Bitfarms Stock Price on November 18, 2024

BITF Stock  USD 2.01  0.13  6.07%   
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 2.01, as last reported on the 11th of December 2024, with the highest price reaching 2.14 and the lowest price hitting 1.98 during the day.
IPO Date
28th of August 2018
200 Day MA
2.2296
50 Day MA
2.061
Beta
3.177
 
Covid
If you're considering investing in Bitfarms Stock, it is important to understand the factors that can impact its price. Bitfarms appears to be dangerous, given 3 months investment horizon. Bitfarms secures Sharpe Ratio (or Efficiency) of 0.0335, which signifies that the company had a 0.0335% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bitfarms, which you can use to evaluate the volatility of the firm. Please makes use of Bitfarms' Risk Adjusted Performance of 0.0365, downside deviation of 5.32, and Mean Deviation of 4.8 to double-check if our risk estimates are consistent with your expectations.
  
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.

Sharpe Ratio = 0.0335

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Estimated Market Risk

 6.19
  actual daily
55
55% of assets are less volatile

Expected Return

 0.21
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.03
  actual daily
2
98% of assets perform better
Based on monthly moving average Bitfarms is performing at about 2% 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
1.8548
Enterprise Value Ebitda
50.3497
Price Sales
5.1944
Shares Float
360.5 M
Wall Street Target Price
4.4286

Related Headline

Brookfield Corp Headline on 18th of November 2024

Filed transaction by Brookfield Corp 10 Percent Owner. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Bitfarms Valuation on November 18, 2024

It is possible to determine the worth of Bitfarms on a given historical date. On November 18, 2024 Bitfarms was worth 2.22 at the beginning of the trading date compared to the closed value of 2.16. 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
  2.19    2.28    2.10    2.25    41,998,403  
11/18/2024
  2.22    2.32    2.07    2.16    50,305,981  
  2.14    2.30    2.05    2.23    54,391,320  
Backtest Bitfarms  |  Bitfarms History  |  Bitfarms Valuation   PreviousNext  
Open Value
2.22
2.16
Closing Value
20.80
Upside

Bitfarms Trading Date Momentum on November 18, 2024

On November 19 2024 Bitfarms was traded for  2.23  at the closing time. The top price for the day was 2.30  and the lowest listed price was  2.05 . The trading volume for the day was 54.4 M. The trading history from November 19, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 3.24% . The overall trading delta against the current closing price is 0.46% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding262.2 M142.9 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.
A focus of Bitfarms technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bitfarms trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Bitfarms Period Price Range

Low
December 11, 2024
0.00  NaN%
High

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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 December 11, 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.

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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