The trading price of Bitfarms Ltd (NASDAQ:BITF) closed higher on Friday, May 23, and closing at $1.07, 2.10% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.05 and $1.0899. In examining the 52-week price action we see that the stock hit a 52-week high of $3.28 and a 52-week low of $0.67. Over the past month, the stock has gained 4.08% in value.
Bitfarms Ltd, whose market valuation is $595.99 million at the time of this writing, is expected to release its quarterly earnings report on 2025-May-13. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 79.8M for the current quarter, with the likely lows of 67.52M and highs of 88.6M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 328.63M.
On the technical side, indicators suggest BITF has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BITF a recommendation rating is 5. Out of them, 0 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Bitfarms Ltd (BITF) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BITF’s price is currently 0.76% off the SMA20 and 10.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.00, and weekly volatility stands at 2.19%. When measured over the past 30 days, the indicator reaches 3.61%. Bitfarms Ltd (NASDAQ:BITF)’s beta value is currently sitting at 3.97, while the Average True Range indicator is currently displaying 0.08. With analysts defining $3.25-$3.25 as the low and high price targets, we arrive at a consensus price target of $3.25 for the trailing 12-month period. The current price is about -203.74% off the estimated low and -203.74% off the forecast high, based on this estimate. Investors will be thrilled if BITF’s share price rises to $3.25, which is the median consensus price. At that level, BITF’s share price would be -203.74% below current price.
To see how Bitfarms Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: BITF stock’s performance was 2.10% in the latest trading, and -47.45% in the past year.
An evaluation of the daily trading volume of Bitfarms Ltd (NASDAQ:BITF) indicates that the 3-month average is 20.98 million. However, this figure has increased over the past 10 days to an average of 26.67.
Currently, records show that 553.64 million of the company’s shares remain outstanding. The insiders hold 20.46% of outstanding shares, whereas institutions hold 20.24%. The stats also highlight that short interest as of 2025-04-30, stood at 52.56 million shares, resulting in a short ratio of 4.31 at that time. From this, we can conclude that short interest is 983.00 of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 57.65 million. However, since the stock’s price has seen -28.05% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
