When Would Be The Best Time To Buy Bitfarms Ltd. (NASDAQ: BITF) Stock?

Bitfarms Ltd. (NASDAQ:BITF) traded at $4.14 at last check on Monday, January 10, made a downward move of -3.61% on its previous day’s price.

Looking at the stock we see that its previous close was $4.29 and the beta (5Y monthly) reads 2.03 with the day’s price range being $4.2014 – $4.5399. In terms of its 52-week price range, BITF has a high of $9.36 and a low of $1.80. The company’s stock has lost about -33.28% over that past 30 days.

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Bitfarms Ltd. has a market cap of $1.12 billion and is expected to release its quarterly earnings report on Mar 23, 2022 – Mar 28, 2022.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Bitfarms Ltd. (BITF) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -18.11% off its SMA20 and -35.29% from its 50-day simple moving average. The RSI (14) is pointing at 33.25 while the volatility over the past week is 8.36% and jumps to 9.01% over the past one month. The average price target for the stock over the next 12 months is $7.97, with the estimates having a low of $7.97 and a high of $7.97. These price ends are -92.51% and -92.51% off the today’s price level respectively, although investors could be excited at the prospect of a -92.51% if the BITF share price touches on the median price of $7.97.

Coming back to Bitfarms Ltd. (NASDAQ:BITF), we note that the average 3-month trading volume was 8.12 million. Current shares outstanding are 166.94 million.

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The insiders hold 16.36% of the company’s shares while institutions hold 15.24%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -15.05% down in year-to-date price movement.