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 $0.92, recorded 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 -47.57% away from its 52-week high, while its distance from the 52-week low is 123.07%. 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 27.94 million for the day, which was evidently higher than the average daily volume of 25.09 million over the last three months.
Financial Performance and Market Capitalization
Bitfarms Ltd. (BITF) has experienced a quarterly decline of -1.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 618.81M 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 2.4700, with a change in price of +0.9900. Similarly, Bitfarms Ltd. recorded 29,447,477 in trading volume during the last 100 days, posting a change of +93.40%.
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 17.33%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 50.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 36.30% and 25.19%, 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 -29.55%.However, over the last six months, we can see a weaker performance of 105.23%. Over the last 30 days, the price of BITF has leaped by -14.58%. And in the last five days, it has surged by 18.50%.
