In terms of market performance, Bitfarms Ltd. had a somewhat regular. The highest value for the stock in the past year was $3.91 on 02/27/24, while the lowest value was $0.92 on 10/13/23.
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 -51.15% away from its 52-week high, while its distance from the 52-week low is 107.83%. The stock’s price range during this period has fluctuated between $0.92 and $3.91. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 17.36 million for the day, which was evidently lower than the average daily volume of 24.99 million over the last three months.
Financial Performance and Market Capitalization
Bitfarms Ltd. (BITF) has experienced a quarterly decline of -8.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 576.55M 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 2.4643, with a change in price of +0.8850. Similarly, Bitfarms Ltd. recorded 29,146,420 in trading volume during the last 100 days, posting a change of +82.71%.
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
The raw stochastic average for Bitfarms Ltd. over the last 50 days is presently at 13.11%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 37.82%. Further, the company’s Stochastic %K and %D values for the last 20 days were 25.75% and 15.81%, 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. Year to date metric has recorded a loss of -34.36%.However, over the last six months, we can see a weaker performance of 92.39%. Over the last 30 days, the price of BITF has leaped by -23.29%. And in the last five days, it has surged by 5.52%.
