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 jump 2.54% to $0.81. Over the last five days, the stock has lost -23.75%. Bitfarms Ltd shares have fallen nearly -45.76% since the year began. Nevertheless, the stocks have fallen -63.76% over the past one year. While a 52-week high of $3.28 was reached on 01/06/25, a 52-week low of $0.77 was recorded on 04/01/25. SMA at 50 days reached $1.2438, while 200 days put it at $1.9394.
Levels Of Support And Resistance For BITF Stock
The 24-hour chart illustrates a support level at 0.7674, which if violated will result in even more drops to 0.7266. On the upside, there is a resistance level at 0.8330. A further resistance level may holdings at 0.8578. The Relative Strength Index (RSI) on the 14-day chart is 30.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1855, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.75%. Stochastics %K at 7.99% indicates the stock is a buying.
How much short interest is there in Bitfarms Ltd?
A steep rise in short interest was recorded in Bitfarms Ltd stocks on 2025-03-14, dropping by -11.43 million shares to a total of 56.63 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 68.07 million shares. There was a decline of -20.19%, which implies that there is a negative sentiment for the stock.
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.
