Bitfarms Ltd. (NASDAQ:BITF) price closed lower on Monday, April 15, dropping -4.42% below its previous close.
A look at the daily price movement shows that the last close reads $1.81. The company’s 5Y monthly beta was ticking 3.29. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.91 and 52-week low of $0.92. The stock subtracted -21.72% on its value in the past month.
Bitfarms Ltd., which has a market valuation of $522.22 million, is expected to release its quarterly earnings report Mar 19, 2024 – Mar 25, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BITF a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that BITF’s price is at present -20.17% off the SMA20 and -32.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 28.70, with weekly volatility standing at 6.24%. The indicator jumps to 7.39% when calculated based on the past 30 days. Bitfarms Ltd. (NASDAQ:BITF)’s beta value is holding at 3.31, while the average true range (ATR) indicator is currently reading 0.18.
An analysis of the Bitfarms Ltd. (NASDAQ:BITF) stock in terms of its daily trading volume indicates that the 3-month average is 24.94 million.
Current records show that the company has 334.15M in outstanding shares. The insiders’ percentage holdings are 4.71% of outstanding shares while the percentage share held by institutions stands at 25.59%. But the -40.55% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
