Bitfarms Ltd’s recently made public that its Former Director MALON INVESTMENTS HOLDINGS COR acquired Company’s shares for reported $0.22 million on Nov 07 ’24. In the deal valued at $2.17 per share,100,000 shares were bought.
Then, MALON INVESTMENTS HOLDINGS COR bought 500,000 shares, generating $939,150 in total proceeds.
Before that, MALON INVESTMENTS HOLDINGS COR bought 600,000 shares. Bitfarms Ltd shares valued at $1,158,717 were divested by the Former Director at a price of $1.93 per share.
Keefe Bruyette initiated its Bitfarms Ltd [BITF] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. H.C. Wainwright started covering the stock on June 04, 2024. It rated BITF as “a Buy”.
Price Performance Review of BITF
On Tuesday, Bitfarms Ltd [NASDAQ:BITF] saw its stock fall -8.87% to $1.13. Over the last five days, the stock has lost -19.29%. Bitfarms Ltd shares have fallen nearly -24.16% since the year began. Nevertheless, the stocks have fallen -64.58% over the past one year. While a 52-week high of $3.91 was reached on 01/06/25, a 52-week low of $1.23 was recorded on 02/25/25. SMA at 50 days reached $1.5752, while 200 days put it at $2.0649.
Levels Of Support And Resistance For BITF Stock
The 24-hour chart illustrates a support level at 1.0767, which if violated will result in even more drops to 1.0233. On the upside, there is a resistance level at 1.1967. A further resistance level may holdings at 1.2633. The Relative Strength Index (RSI) on the 14-day chart is 28.07, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1279, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.36%. Stochastics %K at 10.35% indicates the stock is a buying.
The most recent change occurred on December 14, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.
