stock Fundamentals for BITF
Current profitability levels for the company are sitting at:
- -0.58 for the present operating margin
- -0.17 for the gross margin
The net margin for Bitfarms Ltd stands at -0.7. The total capital return value is set at -0.2. Equity return is now at value -31.62, with -27.49 for asset returns.
Based on Bitfarms Ltd (BITF), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 1.16. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -73.27.
Currently, EBITDA for the company is -15.86 million with net debt to EBITDA at -6.52. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 13.83for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
In summary, Bitfarms Ltd (BITF) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
