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Bitfarms Ltd. (BITF)
2.02  0.06 (3.06%)    05-24 16:00
Open: 1.99
High: 2.12
Volume: 23,761,254
  
Pre. Close: 1.96
Low: 1.94
Market Cap: 610(M)
Technical analysis
2024-05-24 4:51:30 PM
Short term     
Mid term     
Targets 6-month :  2.49 1-year :  2.91
Resists First :  2.14 Second :  2.49
Pivot price 1.82
Supports First :  1.75 Second :  1.51
MAs MA(5) :  1.94 MA(20) :  1.82
MA(100) :  2.31 MA(250) :  1.82
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  82 D(3) :  79.7
RSI RSI(14): 55.8
52-week High :  3.91 Low :  0.91
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ BITF ] has closed below upper band by 11.6%. Bollinger Bands are 46% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 25 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.12 - 2.13 2.13 - 2.14
Low: 1.92 - 1.93 1.93 - 1.94
Close: 2 - 2.02 2.02 - 2.03
Company Description

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

Headline News

Fri, 24 May 2024
Closing Bell: Bitfarms Ltd down on Friday (BITF) - The Globe and Mail

Thu, 23 May 2024
Closing Bell: Bitfarms Ltd down on Thursday (BITF) - The Globe and Mail

Thu, 23 May 2024
Bitfarms (NASDAQ:BITF) vs. Integrated Ventures (OTCMKTS:INTV) Critical Comparison - Defense World

Wed, 22 May 2024
Bitfarms (NASDAQ:BITF) Trading Up 6.7% - MarketBeat

Mon, 20 May 2024
Northland Capmk Comments on Bitfarms Ltd.'s Q2 2024 Earnings (NASDAQ:BITF) - MarketBeat

Mon, 20 May 2024
Bitfarms (BITF) Price Target Increased by 15.43% to 1.96 - MSN

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Financial - Capital Markets
Shares Out 334 (M)
Shares Float 325 (M)
Held by Insiders 4.4 (%)
Held by Institutions 20.5 (%)
Shares Short 23,800 (K)
Shares Short P.Month 27,200 (K)
Stock Financials
EPS -0.41
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0.87
Profit Margin -71.1 %
Operating Margin -18.8 %
Return on Assets (ttm) -10.6 %
Return on Equity (ttm) -37.9 %
Qtrly Rev. Growth 71 %
Gross Profit (p.s.) 0
Sales Per Share 0.43
EBITDA (p.s.) 0.06
Qtrly Earnings Growth 0 %
Operating Cash Flow 24 (M)
Levered Free Cash Flow 15 (M)
Stock Valuations
PE Ratio -5.05
PEG Ratio 0
Price to Book value 2.29
Price to Sales 4.61
Price to Cash Flow 28.6
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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