With 56.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 45.32 million shares. The 52-week range on BITF shows that it touched its highest point at $3.91 and its lowest point at $1.28 during that stretch. It currently has a 1-year price target of $4.62. Beta for the stock currently stands at 3.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BITF was down-trending over the past week, with a drop of -5.71%, but this was down by -20.48% over a month. Three-month performance dropped to -38.89% while six-month performance fell -44.07%. The stock lost -61.85% in the past year, while it has lost -11.41% so far this year. A look at the trailing 12-month EPS for BITF yields -0.34 with Next year EPS estimates of 0.06. For the next quarter, that number is -0.04. This implies an EPS growth rate of 46.50% for this year and 128.04% for next year.
Float and Shares Shorts:
At present, 452.94 million BITF shares are outstanding with a float of 364.87 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BITF since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.20381 being high and -$0.22419 being low. For BITF, this leads to a yearly average estimate of -$0.214. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
