Bitfarms Stock Price on November 21, 2024
| BITF Stock | 2.78 0.09 3.14% |
Below is the normalized historical share price chart for Bitfarms extending back to July 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 2.78, as last reported on the 27th of November, with the highest price reaching 2.93 and the lowest price hitting 2.74 during the day.
If you're considering investing in Bitfarms Stock, it is important to understand the factors that can impact its price. As of now, Bitfarms Stock is dangerous. Bitfarms secures Sharpe Ratio (or Efficiency) of 0.0146, which signifies that the company had a 0.0146% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bitfarms, which you can use to evaluate the volatility of the firm. Please confirm Bitfarms' Downside Deviation of 5.35, risk adjusted performance of 0.0165, and Mean Deviation of 4.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.0853%.
At this time, Bitfarms' Common Stock is very stable compared to the past year. As of the 27th of November 2024, Capital Stock is likely to grow to about 556.6 M, while Total Stockholder Equity is likely to drop about 166.5 M. . At this time, Bitfarms' Price Sales Ratio is very stable compared to the past year. As of the 27th of November 2024, Price Fair Value is likely to grow to 3.32, though Price Earnings Ratio is likely to grow to (6.97). Bitfarms Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.1386 | 50 Day MA 2.8412 | Beta 3.177 |
Bitfarms |
Sharpe Ratio = 0.0146
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| Cash | Small Risk | Average Risk | BITF | Huge Risk |
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Estimated Market Risk
| 5.83 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 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 1.9006 | Enterprise Value Ebitda 51.7588 | Price Sales 7.4119 | Shares Float 360.5 M | Wall Street Target Price 4.638 |
Bitfarms Valuation on November 21, 2024
It is possible to determine the worth of Bitfarms on a given historical date. On November 21, 2024 Bitfarms was worth 3.12 at the beginning of the trading date compared to the closed value of 2.87. 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 | |
| 3.17 | 3.25 | 2.95 | 3.03 | 5,635,286 | |
11/21/2024 | 3.12 | 3.20 | 2.78 | 2.87 | 7,756,834 |
| 2.80 | 3.00 | 2.75 | 2.96 | 6,167,092 |
| Backtest Bitfarms | | | Bitfarms History | | | Bitfarms Valuation | Previous | Next |
Bitfarms Trading Date Momentum on November 21, 2024
| On November 22 2024 Bitfarms was traded for 2.96 at the closing time. The highest price during the trading period was 3.00 and the lowest recorded bid was listed for 2.75 . The volume for the day was 6.2 M. This history from November 22, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 3.14% . The overall trading delta to the current price is 2.44% . |
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 Quarterly Net Working Capital |
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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 27, 2024
| High |
0.00 | 0.00 |
Bitfarms cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 27, 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 | 0.0165 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0248 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.