Bitfarms Ltd. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.91 on 02/27/24, while the lowest price for the same period was registered at $0.82 on 04/10/23.
52-week price history of BITF Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Bitfarms Ltd.’s current trading price is -41.43% away from its 52-week high, while its distance from the 52-week low is 177.88%. The stock’s price range during this period has spanned from $0.82 to $3.91. In the Financial sector, the Bitfarms Ltd.’s shares surpassed a trading volume of approximately 41.33 million for the day, which was noticeably higher compared to the average daily volume of 9.27.68 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Bitfarms Ltd. (BITF) has experienced a quarterly decline of -20.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 691.26M and boasts a workforce of 170 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.31, with a change in price of +1.21. Similarly, Bitfarms Ltd. recorded 27,471,313 in trading volume during the last 100 days, posting a change of +112.04%.
Examining BITF’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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, Bitfarms Ltd.’s raw stochastic average for the past 50 days stands at 19.40%, indicating a rise from the raw stochastic average of the last 20 days, which was 10.00%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 12.41% and 14.44% respectively.
BITF Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -21.31%. However, over the past six months, we’ve seen a weaker performance of 116.04%. The price of BITF leaped by -24.17% over the last 30 days. And in the last five days, it has surged by 2.69%.
