In a filing, Bitfarms Ltd revealed 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 Monday, Bitfarms Ltd [NASDAQ:BITF] saw its stock fall -0.10% to $0.83. Over the last five days, the stock has gained 4.65%. Bitfarms Ltd shares have fallen nearly -43.97% since the year began. Nevertheless, the stocks have fallen -53.23% over the past one year. While a 52-week high of $3.28 was reached on 01/06/25, a 52-week low of $0.67 was recorded on 04/09/25. SMA at 50 days reached $1.0628, while 200 days put it at $1.8089.
Levels Of Support And Resistance For BITF Stock
The 24-hour chart illustrates a support level at 0.8149, which if violated will result in even more drops to 0.7950. On the upside, there is a resistance level at 0.8714. A further resistance level may holdings at 0.9080. The Relative Strength Index (RSI) on the 14-day chart is 43.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0313, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.05%. Stochastics %K at 75.20% indicates the stock is a holding.
How much short interest is there in Bitfarms Ltd?
A steep rise in short interest was recorded in Bitfarms Ltd stocks on 2025-03-31, dropping by -1.76 million shares to a total of 57.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 59.41 million shares. There was a decline of -3.06%, 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.
