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Bitfarms (BITF) Competitors

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$1.82 -0.25 (-12.08%)
(As of 03:39 PM ET)

BITF vs. ASB, CLSK, AUB, FHB, IFS, BFH, WULF, PRK, BUR, and HUT

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Associated Banc (ASB), CleanSpark (CLSK), Atlantic Union Bankshares (AUB), First Hawaiian (FHB), Intercorp Financial Services (IFS), Bread Financial (BFH), TeraWulf (WULF), Park National (PRK), Burford Capital (BUR), and Hut 8 (HUT). These companies are all part of the "banking" industry.

Bitfarms vs.

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

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
Associated Banc$1.09B3.48$182.96M$1.2020.91
Bitfarms$182.96M5.12-$104.04M-$0.36-5.75

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
Associated Banc8.15% 8.18% 0.80%
Bitfarms -69.08%-22.17%-18.93%

Associated Banc presently has a consensus price target of $25.89, indicating a potential upside of 3.18%. Bitfarms has a consensus price target of $4.05, indicating a potential upside of 95.65%. Given Bitfarms' stronger consensus rating and higher possible upside, analysts plainly believe Bitfarms is more favorable than Associated Banc.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Associated Banc
0 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.10
Bitfarms
0 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.83

83.0% of Associated Banc shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 1.5% of Associated Banc shares are owned by insiders. Comparatively, 9.5% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Associated Banc has a beta of 0.93, indicating that its share price is 7% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.59, indicating that its share price is 259% more volatile than the S&P 500.

Associated Banc received 203 more outperform votes than Bitfarms when rated by MarketBeat users. However, 78.72% of users gave Bitfarms an outperform vote while only 48.39% of users gave Associated Banc an outperform vote.

CompanyUnderperformOutperform
Associated BancOutperform Votes
240
48.39%
Underperform Votes
256
51.61%
BitfarmsOutperform Votes
37
78.72%
Underperform Votes
10
21.28%

In the previous week, Associated Banc had 3 more articles in the media than Bitfarms. MarketBeat recorded 8 mentions for Associated Banc and 5 mentions for Bitfarms. Bitfarms' average media sentiment score of 0.77 beat Associated Banc's score of -0.06 indicating that Bitfarms is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Associated Banc
1 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bitfarms
2 Very Positive mention(s)
0 Positive mention(s)
2 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$937.58M$8.44B$6.83B$9.31B
Dividend YieldN/A4.98%2.96%4.06%
P/E Ratio-5.7520.0045.8517.54
Price / Sales5.1213.57486.01139.42
Price / Cash22.2557.6729.1437.95
Price / Book2.352.705.664.92
Net Income-$104.04M$473.87M$125.22M$225.78M
7 Day PerformanceN/A-1.30%2.45%-1.56%
1 Month Performance-4.17%4.55%9.00%6.68%
1 Year Performance-29.11%56.76%30.33%22.48%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
1.8968 of 5 stars
$1.82
-12.1%
$4.05
+122.5%
-30.3%$824.34M$182.96M-5.06110Short Interest ↑
High Trading Volume
ASB
Associated Banc
4.766 of 5 stars
$25.60
+0.2%
$25.89
+1.1%
+18.4%$3.87B$1.09B21.204,100
CLSK
CleanSpark
2.6221 of 5 stars
$13.17
+9.6%
$23.17
+75.9%
+16.2%$3.85B$378.97M-22.19130Gap Up
AUB
Atlantic Union Bankshares
2.4396 of 5 stars
$40.67
-0.7%
$42.00
+3.3%
+8.6%$3.65B$1.05B16.991,804Positive News
FHB
First Hawaiian
2.6905 of 5 stars
$27.21
+0.6%
$26.14
-3.9%
+18.2%$3.48B$1.12B15.462,000Analyst Forecast
IFS
Intercorp Financial Services
4.2152 of 5 stars
$29.32
+0.3%
$30.00
+2.3%
+42.3%$3.38B$6.22B11.468,333News Coverage
Positive News
BFH
Bread Financial
3.6837 of 5 stars
$65.97
+1.1%
$53.54
-18.8%
+95.1%$3.28B$3.93B10.397,000Short Interest ↓
Positive News
WULF
TeraWulf
2.1733 of 5 stars
$8.30
+17.9%
$8.07
-2.8%
+360.7%$3.20B$126.47M0.006Analyst Revision
PRK
Park National
0.9431 of 5 stars
$187.29
+0.2%
$130.00
-30.6%
+38.4%$3.03B$564.30M22.111,799
BUR
Burford Capital
3.9228 of 5 stars
$13.62
+0.9%
$19.50
+43.2%
+2.1%$2.98B$563.24M11.64140Positive News
HUT
Hut 8
3.0028 of 5 stars
$31.18
+14.1%
$30.86
-1.0%
+182.1%$2.92B$73.90M0.00219Analyst Forecast
News Coverage
Gap Up

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This page (NASDAQ:BITF) was last updated on 12/18/2024 by MarketBeat.com Staff
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