TSE:BITF Bitfarms (BITF) Stock Price, News & Analysis C$2.45 -0.15 (-5.77%) (As of 09/6/2024 ET) Add Compare Share Share Today's RangeC$2.40▼C$2.6450-Day RangeC$2.45▼C$4.0652-Week RangeC$1.26▼C$5.25Volume2.44 million shsAverage Volume3.91 million shsMarket CapitalizationC$1.11 billionP/E RatioN/ADividend YieldN/APrice TargetC$7.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside206.1% UpsideC$7.50 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.04Based on 6 Articles This WeekInsider TradingAcquiring SharesC$451,880 Bought 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.2.00 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 2.2 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 0.51 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Bitfarms this week, compared to 2 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 Follows3 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have bought 209.98% more of their company's stock than they have sold. Specifically, they have bought C$451,880.00 in company stock and sold C$145,775.00 in company stock.Percentage Held by Insiders23.27% of the stock of Bitfarms is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 20.23% 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 -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 2.21. 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 Deal MakerThe 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, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. 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 HeadlinesAugust 14, 2024 | insidertrades.comBitfarms Ltd. (TSE:BITF) Insider Buys C$62,653.50 in StockSeptember 4 at 3:56 AM | americanbankingnews.comBitfarms (TSE:BITF) Trading Down 9.3%September 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... September 3, 2024 | uk.finance.yahoo.comBitfarms Ltd (1B2.DU)September 3, 2024 | tmcnet.comRiot Issues Open Letter to Fellow Bitfarms Shareholders Ahead of Upcoming Special MeetingSeptember 3, 2024 | msn.comWhat's Going On With Bitfarms Stock Tuesday?September 3, 2024 | markets.businessinsider.comBitfarms Provides August 2024 Production and Operations UpdateSeptember 3, 2024 | msn.comRiot Platforms urges Bitfarms board changes ahead of crucial October meetingSeptember 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... August 30, 2024 | msn.comIs Bitfarms Ltd. (BITF) The Best Bitcoin and Blockchain Stock To Buy According to Analysts?August 29, 2024 | msn.comBitfarms Ltd. (BITF): A Prominent Player Among Canada's Top Penny Stocks in 2024August 24, 2024 | msn.comAppian, Bitfarms, Standard BioTools, and More Stocks See Action From Activist InvestorsAugust 20, 2024 | finance.yahoo.comBitfarms Ltd. (1B2.F)August 16, 2024 | msn.comRiot Platforms Amplifies Its Investment in Bitfarms with a $2.28 Million Share PurchaseAugust 14, 2024 | benzinga.comWhat's Going On With Riot Platforms Shares Wednesday?August 13, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Jackson Financial Incorporation (JXN) and Bitfarms (BITF)August 9, 2024 | msn.comShares of Crypto Data Firm Rip On Quarterly Results Including Improved Hash RateAugust 9, 2024 | benzinga.comWhat's Going On With Bitfarms Stock After Earnings?See 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-IndustryBanking Current SymbolTSE:BITF CUSIPN/A CIKN/A Webwww.bitfarms.com Phone647-259-1790FaxN/AEmployees110Year FoundedN/APrice Target and Rating Average Stock Price TargetC$7.50 High Stock Price TargetC$7.50 Low Stock Price TargetC$7.50 Potential Upside/Downside+206.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.49) Trailing P/E RatioN/A Forward P/E Ratio70.75 P/E GrowthN/ANet IncomeC$-106,250,000.00 Net Margins-61.52% Pretax MarginN/A Return on Equity-28.46% Return on Assets-10.66% Debt Debt-to-Equity Ratio3.35 Current Ratio5.11 Quick Ratio0.63 Sales & Book Value Annual SalesC$172.70 million Price / Sales6.40 Cash FlowC$0.61 per share Price / Cash Flow4.00 Book ValueC$1.11 per share Price / Book2.21Miscellaneous Outstanding Shares451,290,000Free FloatN/AMarket CapC$1.11 billion OptionableNot Optionable Beta3.22 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.Get This Free Report Key ExecutivesMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $617.37kMr. 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 CompetitorsBoralexTSE:BLXSprottTSE:SIIHut 8TSE:HUTWall FinancialTSE:WFCWestaimCVE:WEDView All CompetitorsInsidersRiot Platforms, Inc.Bought 80 shares on 8/19/2024Total: C$188.40 ($2.36/share)Riot Platforms, Inc.Bought 4,200 shares on 8/15/2024Total: C$9,492.00 ($2.26/share)Riot Platforms, Inc.Bought 27,300 shares on 8/12/2024Total: C$62,653.50 ($2.30/share)Riot Platforms, Inc.Bought 300 shares on 8/8/2024Total: C$577.50 ($1.93/share)Riot Platforms, Inc.Bought 100,209 shares on 7/31/2024Total: C$262,547.58 ($2.62/share)View All Insider Transactions BITF Stock Analysis - Frequently Asked Questions How have BITF shares performed this year? Bitfarms' stock was trading at C$3.85 at the start of the year. Since then, BITF stock has decreased by 36.4% and is now trading at C$2.45. 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 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. 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