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Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NASDAQ:BITF

Bitfarms (BITF) Stock Price, News & Analysis

$1.92
+0.03 (+1.59%)
(As of 04/19/2024 ET)
Today's Range
$1.86
$1.97
50-Day Range
$1.71
$3.61
52-Week Range
$0.92
$3.91
Volume
28.53 million shs
Average Volume
20.01 million shs
Market Capitalization
$684.08 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.25

Bitfarms MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
121.4% Upside
$4.25 Price Target
Short Interest
Bearish
9.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.67mentions of Bitfarms in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.10) to $0.13 Per Share

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.

1.40 out of 5 stars

Business Services Sector

232nd out of 299 stocks

Nondepository Credit Institutions Industry

35th out of 45 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. The company was founded in 2017 and is based in Toronto, Canada.

BITF Stock Price History

BITF Stock News Headlines

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3 Stocks Under $5 Ready to Outpace the Market
Bitfarms Announces CEO Transition
3 Sub-$10 Stocks Poised to Triple Before 2025 Ends
Not A Buy Until Bitfarms Makes Money
7 Speculative Penny Stocks to Watch for Massive Upside
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
4/20/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BITF
Fax
N/A
Employees
170
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.25
High Stock Price Target
$5.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+121.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-104,040,000.00
Pretax Margin
-71.35%

Debt

Sales & Book Value

Annual Sales
$146.37 million
Cash Flow
$0.09 per share
Book Value
$0.88 per share

Miscellaneous

Free Float
322,444,000
Market Cap
$684.08 million
Optionable
Optionable
Beta
3.62
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Key Executives

  • Mr. L. Geoffrey Morphy
    President, CEO & Director
  • Mr. Jeffrey P. Lucas (Age 64)
    Chief Financial Officer
    Comp: $552.47k
  • Mr. Benjamin Gagnon
    Chief Mining Officer
  • Mr. Benoit Gobeil
    Executive Vice President - Infrastructure and Operations
  • Mr. Marc-Andre Ammann
    Vice President Finance & Accounting
  • Ms. Tracy H. Krumme (Age 56)
    Senior VP & Head of Investor Relations
  • Ms. Stephanie Wargo
    Vice President of Marketing & Communications
  • Mr. Philippe Fortier
    Senior Vice President of Corporate Development
  • Ms. Andrea Keen Souza
    Vice-President of Human Resources
  • Paul Magrath
    Vice President of Taxation & Sustainability

BITF Stock Analysis - 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 target for 2024?

4 analysts have issued 12-month price objectives for Bitfarms' stock. Their BITF share price targets range from $4.00 to $5.00. On average, they expect the company's stock price to reach $4.25 in the next year. This suggests a possible upside of 121.4% 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 2024?

Bitfarms' stock was trading at $2.91 at the beginning of the year. Since then, BITF stock has decreased by 34.0% and is now trading at $1.92.
View the best growth stocks for 2024 here
.

When is Bitfarms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our BITF earnings forecast
.

How were Bitfarms' earnings last quarter?

Bitfarms Ltd. (NASDAQ:BITF) released its earnings results on Thursday, March, 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $46.24 million for the quarter, compared to analyst estimates of $39.68 million. Bitfarms had a negative trailing twelve-month return on equity of 19.58% and a negative net margin of 70.53%. During the same quarter in the prior year, the business posted ($0.07) earnings per share.

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Evanson Asset Management LLC (0.01%) and CCG Wealth Management LLC (0.01%).

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.

This page (NASDAQ:BITF) was last updated on 4/20/2024 by MarketBeat.com Staff

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