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Bitfarms Stock Price, News & Analysis (NASDAQ:BITF)

$1.75
+0.09 (+5.42%)
(As of 12/4/2023 ET)
Compare
Today's Range
$1.66
$1.96
50-Day Range
$0.95
$1.75
52-Week Range
$0.38
$2.16
Volume
68.52 million shs
Average Volume
7.77 million shs
Market Capitalization
$563.73 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.67

Bitfarms MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
109.5% Upside
$3.67 Price Target
Short Interest
Bearish
5.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Bitfarms in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.21) to ($0.22) Per Share

Overall MarketRank

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

1.72 out of 5 stars

Business Services Sector

228th out of 301 stocks

Nondepository Credit Institutions Industry

31st out of 46 stocks


BITF stock logo

About Bitfarms Stock (NASDAQ:BITF)

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 Stock Price History

BITF Stock News Headlines

Head to Head Analysis: Bitfarms (NASDAQ:BITF) & NU (NYSE:NU)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Bitfarms Ltd. (NASDAQ:BITF) Short Interest Update
Bitfarms Earns 392 BTC in November 2023
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Bitfarms' (BITF) Overweight Rating Reaffirmed at Cantor Fitzgerald
Where Bitfarms Stands With Analysts
Bitfarms Stock Is Rising Tuesday: What's Going On?
Bitfarms Sees Unusually Large Options Volume (NASDAQ:BITF)
What 5 Analyst Ratings Have To Say About Bitfarms
Bitfarms Reports Third Quarter 2023 Results
Bitfarms Q3 Earnings Preview
See More Headlines
Receive BITF Stock News and Ratings via Email

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Company Calendar

Last Earnings
11/06/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/19/2024

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 Target
$3.67
High Stock Price Target
$5.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+109.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Pretax Margin
-49.35%

Debt

Sales & Book Value

Annual Sales
$142.43 million
Book Value
$1.17 per share

Miscellaneous

Free Float
291,527,000
Market Cap
$563.73 million
Optionable
Not Optionable
Beta
3.34
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Get This Free Report

Key Executives

  • Mr. Nicolas Bonta (Age 48)
    Founder & Chairman
    Comp: $1.63M
  • Mr. L. Geoffrey Morphy
    President, 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
    Vice President Finance & Accounting
  • Ms. Sonia Tercas
    Director of Investor Relations
  • Ms. Stephanie Wargo
    Vice President of Marketing & Communications
  • Mr. Philippe Fortier
    Vice President of Corporate Development
  • Ms. Andrea Keen Souza
    Vice-President of Human Resources














BITF Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BITF shares.
View BITF analyst ratings
or view top-rated stocks.

What is Bitfarms' stock price target for 2024?

4 analysts have issued 1 year price targets for Bitfarms' stock. Their BITF share price targets range from $2.00 to $5.00. On average, they anticipate the company's share price to reach $3.67 in the next year. This suggests a possible upside of 109.5% 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 start of the year. Since then, BITF stock has increased by 297.7% and is now trading at $1.75.
View the best growth stocks for 2023 here
.

Are investors shorting Bitfarms?

Bitfarms saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 12,090,000 shares, an increase of 24.5% from the October 31st total of 9,710,000 shares. Based on an average daily volume of 7,550,000 shares, the short-interest ratio is currently 1.6 days. Approximately 5.4% of the company's stock are short sold.
View Bitfarms' Short Interest
.

When is Bitfarms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
View our BITF earnings forecast
.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) issued its quarterly earnings results on Monday, November, 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.04. The company earned $34.60 million during the quarter, compared to analysts' expectations of $37.15 million. Bitfarms had a negative net margin of 49.48% and a negative trailing twelve-month return on equity of 19.17%.

What ETF holds Bitfarms' stock ?

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

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (4.54%), Toroso Investments LLC (1.83%), Van ECK Associates Corp (1.63%), Mirae Asset Global Investments Co. Ltd. (1.12%), Quadrature Capital Ltd (0.47%) and American Century Companies Inc. (0.37%).

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.

This page (NASDAQ:BITF) was last updated on 12/4/2023 by MarketBeat.com Staff

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