Bitfarms Ltd. (NASDAQ:BITF) price on Thursday, April 18, rose 5.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.89.
A look at the stock’s price movement, the close in the last trading session was $1.78. Turning to its 52-week performance, $3.91 and $0.92 were the 52-week high and 52-week low respectively. Overall, BITF moved -15.62% over the past month.
Bitfarms Ltd.’s market cap currently stands at around $570.52 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BITF is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
BITF’s current price about -9.65% and -25.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.12, while 7-day volatility ratio is 7.10% and 7.38% in the 30-day chart. Further, Bitfarms Ltd. (BITF) has a beta value of 3.31, and an average true range (ATR) of 0.17.
If we refocus on Bitfarms Ltd. (NASDAQ:BITF), historical trading data shows that trading volumes averaged 24.93 million over the past 3 months. The company’s latest data on shares outstanding shows there are 334.15 million shares.
The 4.71% of Bitfarms Ltd.’s shares are in the hands of company insiders while institutional holders own 25.59% of the company’s shares. Current price change has pushed the stock -35.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BITF stock continues to rise going into the next quarter.
