Bitfarms Stock Price on February 15, 2024
| BITF Stock | USD 2.02 0.15 8.02% |
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 2.02, as last reported on the 22nd of May, with the highest price reaching 2.02 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. Bitfarms secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Bitfarms exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bitfarms' Risk Adjusted Performance of (0.08), standard deviation of 5.53, and Mean Deviation of 4.08 to double-check the risk estimate we provide.
At this time, Bitfarms' Capital Stock is most likely to increase significantly in the upcoming years. The Bitfarms' current Stock Based Compensation is estimated to increase to about 14.6 M, 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 (6.84). 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 1.8968 | 50 Day MA 2.0093 | Beta 3.327 |
Bitfarms |
Sharpe Ratio = -0.1257
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| Negative Returns | BITF |
Estimated Market Risk
| 5.54 actual daily | 49 51% of assets are more volatile |
Expected Return
| -0.7 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bitfarms is not performing at its full potential. However, 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 Bitfarms to a well-diversified portfolio.
Price Book 2.0519 | Enterprise Value Ebitda (66.20) | Price Sales 4.153 | Shares Float 325 M | Wall Street Target Price 4.04 |
Bitfarms Valuation on February 15, 2024
It is possible to determine the worth of Bitfarms on a given historical date. On February 15, 2024 Bitfarms was worth 3.61 at the beginning of the trading date compared to the closed value of 3.48. 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 | |
| 3.36 | 3.50 | 3.24 | 3.49 | 34,857,137 | |
02/15/2024 | 3.61 | 3.65 | 3.33 | 3.48 | 37,760,879 |
| 3.53 | 3.68 | 3.37 | 3.61 | 33,221,374 |
| Backtest Bitfarms | | | Bitfarms History | | | Bitfarms Valuation | Previous | Next |
Bitfarms Trading Date Momentum on February 15, 2024
| On February 16 2024 Bitfarms was traded for 3.61 at the closing time. The top price for the day was 3.68 and the lowest listed price was 3.37 . The trading volume for the day was 33.2 M. The trading history from February 16, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 3.74% . The overall trading delta against the current closing price is 12.07% . |
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 | February 15, 2024
| High |
3.61 | 3.48 |
Bitfarms May 22, 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 | (0.08) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (0.28) |
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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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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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Is Bitfarms' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.558 | Quarterly Revenue Growth 0.71 | Return On Assets (0.11) | Return On Equity (0.38) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.