HBW Advisory Services LLC bought a new position in Bitfarms Ltd. (NASDAQ:BITF – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $63,000.
Other large investors have also recently bought and sold shares of the company. Shariaportfolio Inc. purchased a new position in Bitfarms during the fourth quarter worth about $2,051,000. Vima LLC bought a new stake in Bitfarms during the fourth quarter valued at approximately $91,000. Evanson Asset Management LLC grew its stake in Bitfarms by 58.1% in the 1st quarter. Evanson Asset Management LLC now owns 28,456 shares of the company’s stock worth $63,000 after buying an additional 10,457 shares in the last quarter. CCG Wealth Management LLC bought a new position in shares of Bitfarms in the 1st quarter worth $50,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Bitfarms during the 1st quarter valued at $37,000. 20.59% of the stock is owned by institutional investors.
Bitfarms Stock Performance
NASDAQ BITF opened at $2.02 on Friday. The firm has a market cap of $826.80 million, a price-to-earnings ratio of -5.32 and a beta of 3.63. The company has a 50-day simple moving average of $2.16 and a two-hundred day simple moving average of $2.24. The company has a quick ratio of 5.09, a current ratio of 5.11 and a debt-to-equity ratio of 0.03. Bitfarms Ltd. has a 12-month low of $0.92 and a 12-month high of $3.91.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of Bitfarms in a research note on Thursday. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Bitfarms in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.66.
Read Our Latest Stock Report on Bitfarms
About Bitfarms
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.
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