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Bitfarms (BITF) Competitors

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$2.25 +0.14 (+6.64%)
(As of 11/15/2024 ET)

BITF vs. ASB, EBC, AUB, CLSK, FHB, PRK, BFH, BUR, WULF, and PPBI

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Associated Banc (ASB), Eastern Bankshares (EBC), Atlantic Union Bankshares (AUB), CleanSpark (CLSK), First Hawaiian (FHB), Park National (PRK), Bread Financial (BFH), Burford Capital (BUR), TeraWulf (WULF), and Pacific Premier Bancorp (PPBI). These companies are all part of the "banking" industry.

Bitfarms vs.

Bitfarms (NASDAQ:BITF) and Associated Banc (NYSE:ASB) are both business services companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, risk, earnings, institutional ownership, community ranking, media sentiment, analyst recommendations, profitability and dividends.

Associated Banc has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Associated Banc, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$172.70M5.90-$104.04M-$0.36-6.25
Associated Banc$2.22B1.82$182.96M$1.2022.17

Associated Banc has a net margin of 8.15% compared to Bitfarms' net margin of -69.08%. Associated Banc's return on equity of 8.18% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-69.08% -24.14% -20.41%
Associated Banc 8.15%8.18%0.80%

Bitfarms presently has a consensus target price of $3.66, suggesting a potential upside of 62.67%. Associated Banc has a consensus target price of $23.89, suggesting a potential downside of 10.19%. Given Bitfarms' stronger consensus rating and higher possible upside, equities research analysts plainly believe Bitfarms is more favorable than Associated Banc.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
Associated Banc
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10

20.6% of Bitfarms shares are owned by institutional investors. Comparatively, 83.0% of Associated Banc shares are owned by institutional investors. 9.5% of Bitfarms shares are owned by company insiders. Comparatively, 1.5% of Associated Banc shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Bitfarms has a beta of 3.64, meaning that its share price is 264% more volatile than the S&P 500. Comparatively, Associated Banc has a beta of 0.91, meaning that its share price is 9% less volatile than the S&P 500.

Associated Banc received 204 more outperform votes than Bitfarms when rated by MarketBeat users. However, 80.00% of users gave Bitfarms an outperform vote while only 48.88% of users gave Associated Banc an outperform vote.

CompanyUnderperformOutperform
BitfarmsOutperform Votes
36
80.00%
Underperform Votes
9
20.00%
Associated BancOutperform Votes
240
48.88%
Underperform Votes
251
51.12%

In the previous week, Bitfarms had 3 more articles in the media than Associated Banc. MarketBeat recorded 13 mentions for Bitfarms and 10 mentions for Associated Banc. Associated Banc's average media sentiment score of 0.86 beat Bitfarms' score of 0.09 indicating that Associated Banc is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
1 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Associated Banc
2 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Associated Banc beats Bitfarms on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BITF vs. The Competition

MetricBitfarmsNondepository credit institutions IndustryBusiness SectorNASDAQ Exchange
Market Cap$1.02B$7.89B$7.17B$8.66B
Dividend YieldN/A5.20%2.33%4.06%
P/E Ratio-6.2515.1026.5117.40
Price / Sales5.9014.35169.9069.07
Price / Cash24.3455.7928.0936.36
Price / Book2.562.504.815.87
Net Income-$104.04M$456.92M$120.67M$225.66M
7 Day Performance0.45%16.77%10.40%-1.34%
1 Month Performance20.32%28.69%12.37%1.15%
1 Year Performance90.68%109.16%35.04%24.02%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
2.0095 of 5 stars
$2.25
+6.6%
$3.66
+62.7%
+86.0%$1.02B$172.70M-6.25110Analyst Forecast
Short Interest ↑
Analyst Revision
Gap Up
ASB
Associated Banc
4.7438 of 5 stars
$26.60
-0.3%
N/A+48.4%$4.02B$2.22B22.174,100Short Interest ↓
Analyst Revision
News Coverage
High Trading Volume
EBC
Eastern Bankshares
4.4008 of 5 stars
$18.45
-0.6%
N/A+48.0%$3.96B$670.55M7.951,744Gap Down
AUB
Atlantic Union Bankshares
2.0389 of 5 stars
$42.48
-0.4%
N/A+34.3%$3.81B$777.34M17.631,804Positive News
High Trading Volume
CLSK
CleanSpark
2.2134 of 5 stars
$14.03
+0.4%
N/A+265.4%$3.55B$168.41M0.00130Short Interest ↑
Gap Up
FHB
First Hawaiian
2.1358 of 5 stars
$27.20
-0.1%
N/A+39.8%$3.48B$1.12B15.542,000Short Interest ↓
Positive News
PRK
Park National
0.9235 of 5 stars
$192.55
+0.1%
N/A+70.8%$3.11B$496.69M22.791,799
BFH
Bread Financial
3.8307 of 5 stars
$58.50
+3.2%
N/A+122.2%$2.91B$3.93B9.327,000Short Interest ↓
News Coverage
BUR
Burford Capital
3.7606 of 5 stars
$13.19
-1.2%
N/A+0.5%$2.89B$563.24M11.37140Short Interest ↑
News Coverage
WULF
TeraWulf
2.2918 of 5 stars
$7.18
+3.3%
N/A+597.1%$2.77B$126.47M0.006Analyst Forecast
Short Interest ↑
Analyst Revision
Gap Down
PPBI
Pacific Premier Bancorp
2.4349 of 5 stars
$27.75
+0.3%
N/A+24.6%$2.68B$714.07M-184.991,345Short Interest ↓

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This page (NASDAQ:BITF) was last updated on 11/17/2024 by MarketBeat.com Staff
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