Stocks of Bitfarms Ltd (NASDAQ:BITF) traded higher last session on Wall Street, down -4.65% to $0.94.
BITF stock price is now -3.07% away from the 50-day moving average and -41.83% away from the 200-day moving average. The market capitalization of the company currently stands at $520.38M.
On December 04, 2024, Alliance Global Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Riot Platforms, Inc., 10% Owner bought 90,110,912 shares of the company’s stock on May 27 ’25. The stock was bought for $97,319,785 at an average price of $1.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Former Director MALON INVESTMENTS HOLDINGS COR bought 100,000 shares of the business’s stock. A total of $217,120 was incurred on buying the stock at an average price of $2.17. A total of 20.46% of the company’s stock is owned by insiders.
During the past 12 months, Bitfarms Ltd has had a low of $0.67 and a high of $3.28. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.64, and a quick ratio of 2.58.
The net profit margin was -40.09% and return on equity was -16.30% for BITF. The company reported revenue of $66.85 million for the quarter, compared to $50.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.85 percent.
