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T   15.01 (+0.94%)
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NASDAQ:BITF

Bitfarms (BITF) Stock Forecast, Price & News

$1.09
+0.05 (+4.81%)
(As of 09/28/2023 ET)
Compare
Today's Range
$1.02
$1.14
50-Day Range
$1.02
$1.87
52-Week Range
$0.38
$2.16
Volume
6.20 million shs
Average Volume
6.64 million shs
Market Capitalization
$239.12 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.67

Bitfarms MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
236.4% Upside
$3.67 Price Target
Short Interest
Healthy
3.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.14mentions of Bitfarms in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.17) to ($0.34) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Business Services Sector

241st out of 322 stocks

Nondepository Credit Institutions Industry

31st out of 45 stocks


BITF stock logo

About Bitfarms (NASDAQ:BITF) Stock

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. Bitfarms Ltd. was founded in 2017 and is based in Toronto, Canada.

BITF Price History

BITF Stock News Headlines

Why Bitcoin-Related Stock Bitfarms Is Trading Higher
Bitfarms (NASDAQ:BITF) Given "Overweight" Rating at Cantor Fitzgerald
Fox Couldn't Air my #1 A.I. Pick - Get it Here.
50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. More here.
Bitfarms' (BITF) Buy Rating Reaffirmed at HC Wainwright
Analyst Ratings for Bitfarms
TSX Recovers with Vengeance
Fox Couldn't Air my #1 A.I. Pick - Get it Here.
50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. More here.
Closing Bell: Bitfarms Ltd up on Thursday (BITF)
Closing Bell: Bitfarms Ltd down on Friday (BITF)
H.C. Wainwright Reaffirms Their Buy Rating on Bitfarms (BITF)
Bitfarms (NASDAQ: BITF)
What 4 Analyst Ratings Have To Say About Bitfarms
Bitfarms Mines 379 BTC in April
See 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.

BITF Company Calendar

Last Earnings
8/08/2023
Today
9/28/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BITF
Fax
N/A
Employees
150
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.67
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+236.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Margins
-102.55%
Pretax Margin
-106.49%

Debt

Sales & Book Value

Annual Sales
$142.43 million
Book Value
$1.17 per share

Miscellaneous

Free Float
198,534,000
Market Cap
$239.12 million
Optionable
Not Optionable
Beta
3.25
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Key Executives

  • Mr. Nicolas Bonta (Age 48)
    Founder & Chairman
    Comp: $1.63M
  • Mr. L. Geoffrey Morphy
    Pres, CEO & Director
  • Mr. Emiliano Joel Grodzki (Age 47)
    Founder & Director
    Comp: $1.63M
  • Mr. Jeffrey P. Lucas (Age 63)
    Chief Financial Officer
    Comp: $552.47k
  • Mr. Benjamin Gagnon
    Chief Mining Officer
  • Mr. Marc-Andre Ammann
    VP Fin. & Accounting
  • Ms. Sonia Tercas
    Director of Investor Relations
  • Ms. Stephanie Wargo
    VP of Marketing & Communications
  • Mr. Philippe Fortier
    VP of Corp. Devel.
  • Ms. Andrea Keen Souza
    Vice-Pres of HR













BITF Stock - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 4 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 forecast for 2023?

4 equities research analysts have issued 1-year price objectives for Bitfarms' stock. Their BITF share price forecasts range from $3.00 to $5.00. On average, they expect the company's stock price to reach $3.67 in the next year. This suggests a possible upside of 236.4% 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 2023?

Bitfarms' stock was trading at $0.44 at the beginning of the year. Since then, BITF shares have increased by 147.7% and is now trading at $1.09.
View the best growth stocks for 2023 here
.

Are investors shorting Bitfarms?

Bitfarms saw a increase in short interest in September. As of September 15th, there was short interest totaling 7,490,000 shares, an increase of 20.8% from the August 31st total of 6,200,000 shares. Based on an average daily trading volume, of 9,960,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.3% of the company's stock are sold short.
View Bitfarms' Short Interest
.

When is Bitfarms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our BITF earnings forecast
.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) posted its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $35.48 million for the quarter, compared to analyst estimates of $34.05 million. Bitfarms had a negative net margin of 102.55% and a negative trailing twelve-month return on equity of 19.26%.

What ETF holds Bitfarms' stock ?

iShares Blockchain and Tech ETF holds 102,855 shares of BITF stock, representing 2.03% of its portfolio.

What is Bitfarms' stock symbol?

Bitfarms trades on the NASDAQ under the ticker symbol "BITF."

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (1.93%), Van ECK Associates Corp (1.38%), Mirae Asset Global Investments Co. Ltd. (1.15%), Renaissance Technologies LLC (0.72%), Geode Capital Management LLC (0.46%) and Cetera Advisors LLC (0.33%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bitfarms' stock price today?

One share of BITF stock can currently be purchased for approximately $1.09.

How much money does Bitfarms make?

Bitfarms (NASDAQ:BITF) has a market capitalization of $239.12 million and generates $142.43 million in revenue each year.

How many employees does Bitfarms have?

The company employs 150 workers across the globe.

How can I contact Bitfarms?

The official website for the company is www.bitfarms.com. The company can be reached via phone at 64-7259-1790 or via email at investors@bitfarms.com.

This page (NASDAQ:BITF) was last updated on 9/28/2023 by MarketBeat.com Staff

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