The Question Is Whether To Buy Or Not To Buy Bitfarms Ltd. (NASDAQ: BITF)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Bitfarms Earns 357 BTC in January 2024.

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Stocks Info

Bitfarms Ltd. is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $2.72 and fluctuated between $2.7700 as its day high and $2.5240 as its day low. The current market capitalization of Bitfarms Ltd. is $821.06M. A total of 40.63 million shares were traded on the day, compared to an average of 1.42 shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BITF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 13 SELLs from insiders. Insiders purchased 433,502 shares during that period but sold 360,920.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BITF in the last 3 months, the mean price target is $4.31 with high estimates of $7.00 and low estimates of $2.23. In terms of 52-week highs and lows, BITF has a high of $3.56 and a low of $0.68.

As of this writing, BITF has an earnings estimate of $Bitwise Bitcoin ETF Common Shar per share for the current quarter. EPS was calculated based on a consensus of BTF estimates, with a high estimate of $Bitfarms Ltd. per share and a lower estimate of $BITQ.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BITF’s latest balance sheet shows that the firm has $191.30M in Cash & Short Term Investments as of fiscal 2021. There were $84.74M in debt and $101.18M in liabilities at the time. Its Book Value Per Share was $1.04, while its Total Shareholder’s Equity was $422.58M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BITF is Buy with a score of 4.80.

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