Bitfarms (BITF) Stock Price, News & Analysis $2.59 +0.45 (+21.03%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$2.16▼$2.6250-Day Range$0.95▼$2.5952-Week Range$0.38▼$2.62Volume55.49 million shsAverage Volume24.93 million shsMarket Capitalization$834.31 millionP/E RatioN/ADividend YieldN/APrice Target$3.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside41.6% Upside$3.67 Price TargetShort InterestBearish5.35% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.74Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.21) to ($0.22) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.80 out of 5 starsBusiness Services Sector207th out of 287 stocksNondepository Credit Institutions Industry23rd out of 43 stocks 3.5 Analyst's Opinion Consensus RatingBitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.67, Bitfarms has a forecasted upside of 41.6% from its current price of $2.59.Amount of Analyst CoverageBitfarms has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.35% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently increased by 24.51%, indicating that investor sentiment is decreasing significantly. 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 3.7 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.74. 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 higher news sentiment than the 0.46 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Bitfarms this week, compared to 1 article on an average week.Search Interest31 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 121% compared to the previous 30 days.MarketBeat Follows25 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 525% 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 15.31% of the stock of Bitfarms is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to decrease in the coming year, from ($0.21) to ($0.22) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -9.96, 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 -9.96, 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 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.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 HeadlinesDecember 10, 2023 | americanbankingnews.comBitfarms (NASDAQ:BITF) Sets New 52-Week High at $2.37December 5, 2023 | forbes.comBitcoin Mining Stocks Soar As Firms Race To Buy New Hardware Before The HalvingDecember 10, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.December 4, 2023 | americanbankingnews.comHead to Head Analysis: Bitfarms (NASDAQ:BITF) & NU (NYSE:NU)December 4, 2023 | americanbankingnews.comContrasting Bitfarms (NASDAQ:BITF) & Security National Financial (NASDAQ:SNFCA)December 3, 2023 | americanbankingnews.comBitfarms Ltd. (NASDAQ:BITF) Short Interest UpdateDecember 2, 2023 | americanbankingnews.comHC Wainwright Weighs in on Bitfarms Ltd.'s FY2024 Earnings (NASDAQ:BITF)December 1, 2023 | marketwatch.comBitfarms Shares Jump as Company Prepares for Bitcoin HalvingDecember 10, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. December 1, 2023 | msn.comBitfarms earns 392 BTC in November, down 1.5% from OctoberDecember 1, 2023 | finance.yahoo.comBitfarms Earns 392 BTC in November 2023November 30, 2023 | americanbankingnews.comBitfarms (NASDAQ:BITF) Price Target Increased to $4.00 by Analysts at HC WainwrightNovember 30, 2023 | americanbankingnews.comBitfarms' (BITF) Overweight Rating Reaffirmed at Cantor FitzgeraldNovember 29, 2023 | markets.businessinsider.comWhere Bitfarms Stands With AnalystsNovember 28, 2023 | finanznachrichten.deBitfarms Ltd.: Bitfarms Initiates Transformative Fleet Upgrade that Supports 17 EH/s and 391 MW in 2024November 28, 2023 | markets.businessinsider.comBitfarms Stock Is Rising Tuesday: What's Going On?November 22, 2023 | theglobeandmail.comBitfarms: Top 10 Undervalued Capital Markets Industry Stocks (BITF)November 8, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About BitfarmsNovember 7, 2023 | seekingalpha.comBitfarms Ltd. 2023 Q3 - Results - Earnings Call PresentationNovember 7, 2023 | msn.comBitfarms GAAP EPS of -$0.07 misses by $0.02, revenue of $35M beats by $0.64MNovember 7, 2023 | finance.yahoo.comBitfarms Reports Third Quarter 2023 ResultsNovember 6, 2023 | msn.comWall Street holds steadier and drifts after last week's big swingsNovember 6, 2023 | msn.comBitfarms Q3 Earnings PreviewOctober 31, 2023 | thestreet.comHow one of the first publicly-traded bitcoin miners is sustaining successOctober 19, 2023 | finance.yahoo.comWhy the Market Dipped But Bitfarms Ltd. (BITF) Gained TodayOctober 6, 2023 | seekingalpha.comBitfarms: Strategic Decisions Deliver The Most Efficient Bitcoin Mining OperationOctober 3, 2023 | msn.comThe 3 Top-Performing TSX Stocks of 2023 So Far: Can They Keep Gaining?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. Email Address Company Calendar Last Earnings11/06/2023Today12/10/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/19/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Nondepository credit institutions Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:BITF CUSIPN/A CIK1812477 Webwww.bitfarms.com Phone64-7259-1790FaxN/AEmployees150Year FoundedN/APrice Target and Rating Average Stock Price Target$3.67 High Stock Price Target$5.00 Low Stock Price Target$2.00 Potential Upside/Downside+41.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.26) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net Margins-49.48% Pretax Margin-49.35% Return on Equity-19.17% Return on Assets-15.65% Debt Debt-to-Equity Ratio0.05 Current Ratio2.82 Quick Ratio2.82 Sales & Book Value Annual Sales$127.16 million Price / Sales6.56 Cash FlowN/A Price / Cash FlowN/A Book Value$1.17 per share Price / Book2.21Miscellaneous Outstanding Shares322,129,000Free Float291,527,000Market Cap$834.31 million OptionableNot Optionable Beta3.34 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Nicolas Bonta (Age 48)Founder & Chairman Comp: $1.63MMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Emiliano Joel Grodzki (Age 47)Founder & Director Comp: $1.63MMr. Jeffrey P. Lucas (Age 63)Chief Financial Officer Comp: $552.47kMr. Benjamin GagnonChief Mining OfficerMr. Marc-Andre AmmannVice President Finance & AccountingMs. Sonia TercasDirector of Investor RelationsMs. Stephanie WargoVice President of Marketing & CommunicationsMr. Philippe FortierVice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesMore ExecutivesKey CompetitorsBakktNYSE:BKKTGreen DotNYSE:GDOTHut 8 MiningNASDAQ:HUTMoneyLionNYSE:MLOppFiNYSE:OPFIView All CompetitorsInstitutional OwnershipWellington Management Group LLPSold 735,338 shares on 12/1/2023Ownership: 0.055%American Century Companies Inc.Sold 39,343 shares on 11/30/2023Ownership: 0.370%Wolverine Trading LLCBought 52,200 shares on 11/16/2023Ownership: 0.000%GTS Securities LLCBought 28,500 shares on 11/16/2023Ownership: 0.000%Insigneo Advisory Services LLCBought 83,500 shares on 11/15/2023Ownership: 0.038%View All Institutional Transactions 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 brokerages have issued 12 month price objectives for Bitfarms' stock. Their BITF share price targets range from $2.00 to $5.00. On average, they predict the company's share price to reach $3.67 in the next year. This suggests a possible upside of 41.6% 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 shares have increased by 488.6% and is now trading at $2.59. View the best growth stocks for 2023 here. Are investors shorting Bitfarms? Bitfarms saw a increase in short interest in 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 trading volume, of 7,550,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 5.4% of the shares of the company 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 Tuesday, March 19th 2024. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) announced its quarterly earnings results on Monday, November, 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. The firm earned $34.60 million during the quarter, compared to analyst estimates 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 many different institutional and retail 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 12/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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