In yesterday’s Wall Street session, Bitfarms Ltd (NASDAQ:BITF) shares traded at $1.59, down -5.36% from the previous session.
BITF stock price is now -22.71% away from the 50-day moving average and -27.04% away from the 200-day moving average. The market capitalization of the company currently stands at $751.28M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $6, Alliance Global Partners recently initiated with Buy rating for Bitfarms Ltd (NASDAQ: BITF). , while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, MALON INVESTMENTS HOLDINGS COR, Former Director bought 100,000 shares of the company’s stock on Nov 07 ’24. The stock was bought for $217,120 at an average price of $2.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Former Director MALON INVESTMENTS HOLDINGS COR bought 500,000 shares of the business’s stock. A total of $939,150 was incurred on buying the stock at an average price of $1.88. A total of 19.16% of the company’s stock is owned by insiders.
During the past 12 months, Bitfarms Ltd has had a low of $1.52 and a high of $3.91. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.70, and a quick ratio of 3.68. The fifty day moving average price for BITF is $2.0624 and a two-hundred day moving average price translates $2.184825 for the stock.
The latest earnings results from Bitfarms Ltd (NASDAQ: BITF) was released for 2024-09-30. The net profit margin was -69.08% and return on equity was -31.62% for BITF. The company reported revenue of $44.85 million for the quarter, compared to $34.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.65 percent.
