Do Analysts Expect Bitfarms Ltd (BITF) Stock to Rise After It Is Lower By -2.86% in a Month?

Analysts who follow Bitfarms Ltd (BITF) on average expect it to add 145.70% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 73, which means it ranks higher than 73 of stocks, based on data compiled by InvestorsObserver.

Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Bitfarms Ltd Stock Today?
Bitfarms Ltd (BITF) stock is trading at $4.07 as of 10:23 AM on Monday, Feb 14, a gain of $0.17, or 4.41% from the previous closing price of $3.90. The stock has traded between $4.00 and $4.18 so far today. Volume today is less active than usual. So far 1,934,128 shares have traded compared to average volume of 7,547,942 shares.