Bitfarms Ltd. (BITF) Stock Dips While Market Gains: Key Facts

From Nasdaq: 2024-11-08 18:15:04

In the latest trading session, Bitfarms Ltd. (BITF) closed at $2.24, a -0.44% shift from the previous day. The stock has climbed 28.57% in the past month, outperforming the sector and S&P 500. Earnings report on Nov 12, 2024, projects EPS at -$0.12 and revenue at $44.68 million, showing growth potential.

Analyst estimates for Bitfarms Ltd. indicate a challenging year ahead with projected earnings of -$0.30 per share and revenue of $205.52 million. Recent modifications suggest caution, with a Zacks Rank of #4 (Sell). The Technology Services industry ranks in the top 29%, indicating potential growth opportunities for investors.

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