NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → The new financial threat that could wipe out millions… (From InvestorPlace) (Ad) Free BITF Stock Alerts $1.83 -0.09 (-4.69%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$1.82▼$1.9350-Day Range$1.71▼$3.5452-Week Range$0.92▼$3.91Volume10.68 million shsAverage Volume23.89 million shsMarket Capitalization$652.01 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/Downside129.5% Upside$4.20 Price TargetShort InterestHealthy9.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.68Based on 3 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.1.88 out of 5 starsBusiness Services Sector203rd out of 313 stocksNondepository Credit Institutions Industry29th 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 2.6 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.68. 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 0.37 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Bitfarms this week, compared to 3 articles on an average week.Search InterestOnly 25 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -36% 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 20% 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 -4.95, 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 -4.95, 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 2.08. 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 Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now 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 8, 2024 | Unstoppable Prosperity (Ad)“Crash Insurance” For Your RetirementWhen it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio. 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 8, 2024 | Unstoppable Prosperity (Ad)“Crash Insurance” For Your RetirementWhen it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio. 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 Earnings3/07/2024Today5/07/2024Next 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+129.5%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 / Sales4.45 Cash Flow$0.09 per share Price / Cash Flow19.56 Book Value$0.88 per share Price / Book2.08Miscellaneous Outstanding Shares356,290,000Free Float322,444,000Market Cap$652.01 million OptionableOptionable Beta3.65 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 OwnershipSwiss 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%Van ECK Associates CorpSold 420,978 shares on 4/30/2024Ownership: 1.055%Simplex Trading LLCBought 25,200 shares on 4/25/2024Ownership: 0.000%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 5 buy ratings 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? 5 equities research analysts have issued 12 month price targets for Bitfarms' shares. Their BITF share price targets range from $4.00 to $5.00. On average, they expect the company's share price to reach $4.20 in the next twelve months. This suggests a possible upside of 129.5% 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 37.1% and is now trading at $1.83. 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) released its quarterly earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company earned $46.24 million during the quarter, compared to the consensus estimate of $39.68 million. Bitfarms had a negative net margin of 70.53% and a negative trailing twelve-month return on equity of 19.58%. During the same quarter in the prior year, the business earned ($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 number of retail and institutional investors. Top institutional shareholders 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 Pacific Sage Partners LLC (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 5/8/2024 by MarketBeat.com Staff From Our PartnersShocking: One AI startup's revenue could surge 4,735%Manward PressBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldConflict In Israel Sends Gold Soaring ???? 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