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TSE:BITF

Bitfarms (BITF) Stock Price, News & Analysis

Bitfarms logo
C$2.59
-0.11 (-4.07%)
(As of 11/1/2024 05:18 PM ET)

About Bitfarms Stock (TSE:BITF)

Key Stats

Today's Range
C$2.58
C$2.80
50-Day Range
C$2.43
C$3.19
52-Week Range
C$1.37
C$5.25
Volume
3.15 million shs
Average Volume
3.68 million shs
Market Capitalization
C$1.17 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$7.50
Consensus Rating
Buy

Company Overview

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.

Bitfarms Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
47th Percentile Overall Score

BITF MarketRank™: 

Bitfarms scored higher than 47% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Bitfarms 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 Coverage

    Bitfarms has received no research coverage in the past 90 days.

  • Read more about Bitfarms' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bitfarms is -5.18, 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. Sector

    The P/E ratio of Bitfarms is -5.18, 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 Ratio

    Bitfarms has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for BITF.
  • Dividend Yield

    Bitfarms does not currently pay a dividend.

  • Dividend Growth

    Bitfarms does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for BITF.
  • News Sentiment

    Bitfarms has a news sentiment score of 0.21. 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 0.41 average news sentiment score of Financial Services companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Bitfarms this week, compared to 2 articles on an average week.
  • Search Interest

    Only 8 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Bitfarms insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$86,456.00 in company stock and sold C$0.00 in company stock.

  • Percentage Held by Insiders

    23.38% 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 Institutions

    Only 20.18% of the stock of Bitfarms is held by institutions.

  • Read more about Bitfarms' insider trading history.
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BITF Stock News Headlines

Bitfarms Expands U.S. Operations with Stronghold Deal
We recommended Nvidia in 2016, now we’re recommending this…
The AI boom is just getting started. And the real wealth has still to be made…
Bitfarms appoints Silverstein as U.S. General Counsel
Northland Securities Remains a Buy on Bitfarms (BITF)
Stifel Nicolaus Remains a Hold on Bitfarms (BITF)
See More Headlines

BITF Stock Analysis - Frequently Asked Questions

Bitfarms' stock was trading at C$3.85 on January 1st, 2024. Since then, BITF stock has decreased by 32.7% and is now trading at C$2.59.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Bitfarms investors own include Arista Networks (ANET), NextEra Energy Partners (NEP), MercadoLibre (MELI), PayPal (PYPL), ASML (ASML), Enterprise Products Partners (EPD) and NVIDIA (NVDA).

Industry, Sector and Symbol

Industry
Capital Markets
Sub-Industry
Banking
CIK
N/A
Fax
N/A
Employees
110
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$7.50
High Stock Price Target
C$7.50
Low Stock Price Target
C$7.50
Potential Upside/Downside
+189.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$-106,250,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$172.70 million
Cash Flow
C$0.65 per share
Book Value
C$1.11 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.17 billion
Optionable
Not Optionable
Beta
3.20
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This page (TSE:BITF) was last updated on 11/2/2024 by MarketBeat.com Staff
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