Bitfarms Ltd (NASDAQ:BITF) shares, rose in value on Thursday, March 27, with the stock price down by -3.45% to the previous day’s close as strong demand from buyers drove the stock to $0.95.
Actively observing the price movement in the last trading, the stock closed the session at $0.99, falling within a range of $0.9306 and $1.01. Referring to stock’s 52-week performance, its high was $3.28, and the low was $0.98. On the whole, BITF has fluctuated by -15.65% over the past month.
With the market capitalization of Bitfarms Ltd currently standing at about $426.07 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 344.72M, with a low estimate of 55.88M and a high estimate of 74.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 65.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BITF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BITF currently trading nearly -12.88% and -26.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.17, while the 7-day volatility ratio is showing 7.48% which for the 30-day chart, stands at 9.23%. Furthermore, Bitfarms Ltd (BITF)’s beta value is 3.71, and its average true range (ATR) is 0.09.
A comparison of Bitfarms Ltd (BITF) with its peers suggests the former has fared considerably weaker in the market. BITF showed an intraday change of -3.45% in last session, and over the past year, it shrunk by -58.38%%.
Data on historical trading for Bitfarms Ltd (NASDAQ:BITF) indicates that the trading volumes over the past 10 days have averaged 23.74 and over the past 3 months, they’ve averaged 37.23 million. According to company’s latest data on outstanding shares, there are 452.94 million shares outstanding.
Nearly 20.38% of Bitfarms Ltd’s shares belong to company insiders and institutional investors own 27.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56.63 million shares as on 2025-03-14, resulting in a short ratio of 1.73. According to the data, the short interest in Bitfarms Ltd (BITF) stood at 1193.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 68.07 million. The stock has fallen by -36.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BITF stock heading into the next quarter.
