Shares of Bitfarms Ltd. (TSE:BITF - Get Free Report) hit a new 52-week low on Monday following insider selling activity. The company traded as low as C$0.98 and last traded at C$1.07, with a volume of 2561043 shares traded. The stock had previously closed at C$1.07.
Specifically, Director Brian Howlett sold 32,001 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$1.16, for a total transaction of C$37,121.16.
Wall Street Analyst Weigh In
Separately, ATB Capital decreased their price objective on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating on the stock in a report on Friday, March 28th.
Get Our Latest Analysis on Bitfarms
Bitfarms Stock Up 2.8 %
The business has a 50 day simple moving average of C$1.57 and a 200 day simple moving average of C$2.28. The company has a market capitalization of C$392.81 million, a price-to-earnings ratio of -2.52 and a beta of 3.20. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63.
About Bitfarms
(
Get Free Report)
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.
Further Reading
Before you consider Bitfarms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitfarms wasn't on the list.
While Bitfarms currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
