Bitfarms (BITF) Competitors

$1.75
-0.01 (-0.57%)
(As of 05/17/2024 ET)

BITF vs. BTDR, GDOT, CMPO, SOS, HKD, OPFI, ML, BTBT, BKKT, and CIFR

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Bitdeer Technologies Group (BTDR), Green Dot (GDOT), CompoSecure (CMPO), SOS (SOS), AMTD Digital (HKD), OppFi (OPFI), MoneyLion (ML), Bit Digital (BTBT), Bakkt (BKKT), and Cipher Mining (CIFR). These companies are all part of the "nondepository credit institutions" industry.

Bitfarms vs.

Bitfarms (NASDAQ:BITF) and Bitdeer Technologies Group (NASDAQ:BTDR) are both small-cap business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their community ranking, analyst recommendations, dividends, institutional ownership, profitability, risk, media sentiment, valuation and earnings.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$146.37M4.68-$104.04M-$0.38-4.61
Bitdeer Technologies Group$368.55M1.73-$56.66M-$0.41-13.93

In the previous week, Bitdeer Technologies Group had 5 more articles in the media than Bitfarms. MarketBeat recorded 24 mentions for Bitdeer Technologies Group and 19 mentions for Bitfarms. Bitfarms' average media sentiment score of 0.53 beat Bitdeer Technologies Group's score of 0.12 indicating that Bitfarms is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
8 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Bitdeer Technologies Group
2 Very Positive mention(s)
4 Positive mention(s)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bitfarms has a beta of 3.65, indicating that its share price is 265% more volatile than the S&P 500. Comparatively, Bitdeer Technologies Group has a beta of 1.79, indicating that its share price is 79% more volatile than the S&P 500.

Bitfarms currently has a consensus target price of $4.00, indicating a potential upside of 128.57%. Bitdeer Technologies Group has a consensus target price of $13.64, indicating a potential upside of 138.93%. Given Bitdeer Technologies Group's higher possible upside, analysts plainly believe Bitdeer Technologies Group is more favorable than Bitfarms.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00
Bitdeer Technologies Group
0 Sell rating(s)
0 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
3.00

Bitfarms received 11 more outperform votes than Bitdeer Technologies Group when rated by MarketBeat users. However, 100.00% of users gave Bitdeer Technologies Group an outperform vote while only 75.76% of users gave Bitfarms an outperform vote.

CompanyUnderperformOutperform
BitfarmsOutperform Votes
25
75.76%
Underperform Votes
8
24.24%
Bitdeer Technologies GroupOutperform Votes
14
100.00%
Underperform Votes
No Votes

20.6% of Bitfarms shares are owned by institutional investors. Comparatively, 22.3% of Bitdeer Technologies Group shares are owned by institutional investors. 9.5% of Bitfarms shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Bitdeer Technologies Group has a net margin of -11.21% compared to Bitfarms' net margin of -64.06%. Bitdeer Technologies Group's return on equity of -3.98% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-64.06% -20.60% -16.98%
Bitdeer Technologies Group -11.21%-3.98%-2.09%

Summary

Bitdeer Technologies Group beats Bitfarms on 10 of the 17 factors compared between the two stocks.

Get Bitfarms News Delivered to You Automatically

Sign up to receive the latest news and ratings for BITF and its competitors with MarketBeat's FREE daily newsletter.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BITF and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

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.
Skip Chart

BITF vs. The Competition

MetricBitfarmsNondepository credit institutions IndustryBusiness SectorNASDAQ Exchange
Market Cap$685.65M$6.54B$6.69B$7.96B
Dividend YieldN/A5.27%2.89%3.91%
P/E Ratio-4.617.8730.6415.24
Price / Sales4.687.261,077.6377.84
Price / Cash18.9230.7827.8431.98
Price / Book1.992.014.814.76
Net Income-$104.04M$442.60M$115.32M$217.17M
7 Day Performance1.16%1.76%1.59%2.90%
1 Month Performance-7.41%5.78%4.85%6.57%
1 Year Performance52.17%36.24%8.00%10.17%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BTDR
Bitdeer Technologies Group
2.9579 of 5 stars
$5.38
-1.3%
$13.64
+153.6%
+5.4%$602.40M$368.55M-12.81211Upcoming Earnings
Analyst Forecast
Analyst Revision
News Coverage
GDOT
Green Dot
2.0229 of 5 stars
$10.24
+4.0%
$10.75
+5.0%
-43.1%$540.98M$1.50B-21.791,200Short Interest ↓
Positive News
CMPO
CompoSecure
3.4391 of 5 stars
$6.55
flat
$12.33
+88.3%
-9.6%$527.86M$390.63M6.75922Short Interest ↑
SOS
SOS
0 of 5 stars
$1.23
+7.0%
N/A-99.4%$390.00M$260.03M0.00223Gap Up
HKD
AMTD Digital
0 of 5 stars
$4.11
+13.2%
N/A-36.9%$786.86M$33.07M0.00199Short Interest ↓
Gap Up
High Trading Volume
OPFI
OppFi
3.1326 of 5 stars
$2.97
-2.9%
$4.25
+43.1%
+36.0%$329.43M$508.95M49.51445
ML
MoneyLion
0.9394 of 5 stars
$80.88
+0.1%
$78.60
-2.8%
+648.6%$850.81M$423.43M-27.89600Insider Selling
News Coverage
BTBT
Bit Digital
3.783 of 5 stars
$2.26
+2.3%
$5.50
+143.4%
-8.4%$186.41M$44.92M-14.1324Analyst Forecast
Short Interest ↑
Analyst Revision
News Coverage
BKKT
Bakkt
1.2388 of 5 stars
$11.20
+12.2%
$13.13
+17.2%
-67.6%$144.14M$780.10M-0.53747High Trading Volume
CIFR
Cipher Mining
1.822 of 5 stars
$3.71
-0.3%
$5.50
+48.2%
+55.9%$1.15B$126.84M61.8435Analyst Forecast

Related Companies and Tools

This page (NASDAQ:BITF) was last updated on 5/18/2024 by MarketBeat.com Staff

From Our Partners