Bitfarms Ltd. (BITF) Stock: A Year of Highs and Lows in the Market

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Bitfarms Ltd.’s current trading price is -26.54% away from its 52-week high, while its distance from the 52-week low is 284.56%. The stock’s price range for this period has been between $0.68 and $3.56 The company’s shares, which are part of the Financial sector, had a trading volume of approximately 18.44 million for the day, a number notably lower than the average daily volume of 28.49 million over the last three months.

Bitfarms Ltd. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.56 on 12/27/23, while the lowest price for the same period was registered at $0.68 on 03/10/23.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Bitfarms Ltd. (BITF) has experienced a quarterly rise of 133.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 789.36M and boasts a workforce of 150 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.79, with a change in price of +1.44. Similarly, Bitfarms Ltd. recorded 20,178,766 in trading volume during the last 100 days, posting a change of +124.78%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for BITF stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.05.

BITF Stock Stochastic Average

Bitfarms Ltd.’s raw stochastic average for the past 50 days is presently 55.48%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 79.65%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 48.92% and 33.23%, respectively.

BITF Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -10.14% this year. Over the last six months, there has been a weaker performance of 68.71%. The price of BITF leaped by -12.83% during the last 30 days period. For the last 5-days stocks have improved 16.74%.

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts