NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis $2.69 +0.11 (+4.26%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$2.63▼$2.7950-Day Range$1.84▼$3.1552-Week Range$0.92▼$3.91Volume20.40 million shsAverage Volume23.92 million shsMarket Capitalization$1.10 billionP/E RatioN/ADividend YieldN/APrice Target$3.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside44.4% Upside$3.88 Price TargetShort InterestHealthy7.29% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.12Based on 14 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.23) to ($0.05) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.88 out of 5 starsBusiness Services Sector219th out of 317 stocksNondepository Credit Institutions Industry38th out of 53 stocks 3.4 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBitfarms has only been the subject of 4 research reports in the past 90 days.Read more about Bitfarms' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted7.29% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 4.87%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldBitfarms does not currently pay a dividend.Dividend GrowthBitfarms does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BITF. Previous Next 2.8 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.12. 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 0.57 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Bitfarms this week, compared to 4 articles on an average week.Search Interest30 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days.MarketBeat Follows15 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bitfarms insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.50% of the stock of Bitfarms is held by insiders.Percentage Held by InstitutionsOnly 20.59% of the stock of Bitfarms is held by institutions.Read more about Bitfarms' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.23) to ($0.05) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -7.08, 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. SectorThe P/E ratio of Bitfarms is -7.08, 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 RatioBitfarms has a P/B Ratio of 3.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Bitfarms' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agency5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades 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. The company was founded in 2017 and is based in Toronto, Canada.Read More BITF Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BITF Stock News HeadlinesJuly 26 at 2:02 PM | investorplace.com3 Speculative Stocks to Buy Before They Go BallisticJuly 26 at 12:45 PM | globenewswire.comBitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights PlanJuly 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 26 at 6:20 AM | investorplace.com3 Stocks Under $15 That Could Make You a MillionaireJuly 25 at 10:10 AM | tmcnet.comRiot Announces that Ontario Capital Markets Tribunal Has Terminated Bitfarms' Poison PillJuly 25 at 10:10 AM | theglobeandmail.comBitfarms Issues Statement Regarding Decision by Capital Markets Tribunal of the Ontario Securities CommissionJuly 25 at 10:10 AM | msn.comCanadian tribunal terminates Bitfarms 'poison pill' against RiotJuly 25 at 10:10 AM | msn.comCanada's Tribunal Takes Bold Stand: Bitfarms' 'Poison Pill' Strategy Crushed in Bitcoin Mining DramaJuly 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 25 at 10:10 AM | usnews.comBitfarms Adopts Second 'Poison Pill' After Canadian Tribunal Terminates FirstJuly 24 at 9:04 PM | globenewswire.comBitfarms Issues Statement Regarding Decision by Capital Markets Tribunal of the Ontario Securities CommissionJuly 24 at 7:41 PM | reuters.comTribunal terminates Bitfarms' 'poison pill' against RiotJuly 20, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Given "Buy" Rating at HC WainwrightJuly 17, 2024 | globenewswire.comBitfarms' Newly Appointed CEO to Participate Today in a Fireside Chat Hosted by H.C. WainwrightJuly 16, 2024 | investorplace.com3 Rate-Sensitive Meme Stocks to Buy Before the First Rate CutJuly 12, 2024 | investorplace.com3 Small-Cap Stocks to Buy With Explosive Growth PotentialJuly 12, 2024 | globenewswire.comBitfarms Sets Date of Special Meeting of ShareholdersJuly 12, 2024 | investorplace.comYou've Been Warned! 3 Meme Stocks to Buy Now or Regret ForeverSee 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. Email Address Company Calendar Last Earnings5/15/2024Today7/26/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees170Year FoundedN/APrice Target and Rating Average Stock Price Target$3.88 High Stock Price Target$5.00 Low Stock Price Target$2.30 Potential Upside/Downside+44.4%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.38) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-64.06% Pretax Margin-67.62% Return on Equity-19.24% Return on Assets-16.04% Debt Debt-to-Equity Ratio0.04 Current Ratio3.02 Quick Ratio3.02 Sales & Book Value Annual Sales$146.37 million Price / Sales7.83 Cash Flow$0.10 per share Price / Cash Flow28.05 Book Value$0.88 per share Price / Book3.06Miscellaneous Outstanding Shares425,880,000Free Float370,423,000Market Cap$1.15 billion OptionableOptionable Beta3.68 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Nicolas Bonta (Age 49)Founder, Interim President, Interim CEO & Chairman Comp: $81.91kMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $452.15kMr. Benoit GobeilExecutive Vice President of Infrastructure & OperationsMs. Stephanie WargoVice President of Marketing & CommunicationsMr. Benjamin GagnonChief Mining OfficerMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Mr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsCleanSparkNASDAQ:CLSKWalker & DunlopNYSE:WDRiot PlatformsNASDAQ:RIOTQifu TechnologyNASDAQ:QFINUpstartNASDAQ:UPSTView All CompetitorsInstitutional OwnershipEvanson Asset Management LLCSold 12,000 shares on 7/13/2024Ownership: 0.004%Cetera Investment AdvisersBought 700,510 shares on 5/24/2024Ownership: 0.179%Cetera Advisors LLCBought 198,470 shares on 5/24/2024Ownership: 0.175%Tidal Investments LLCBought 2,571,647 shares on 5/17/2024Ownership: 1.958%Jane Street Group LLCBought 16,800 shares on 5/16/2024Ownership: 0.000%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions How have BITF shares performed this year? Bitfarms' stock was trading at $2.91 at the start of the year. Since then, BITF shares have decreased by 7.6% and is now trading at $2.69. View the best growth stocks for 2024 here. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) released its quarterly earnings data on Wednesday, May, 15th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm earned $50.32 million during the quarter, compared to the consensus estimate of $50.51 million. Bitfarms had a negative net margin of 64.06% and a negative trailing twelve-month return on equity of 19.24%. Who are Bitfarms' major shareholders? Bitfarms' top institutional shareholders include Evanson Asset Management LLC. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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