Bitfarms Ltd (NASDAQ:BITF) price on Wednesday, July 02, rose 19.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.01.
A look at the stock’s price movement, the close in the last trading session was $0.84, moving within a range at $0.84 and $1.02. The beta value (5-Year monthly) was 4.159. Turning to its 52-week performance, $3.15 and $0.67 were the 52-week high and 52-week low respectively. Overall, BITF moved 10.24% over the past month.
Bitfarms Ltd’s market cap currently stands at around $561.52 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-14.
Analysts have a consensus estimate of 79.8M for the company’s revenue for the quarter, with a low and high estimate of 67.52M and 88.6M respectively. The average forecast suggests up to a 92.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 328.63M, representing a 70.38% jump on that reported in the last financial year.
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% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend BITF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BITF’s current price about 18.91% and 5.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.81, while 7-day volatility ratio is 10.14% and 6.77% in the 30-day chart. Further, Bitfarms Ltd (BITF) has a beta value of 3.80. Analysts have given the company’s stock an average 52-week price target of $3.25, forecast between a low of $3.25 and high of $3.25. Looking at the price targets, the low is -221.78% off current price level while to achieve the yearly target high, price needs to move -221.78%. Nonetheless, investors will most likely welcome a -221.78% jump to $3.25 which is the analysts’ median price.
If we refocus on Bitfarms Ltd (NASDAQ:BITF), historical trading data shows that trading volumes averaged 15.74 over the past 10 days and 14.75 million over the past 3 months. The company’s latest data on shares outstanding shows there are 553.64 million shares.
The 13.72% of Bitfarms Ltd’s shares are in the hands of company insiders while institutional holders own 20.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 44.07 million on 2025-06-13, giving us a short ratio of 2.14. The data shows that as of 2025-06-13 short interest in Bitfarms Ltd (BITF) stood at 821.00004 of shares outstanding, with shares short falling to 52.1 million registered in 2025-05-15. Current price change has pushed the stock -60.70% 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.
