Bitfarms Ltd (NASDAQ: BITF): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

BITF belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. The current market capitalization of Bitfarms Ltd is $831.60M. A total of 59.22 million shares were traded on the day, compared to an average of 41.37M shares.

In the most recent transaction, MALON INVESTMENTS HOLDINGS COR bought 100,000 shares of BITF for 2.17 per share on Nov 07 ’24. In a previous transaction on Oct 15 ’24, MALON INVESTMENTS HOLDINGS COR bought 500,000 shares at 1.88 per share.

Among the insiders who bought shares, MALON INVESTMENTS HOLDINGS COR acquired of 600,000 shares on Oct 07 ’24 at a per-share price of $1.93. In another insider transaction, Bonta Nicolas bought 1,000,000 shares at $2.02 per share on Oct 04 ’24.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BITF has a high of $3.91 and a low of $1.48.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BITF’s latest balance sheet shows that the firm has $191.63M in Cash & Short Term Investments as of fiscal 2021. There were $84.74M in debt and $164.75M in liabilities at the time. Its Book Value Per Share was $1.13, while its Total Shareholder’s Equity was $359.01M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.86.

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