Bitfarms Stock Price on November 22, 2024

BITF Stock   2.43  0.01  0.41%   
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 2.43, as last reported on the 22nd of December, with the highest price reaching 2.45 and the lowest price hitting 2.29 during the day.
200 Day MA
3.0181
50 Day MA
2.9002
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 secures Sharpe Ratio (or Efficiency) of -0.0037, which signifies that the company had a -0.0037% return per unit of risk over the last 3 months. Bitfarms exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bitfarms' Risk Adjusted Performance of 0.0073, mean deviation of 4.78, and Standard Deviation of 6.21 to double-check the risk estimate we provide.
  
At this time, Bitfarms' Common Stock is very stable compared to the past year. As of the 22nd of December 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 22nd of December 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.

Sharpe Ratio = -0.0037

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Estimated Market Risk

 6.24
  actual daily
55
55% of assets are less volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  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
1.5671
Enterprise Value Ebitda
41.3777
Price Sales
6.2763
Shares Float
360.5 M
Wall Street Target Price
6.6395

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Bitfarms Valuation on November 22, 2024

It is possible to determine the worth of Bitfarms on a given historical date. On November 22, 2024 Bitfarms was worth 2.8 at the beginning of the trading date compared to the closed value of 2.96. 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
  3.12    3.20    2.78    2.87    7,756,834  
11/22/2024
  2.80    3.00    2.75    2.96    6,167,092  
  2.97    3.03    2.83    2.87    4,100,789  
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Open Value
2.8
2.96
Closing Value
21.53
Upside

Bitfarms Trading Date Momentum on November 22, 2024

On November 25 2024 Bitfarms was traded for  2.87  at the closing time. The highest price during the trading period was 3.03  and the lowest recorded bid was listed for  2.83 . The volume for the day was 4.1 M. This history from November 25, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.04% . The overall trading delta to the current price is 2.36% .

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 Quarterly Net Working Capital

190.85 Million

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 22, 2024
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High

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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 December 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.
When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.