TSE:BITF Bitfarms (BITF) Stock Price, News & Analysis → Man who spotted Apple at $1.49 says: “Buy These 6 AI Stocks.” (From InvestorPlace) (Ad) Free BITF Stock Alerts C$2.37 -0.06 (-2.47%) (As of 05/17/2024 ET) Add Compare Share Share Today's RangeC$2.37▼C$2.5350-Day RangeC$2.19▼C$3.3652-Week RangeC$1.26▼C$5.25Volume4.19 million shsAverage Volume4.13 million shsMarket CapitalizationC$791.94 millionP/E RatioN/ADividend YieldN/APrice TargetC$6.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside174.3% UpsideC$6.50 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment-0.04Based on 7 Articles This WeekInsider TradingSelling SharesC$18,287 Sold Last QuarterProj. Earnings GrowthN/ASee 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.0.83 out of 5 stars 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 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 1 research reports in the past 90 days.Read more about Bitfarms' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BITF. 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 1.1 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of -0.04. 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 lower news sentiment than the 0.59 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Bitfarms this week, compared to 2 articles on an average week.Search InterestOnly 24 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$18,287.00 in company stock.Percentage Held by InsidersOnly 4.42% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.22% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -4.31, 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 -4.31, 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 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceBible Shocker: Have You Seen Elon Musk’s Miracle?Breaking News: Elon Musk Invents New Type of A.I. (Shocking) Elon Musk is about to shock the world again with this new type of A.I.… Minting new millionaires in the process.Click here for the full story… About Bitfarms Stock (TSE: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 HeadlinesMay 15, 2024 | marketwatch.comBitfarms Shares Gain on Narrowed Loss, Revenue GrowthMay 15, 2024 | markets.businessinsider.comBitfarms Ltd. Reports Q1 Loss, Lags Revenue EstimatesMay 13, 2024 | msn.comBitfarms CEO steps down amid intensifying legal disputeMay 13, 2024 | marketwatch.comBitfarms Terminates CEO Geoffrey Morphy Early as Former Exec Launches LawsuitMay 13, 2024 | markets.businessinsider.comBitfarms Terminates Geoffrey Morphy; Nicolas Bonta Appointed As Interim President & CEOMay 13, 2024 | financialpost.comBitcoin Miner Bitfarms Fires Interim CEO Early After Exec Files $27 Million LawsuitMay 12, 2024 | markets.businessinsider.comBitfarms earnings preview: what Wall Street is expectingMay 11, 2024 | finance.yahoo.comBitfarms Ltd. (BITF)May 1, 2024 | finance.yahoo.comBitfarms Provides April 2024 Production and Operations UpdateApril 28, 2024 | nasdaq.comJune 7th Options Now Available For Bitfarms (BITF)April 18, 2024 | msn.comMiners stockpile Bitcoin ahead of upcoming halving eventApril 17, 2024 | finance.yahoo.comBitfarms to Participate in Upcoming ConferencesApril 4, 2024 | msn.comBitfarms’ $240M Investment Set to Triple Bitcoin Mining Capabilities Ahead of HalvingApril 2, 2024 | finance.yahoo.comCANADA STOCKS-TSX pulls back from record highs as rate cut concerns cloud sentimentApril 1, 2024 | msn.comInvestors Shrug Off Declining Mining News at Bitfarms (TSE:BITF)April 1, 2024 | benzinga.comWhat's Going On With Bitfarms Stock Monday?March 25, 2024 | finanznachrichten.deBitfarms Ltd.: Bitfarms Announces CEO TransitionMarch 25, 2024 | markets.businessinsider.comBitfarms CEO To Leave; Backs OutlookMarch 25, 2024 | marketwatch.comBitfarms to Search for New CEO as Part of Leadership TransitionMarch 21, 2024 | markets.businessinsider.comGet Ready for 5-Bagger Returns on These 7 Penny StocksMarch 13, 2024 | finanznachrichten.deBitfarms Ltd.: Bitfarms Purchases Additional Miners to Reach 21 EH/s in 2024March 13, 2024 | markets.businessinsider.comBuy Rating Reaffirmed for Bitfarms Amidst Strategic Expansion and Strong FinancialsMarch 11, 2024 | msn.comStocks Back in Plus ReadingsMarch 11, 2024 | msn.comHuge Equipment Investment Prompts Plunge at Bitfarms (TSE:BITF)March 11, 2024 | msn.comBitfarms to buy additional miners to reach 21 EH/s in 2024See 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 Industry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Capital Markets Sub-IndustryN/A Current SymbolTSE:BITF CUSIPN/A CIKN/A Webwww.bitfarms.com Phone647-259-1790FaxN/AEmployees170Year FoundedN/APrice Target and Rating Average Stock Price TargetC$6.50 High Stock Price TargetC$6.50 Low Stock Price TargetC$6.50 Potential Upside/Downside+174.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.55) Trailing P/E RatioN/A Forward P/E Ratio57.81 P/E GrowthN/ANet IncomeC$-104,040,000.00 Net Margins-71.08% Pretax MarginN/A Return on Equity-37.82% Return on Assets-10.53% Debt Debt-to-Equity Ratio6.74 Current Ratio1.88 Quick Ratio0.63 Sales & Book Value Annual SalesC$146.37 million Price / Sales5.41 Cash FlowC$0.59 per share Price / Cash Flow4.00 Book ValueC$0.88 per share Price / Book2.69Miscellaneous Outstanding Shares334,150,000Free FloatN/AMarket CapC$791.94 million OptionableNot Optionable Beta3.29 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $760.22kMr. 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 CompetitorsCanaccord Genuity GroupTSE:CFHut 8TSE:HUTHIVE Digital TechnologiesCVE:HIVEGalaxy DigitalTSE:GLXYSenvest CapitalTSE:SECView All CompetitorsInsidersPaul MagrathSold 6,178 sharesTotal: C$18,286.88 ($2.96/share)Guillaume ReevesSold 22,500 sharesTotal: C$99,675.00 ($4.43/share)Andres FinkielsztainSold 15,000 sharesTotal: C$66,300.00 ($4.42/share)Jeffrey GaoSold 30,000 sharesTotal: C$113,841.00 ($3.79/share)Lawrence Geoffrey MorphySold 225,000 sharesTotal: C$832,522.50 ($3.70/share)View All Insider Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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? 1 brokers have issued 12-month target prices for Bitfarms' shares. Their BITF share price targets range from C$6.50 to C$6.50. On average, they expect the company's share price to reach C$6.50 in the next year. This suggests a possible upside of 174.3% 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 C$3.85 at the start of the year. Since then, BITF shares have decreased by 38.4% and is now trading at C$2.37. View the best growth stocks for 2024 here. How do I buy shares of Bitfarms? Shares of BITF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:BITF) was last updated on 5/19/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingDems have chosen Biden replacement?Paradigm PressShocking $16T Elon Musk Crypto LeakCrypto 101 Media[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsBuy this small stock before coming AI Tidal WaveChaikin AnalyticsExposed: 10 CENT Crypto to Explode May 20th?True Market Insiders41 banks launch ‘crypto dollar’Stansberry Research 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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