The market performance of Bitfarms Ltd. has been somewhat stable. Over the past year, the company’s stock achieved a high of $3.91 on 02/27/24, with the lowest value for the same timeframe being $0.82, recorded on 04/10/23.
52-week price history of BITF Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Bitfarms Ltd.’s current trading price is -40.54% away from its 52-week high, while its distance from the 52-week low is 182.13%. The stock’s price range during this period has fluctuated between $0.82 and $3.91. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 11.35 million for the day, which was evidently lower than the average daily volume of 28.01 million over the last three months.
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Financial Performance and Market Capitalization
Bitfarms Ltd. (BITF) has experienced a quarterly decline of -14.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 701.82M and boasts a workforce of 170 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.30, with a change in price of +1.22. Similarly, Bitfarms Ltd. recorded 27,030,092 in trading volume during the last 100 days, posting a change of +110.91%.
BITF Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation 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
Bitfarms Ltd.’s raw stochastic average for the past 50 days is currently at 20.90%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 11.67%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.30% and 14.26%, respectively.
BITF Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -20.10%.However, over the last six months, we can see a weaker performance of 113.30%. Over the last 30 days, the price of BITF has leaped by -27.12%. And in the last five days, it has surged by 2.88%.
