A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Year to date metric has recorded a loss of -22.34%.However, over the last six months, we can see a weaker performance of 94.83%. Over the last 30 days, the price of BITF has leaped by -35.24%. And in the last five days, it has fallen by -15.36%.
The market performance of Bitfarms Ltd.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $3.91 on 02/27/24, while the lowest value for the same duration was $0.78 on 03/16/23.
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52-week price history of BITF Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Bitfarms Ltd.’s current trading price is -42.20% away from its 52-week high, while its distance from the 52-week low is 189.71%. The stock’s price range during this time has been between $0.78 and $3.91. The trading volume for the Financial sector company’s shares reached about 26.31 million for the day, which was lower than the average daily volume of 29.0 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Bitfarms Ltd. (BITF) has experienced a quarterly decline of -23.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 682.20M and boasts a workforce of 170 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.24, with a change in price of +1.24. Similarly, Bitfarms Ltd. recorded 26,571,236 in trading volume during the last 100 days, posting a change of +121.57%.
BITF’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for BITF stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.04.
BITF Stock Stochastic Average
Today’s raw stochastic average for Bitfarms Ltd. over the last 50 days is 17.91%.This indicates a increase from the raw stochastic average of the past 20 days, which was 8.33%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 5.75% and 4.99%, respectively.
