Time to Buy Beat-Down Bitfarms Ltd. (BITF) Stock? Here is the INSIGHT – Invest Chronicle
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Time to Buy Beat-Down Bitfarms Ltd. (BITF) Stock? Here is the INSIGHT

At the end of the latest market close, Bitfarms Ltd. (BITF) was valued at $3.19. In that particular session, Stock kicked-off at the price of $3.01 while reaching the peak value of $3.21 and lowest value recorded on the day was $2.81. The stock current value is $3.52.

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Recently in News on July 14, 2021, Bitfarms to Present at Sequire Blockchain Event on July 15th. Bitfarms Ltd. (“Bitfarms”, or the “Company”) (NASDAQ: BITF // TSXV: BITF), a publicly traded Bitcoin mining company, currently powering an estimated 1.5% of the Bitcoin network with greater than 99% green hydroelectricity, today announces that it will be presenting virtually at the upcoming Sequire Blockchain Conference on Thursday, July 15, at 4:00 PM ET. Ben Gagnon, Chief Mining Officer, will be delivering the corporate presentation. You can read further details here


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Bitfarms Ltd. had a pretty favorable run when it comes to the market performance.

Bitfarms Ltd. (BITF) full year performance was 825.98%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bitfarms Ltd. shares are logging -64.80% during the 52-week period from high price, and 1548.71% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.21 and $10.00.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 950792 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Bitfarms Ltd. (BITF) recorded performance in the market was 67.89%, having the revenues showcasing -4.20% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 462.60M.

Analysts verdict on Bitfarms Ltd. (BITF)

During the last month, 0 analysts gave the Bitfarms Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

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Bitfarms Ltd. (BITF): Technical Analysis

In the last 20 days, the company’s Stochastic %K was 23.28% and its Stochastic %D was recorded 9.82%.

Let’s take a glance in the erstwhile performances of Bitfarms Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 67.89%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -1.85%, alongside a boost of 825.98% for the period of the last 12 months. The shares -9.12% in the 7-day charts and went up by -25.29% in the period of the last 30 days. Common stock shares were lifted by -4.20% during last recorded quarter.

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