Brian Howlett Sells 30,000 Shares of Bitfarms Ltd. (TSE:BITF) Stock

On Thursday, December 19th, Brian Howlett, a director at Bitfarms Ltd. (TSE:BITF), sold 30,000 shares of the company’s stock. The shares were sold at an average price of C$2.44, amounting to a total of C$73,200.00.

Previously, on Friday, September 27th, Howlett purchased 4,500 shares of Bitfarms at a price of C$3.01 per share, resulting in a total transaction of C$13,545.00.

Latest Stock Performance

As of Friday, Bitfarms stock opened at C$2.43. The company has seen a 52-week low of C$2.12 and a high of C$5.25. Its 50-day moving average stands at C$2.89, while the 200-day moving average is at C$3.11. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -4.86, and a beta of 3.20, indicating high volatility.

Analysts' Perspective

In related news, ATB Capital updated their target price for Bitfarms shares on November 14th, lowering it from C$7.00 to C$6.50.

About Bitfarms Ltd.

Bitfarms Ltd. is engaged in cryptocurrency mining across Canada, the United States, Paraguay, and Argentina. The company operates server farms that validate transactions on the Bitcoin blockchain, earning cryptocurrency through block rewards and transaction fees. Additionally, they offer electrical services to residential and commercial clients in Quebec, Canada.

Considerations for Investors

Before making any investment decisions regarding Bitfarms, it's important to consider various factors. Although analysts currently rate Bitfarms as a "Buy," comparisons with other stocks may reveal more attractive options. A review of top analyst recommendations suggests that there are five other stocks currently regarded as better investment opportunities.

Bitfarms, Shares, Stock