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Stock impact report

Bitfarms Ltd. (BITF) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]

Bitfarms Ltd. (BITF) 
Company Research Source: Yahoo! Finance
Bitfarms Ltd. (BITF) closed at $2.20 in the latest trading session, marking a -5.58% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.43%. At the same time, the Dow lost 1.05%, and the tech-heavy Nasdaq lost 0.92%. Shares of the company have depreciated by 4.9% over the course of the past month, underperforming the Business Services sector's loss of 4.77%, and the S&P 500's loss of 0.5%. The investment community will be closely monitoring the performance of Bitfarms Ltd. in its forthcoming earnings report. In that report, analysts expect Bitfarms Ltd. to post earnings of -$0.04 per share. This would mark a year-over-year decline of 233.33%. In the meantime, our current consensus estimate forecasts the revenue to be $59.63 million, indicating a 6.17% growth compared to the corresponding quarter of the prior year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.28 per share and a revenue of $273.53 Show less Read more
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