NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → The A.I. story nobody is telling you (Read ASAP) (From TradeSmith) (Ad) Free BITF Stock Alerts $1.85 +0.05 (+2.78%) (As of 05/9/2024 ET) Add Compare Share Share Today's Range$1.76▼$1.8550-Day Range$1.71▼$2.9352-Week Range$0.92▼$3.91Volume8.43 million shsAverage Volume23.60 million shsMarket Capitalization$659.14 millionP/E RatioN/ADividend YieldN/APrice Target$4.20 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside127.0% Upside$4.20 Price TargetShort InterestHealthy9.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.63Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.09) to $0.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.08 out of 5 starsBusiness Services Sector226th out of 310 stocksNondepository Credit Institutions Industry34th out of 48 stocks 3.5 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 3 research reports in the past 90 days.Read more about Bitfarms' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.26% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 2.02%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldBitfarms does not currently pay a dividend.Dividend GrowthBitfarms does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BITF. Previous Next 3.1 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Bitfarms this week, compared to 3 articles on an average week.Search InterestOnly 26 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.MarketBeat Follows18 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.50% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.59% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.09) to $0.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Bitfarms is -5.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBitfarms has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Bitfarms' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeGold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! About Bitfarms Stock (NASDAQ:BITF)Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.Read More BITF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BITF Stock News HeadlinesApril 23, 2024 | marketbeat.comBeyond the Halving: The Future of Bitcoin Mining StocksBitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.April 23, 2024 | marketbeat.comBeyond the Halving: The Future of Bitcoin Mining Stocks (BITF)The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.May 9, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.April 30, 2024 | investorplace.com3 Hot Penny Stocks That Can Rocket 100% in the Blink of an EyeApril 29, 2024 | thestreet.comThe Runes protocol has been a boon for bitcoin miners, but will the frenzy last?April 29, 2024 | seekingalpha.comBitfarms: Efficiency Deserves A Price PremiumApril 29, 2024 | americanbankingnews.comBitfarms Ltd. to Post Q1 2024 Earnings of ($0.02) Per Share, Northland Capmk Forecasts (NASDAQ:BITF)April 26, 2024 | globenewswire.comBitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024May 9, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.April 18, 2024 | investorplace.com7 Under-The-Radar Penny Stocks to Buy for Multibagger Returns: April 2024April 12, 2024 | globenewswire.comBitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham FacilitiesApril 7, 2024 | investorplace.comFrom Pennies to Profits: 3 Stocks That Could Transform Your $100 into a GrandApril 6, 2024 | investorplace.comThe 3 Most Undervalued Penny Stocks to Buy in April 2024April 5, 2024 | investorplace.comPenny Stock Powerhouses: 3 Picks Ready to Soar 1,000% in 2024April 3, 2024 | thestreet.comIndustry leaders discuss growth of public bitcoin miners, projected at $20 billionApril 1, 2024 | investorplace.com3 Penny Stocks on the Brink of GreatnessApril 1, 2024 | msn.comWhy Ethereum Classic Is VolatileApril 1, 2024 | msn.comBitcoin mining sees higher profitability ahead of halving, JPMorgan report findsApril 1, 2024 | globenewswire.comBitfarms Announces March 2024 Production and Operations UpdateMarch 27, 2024 | investorplace.comThe 7 Best Penny Stocks to Buy in Q2 2024March 27, 2024 | investorplace.com3 Penny Stocks That Can 10X in the Blink of an EyeMarch 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Open Lending (LPRO) and Bitfarms (BITF)March 25, 2024 | benzinga.comA Closer Look at Bitfarms's Options Market DynamicsMarch 25, 2024 | investorplace.com3 Stocks Under $5 Ready to Outpace the MarketMarch 25, 2024 | globenewswire.comBitfarms Announces CEO TransitionMarch 22, 2024 | investorplace.com3 Sub-$10 Stocks Poised to Triple Before 2025 EndsMarch 22, 2024 | investorplace.com3 Meme Stocks That Could Double Your Money in Just 3 MonthsSee More Headlines Receive BITF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bitfarms and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/07/2024Today5/09/2024Next Earnings (Confirmed)5/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees170Year FoundedN/APrice Target and Rating Average Stock Price Target$4.20 High Stock Price Target$5.00 Low Stock Price Target$4.00 Potential Upside/Downside+130.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.37) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-70.53% Pretax Margin-71.35% Return on Equity-19.58% Return on Assets-16.13% Debt Debt-to-Equity Ratio0.04 Current Ratio1.88 Quick Ratio1.88 Sales & Book Value Annual Sales$146.37 million Price / Sales4.44 Cash Flow$0.09 per share Price / Cash Flow19.56 Book Value$0.88 per share Price / Book2.07Miscellaneous Outstanding Shares356,290,000Free Float322,444,000Market Cap$649.30 million OptionableOptionable Beta3.65 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $552.47kMr. Benjamin GagnonChief Mining OfficerMr. Benoit GobeilExecutive Vice President - Infrastructure and OperationsMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Ms. Stephanie WargoVice President of Marketing & CommunicationsMr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsBitdeer Technologies GroupNASDAQ:BTDRAMTD DigitalNYSE:HKDCompoSecureNASDAQ:CMPOMoneyLionNYSE:MLGreen DotNYSE:GDOTView All CompetitorsInstitutional OwnershipMitsubishi UFJ Asset Management Co. Ltd.Sold 12,221 shares on 5/9/2024Ownership: 0.024%Headlands Technologies LLCSold 7,403 shares on 5/8/2024Ownership: 0.003%Swiss National BankBought 642,000 shares on 5/7/2024Ownership: 0.180%VitalStone Financial LLCBought 16,500 shares on 5/6/2024Ownership: 0.005%Mirae Asset Global Investments Co. Ltd.Sold 230,975 shares on 5/1/2024Ownership: 0.813%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BITF shares. View BITF analyst ratings or view top-rated stocks. What is Bitfarms' stock price target for 2024? 5 Wall Street analysts have issued 1-year target prices for Bitfarms' shares. Their BITF share price targets range from $4.00 to $5.00. On average, they anticipate the company's stock price to reach $4.20 in the next twelve months. This suggests a possible upside of 127.0% from the stock's current price. View analysts price targets for BITF or view top-rated stocks among Wall Street analysts. How have BITF shares performed in 2024? Bitfarms' stock was trading at $2.91 at the beginning of 2024. Since then, BITF stock has decreased by 36.4% and is now trading at $1.85. View the best growth stocks for 2024 here. When is Bitfarms' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) issued its earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The business earned $46.24 million during the quarter, compared to the consensus estimate of $39.68 million. Bitfarms had a negative trailing twelve-month return on equity of 19.58% and a negative net margin of 70.53%. During the same period in the previous year, the business posted ($0.07) EPS. What ETFs hold Bitfarms' stock? ETFs with the largest weight of Bitfarms (NASDAQ:BITF) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Bitwise Crypto Industry Innovators ETF (BITQ) and iShares Blockchain and Tech ETF (IBLC). Who are Bitfarms' major shareholders? Bitfarms' stock is owned by a variety of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (1.06%), Mirae Asset Global Investments Co. Ltd. (0.81%), Swiss National Bank (0.18%), Simplex Trading LLC (0.00%), IMC Chicago LLC (0.00%) and Mitsubishi UFJ Asset Management Co. Ltd. (0.02%). How do I buy shares of Bitfarms? Shares of BITF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BITF) was last updated on 5/9/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithGold Set to EXPLODE!Gold Safe ExchangeThe Crypto 9-5 Escape PlanCrypto 101 MediaThe “Next Bitcoin”? 10 CENT Crypto Set to ExplodeTrue Market InsidersUrgent Nvidia WarningAltimetryObama’s Forever Term [exposed]Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bitfarms Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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