NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis $1.79 -0.12 (-6.28%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$1.77▼$1.9550-Day Range$1.79▼$2.9752-Week Range$0.92▼$3.91Volume12.44 million shsAverage Volume22.72 million shsMarket Capitalization$732.66 millionP/E RatioN/ADividend YieldN/APrice Target$3.66 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside104.5% Upside$3.66 Price TargetShort InterestHealthy10.14% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.23Based on 8 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.29) to ($0.11) 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.1.41 out of 5 starsBusiness Services Sector232nd out of 303 stocksNondepository Credit Institutions Industry39th out of 48 stocks 3.4 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 2 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 Shorted10.14% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 3.38%, 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 1.8 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.23. 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 0.55 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Bitfarms this week, compared to 5 articles on an average week.Search InterestOnly 23 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -34% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% 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 ($0.29) to ($0.11) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -4.71, 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 -4.71, 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 1.72. 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 Behind the Markets⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.Click here for the ticker >>> 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 HeadlinesSeptember 5 at 8:54 AM | msn.comRiot Platforms Advocates for Bitfarms Board Revisions Prior to Key October MeetingSeptember 5 at 2:29 AM | americanbankingnews.comBitfarms (NASDAQ:BITF) Rating Reiterated by Cantor FitzgeraldSeptember 7, 2024 | Behind the Markets (Ad)⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.September 4 at 6:03 PM | markets.businessinsider.comBitfarms to Present at H.C. Wainwright 26th Annual Global Investment ConferenceSeptember 4 at 7:00 AM | globenewswire.comBitfarms Issues Statement to Address Misleading Claims from RiotAugust 29, 2024 | uk.finance.yahoo.comBitfarms Ltd. (BITF): A Prominent Player Among Canada’s Top Penny Stocks in 2024August 28, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Given "Buy" Rating at HC WainwrightAugust 28, 2024 | seekingalpha.comBitfarms: Blend Of Good And Bad News Makes For A Riveting HoldSeptember 7, 2024 | Behind the Markets (Ad)⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.August 27, 2024 | markets.businessinsider.comBitfarms Announces Assumption of Control of Sharon, PA SiteAugust 21, 2024 | marketwatch.comToronto Stocks Edge Forward; Bitfarms Down on $125M Stronghold Digital AcquisitionAugust 21, 2024 | benzinga.comBitfarms To Acquire Stronghold in $125M Merger, Boosting U.S. Bitcoin MiningAugust 21, 2024 | msn.comBitfarms Acquires Stronghold Digital Mining In $175M Deal, Reshaping Bitcoin Mining LandscapeAugust 21, 2024 | marketwatch.comBitfarms to Acquire Stronghold Digital for $125MAugust 21, 2024 | msn.comBitfarms to buy Stronghold Digital Mining for $164MAugust 21, 2024 | globenewswire.comBitfarms to Acquire Stronghold Digital MiningAugust 14, 2024 | investorplace.com3 Blockchain Stocks to Sell in August Before They Crash & BurnAugust 14, 2024 | investorplace.comIf Crypto Crashes, You Don't Want to Be Holding. These 3 Blockchain StocksSee 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 Earnings8/08/2024Today9/07/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryBanking Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees110Year FoundedN/APrice Target and Rating Average Stock Price Target$3.66 High Stock Price Target$5.00 Low Stock Price Target$2.30 Potential Upside/Downside+104.5%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-62.79% Pretax Margin-64.50% Return on Equity-18.94% Return on Assets-16.08% Debt Debt-to-Equity Ratio0.03 Current Ratio5.11 Quick Ratio5.09 Sales & Book Value Annual Sales$172.70 million Price / Sales4.24 Cash Flow$0.08 per share Price / Cash Flow23.22 Book Value$1.04 per share Price / Book1.72Miscellaneous Outstanding Shares409,307,000Free Float370,423,000Market Cap$732.66 million OptionableOptionable Beta3.64 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Nicolas Bonta (Age 49)Founder, Interim President, Interim CEO & Chairman Comp: $81.91kMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $452.15kMr. Benoit GobeilExecutive Vice President of Infrastructure & OperationsMs. Stephanie WargoVice President of Marketing & CommunicationsMr. Benjamin GagnonChief Mining OfficerMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Mr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsInter & Co, Inc.NASDAQ:INTRUpstartNASDAQ:UPSTFirst HawaiianNASDAQ:FHBEastern BanksharesNASDAQ:EBCIntercorp Financial ServicesNYSE:IFSView All CompetitorsInstitutional OwnershipCetera Investment AdvisersBought 299,273 shares on 8/22/2024Ownership: 0.244%Susquehanna International Group LLPBought 20,900 shares on 8/16/2024Ownership: 0.000%Millennium Management LLCSold 2,444,951 shares on 8/15/2024Ownership: 0.570%Mackenzie Financial CorpBought 61,624 shares on 8/15/2024Ownership: 0.037%Insigneo Advisory Services LLCSold 6,890 shares on 8/14/2024Ownership: 0.029%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions How have BITF shares performed this year? Bitfarms' stock was trading at $2.91 on January 1st, 2024. Since then, BITF stock has decreased by 38.5% and is now trading at $1.79. View the best growth stocks for 2024 here. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) posted its quarterly earnings data on Thursday, August, 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company had revenue of $41.55 million for the quarter, compared to analysts' expectations of $44.59 million. Bitfarms had a negative net margin of 62.79% and a negative trailing twelve-month return on equity of 18.94%. Who are Bitfarms' major shareholders? Bitfarms' top institutional investors include Van ECK Associates Corp (1.21%), Millennium Management LLC (0.57%), Susquehanna International Group LLP and Marshall Wace LLP (0.38%). 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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