Bitfarms (NASDAQ:BITF - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $54.22 million for the quarter.
Bitfarms Trading Up 6.7 %
Shares of BITF traded up $0.08 during midday trading on Friday, hitting $1.20. The stock had a trading volume of 29,215,461 shares, compared to its average volume of 28,826,251. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.68. Bitfarms has a 1 year low of $1.06 and a 1 year high of $3.28. The firm has a market cap of $572.80 million, a PE ratio of -3.32 and a beta of 3.68. The stock's 50 day moving average is $1.45 and its 200 day moving average is $1.84.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Keefe, Bruyette & Woods began coverage on shares of Bitfarms in a research note on Wednesday, January 8th. They issued an "outperform" rating on the stock. Alliance Global Partners started coverage on shares of Bitfarms in a research report on Wednesday, December 4th. They set a "buy" rating and a $6.00 target price on the stock. Stifel Canada raised Bitfarms from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 22nd. Finally, HC Wainwright restated a "buy" rating and set a $4.00 target price on shares of Bitfarms in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.05.
View Our Latest Research Report on BITF
About Bitfarms
(
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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.
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