Bitfarms Stock Price on May 20, 2024
| BITF Stock | USD 2.05 0.06 2.84% |
Below is the normalized historical share price chart for Bitfarms extending back to August 16, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bitfarms stands at 2.05, as last reported on the 26th of November, with the highest price reaching 2.17 and the lowest price hitting 2.02 during the day.
If you're considering investing in Bitfarms Stock, it is important to understand the factors that can impact its price. At this point, Bitfarms is dangerous. Bitfarms secures Sharpe Ratio (or Efficiency) of 0.0154, which signifies that the company had a 0.0154% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bitfarms, which you can use to evaluate the volatility of the firm. Please confirm Bitfarms' Risk Adjusted Performance of 0.0178, mean deviation of 4.64, and Downside Deviation of 5.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0927%.
At this time, Bitfarms' Stock Based Compensation is most likely to decrease significantly in the upcoming years. The Bitfarms' current Stock Based Compensation To Revenue is estimated to increase to 0.08, while Common Stock Shares Outstanding is projected to decrease to roughly 142.9 M. . At this time, Bitfarms' Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years. The Bitfarms' current Price To Operating Cash Flows Ratio is estimated to increase to 33.34, while Price Earnings Ratio is forecasted to increase to (6.97). Bitfarms Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of August 2018 | 200 Day MA 2.2856 | 50 Day MA 2.058 | Beta 3.177 |
Bitfarms |
Sharpe Ratio = 0.0154
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| Cash | Small Risk | Average Risk | BITF | Huge Risk |
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Estimated Market Risk
| 6.03 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Bitfarms is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bitfarms by adding it to a well-diversified portfolio.
Price Book 1.9471 | Enterprise Value Ebitda 23.4873 | Price Sales 5.4677 | Shares Float 360.5 M | Wall Street Target Price 4.1667 |
Bitfarms Valuation on May 20, 2024
It is possible to determine the worth of Bitfarms on a given historical date. On May 20, 2024 Bitfarms was worth 1.78 at the beginning of the trading date compared to the closed value of 1.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bitfarms stock. Still, in general, we apply an absolute valuation method to find Bitfarms' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bitfarms where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bitfarms' related companies.
| Open | High | Low | Close | Volume | |
| 1.77 | 1.86 | 1.74 | 1.75 | 14,678,140 | |
05/20/2024 | 1.78 | 1.85 | 1.72 | 1.84 | 13,378,900 |
| 1.83 | 1.93 | 1.81 | 1.87 | 27,693,711 |
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Bitfarms Trading Date Momentum on May 20, 2024
| On May 21 2024 Bitfarms was traded for 1.87 at the closing time. The top price for the day was 1.93 and the lowest listed price was 1.81 . The trading volume for the day was 27.7 M. The trading history from May 21, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 1.63% . The overall trading delta against the current closing price is 20.11% . |
Bitfarms Fundamentals Correlations and Trends
By evaluating Bitfarms' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bitfarms' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bitfarms financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bitfarms Stock history
Bitfarms investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bitfarms is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bitfarms will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bitfarms stock prices may prove useful in developing a viable investing in Bitfarms
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 262.2 M | 142.9 M | |
| Net Loss | -215.1 M | -204.4 M |
Bitfarms Stock Technical Analysis
Bitfarms technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bitfarms Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Bitfarms cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bitfarms November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Bitfarms stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bitfarms shares will generate the highest return on investment. By undertsting and applying Bitfarms stock market strength indicators, traders can identify Bitfarms entry and exit signals to maximize returns
Bitfarms Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bitfarms' price direction in advance. Along with the technical and fundamental analysis of Bitfarms Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bitfarms to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0143 |
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Complementary Tools for Bitfarms Stock analysis
When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.
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