NASDAQ:BITF Bitfarms (BITF) Stock Forecast, Price & News $1.06 -0.03 (-2.75%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$1.04▼$1.1250-Day Range$1.06▼$1.8752-Week Range$0.38▼$2.16Volume4.69 million shsAverage Volume6.28 million shsMarket Capitalization$232.54 millionP/E RatioN/ADividend YieldN/APrice Target$3.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Bitfarms MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside245.9% Upside$3.67 Price TargetShort InterestHealthy2.74% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.17) to ($0.34) 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.1.86 out of 5 starsBusiness Services Sector219th out of 313 stocksNondepository Credit Institutions Industry25th out of 45 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 245.9% from its current price of $1.06.Amount of Analyst CoverageBitfarms has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.74% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 21.52%, indicating that investor sentiment is improving 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 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Bitfarms this week, compared to 0 articles on an average week.Search InterestOnly 5 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to decrease in the coming year, from ($0.17) to ($0.34) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -1.80, 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 -1.80, 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 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Bitfarms (NASDAQ:BITF) StockBitfarms 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BITF Stock News HeadlinesSeptember 21, 2023 | americanbankingnews.comBitfarms' (BITF) Buy Rating Reaffirmed at HC WainwrightSeptember 13, 2023 | finance.yahoo.comBitfarms to Deliver Strategy and Vision at Analyst and Investor Day September 14thSeptember 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.September 13, 2023 | nasdaq.comBitfarms (TSX:BITF) Price Target Decreased by 65.83% to 3.49September 5, 2023 | markets.businessinsider.comAnalyst Ratings for BitfarmsAugust 23, 2023 | baystreet.caTSX Recovers with VengeanceAugust 11, 2023 | theglobeandmail.comClosing Bell: Bitfarms Ltd up on Thursday (BITF)August 8, 2023 | theglobeandmail.comClosing Bell: Bitfarms Ltd down on Friday (BITF)September 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.August 7, 2023 | seekingalpha.comBitcoin miner Bitfarms initiates deployment plan for 50 MW hydropower in ParaguayAugust 7, 2023 | finance.yahoo.comBitfarms Initiates Deployment Plan for 50 MW of Hydropower in ParaguayJuly 27, 2023 | finance.yahoo.comBitfarms to Report Second Quarter 2023 Financial Results on Tuesday, August 8, 2023July 7, 2023 | markets.businessinsider.comH.C. Wainwright Reaffirms Their Buy Rating on Bitfarms (BITF)July 6, 2023 | finance.yahoo.comBitfarms Starts Production at Baie-Comeau and Increases Hashrate Target to 6.3 EH/s in Q3 2023June 8, 2023 | finance.yahoo.comBitfarms to Participate in the 2023 Cantor Fitzgerald Technology Conference on June 14 - 15June 7, 2023 | finanznachrichten.deBitfarms Ltd.: Bitfarms Improves Energy Efficiency with Purchase of 4,660 High Performance MinersJune 7, 2023 | msn.comBitfarms expands fleet with 4,660 new bitcoin minersJune 7, 2023 | finance.yahoo.comBitfarms Improves Energy Efficiency with Purchase of 4,660 High Performance MinersMay 28, 2023 | finance.yahoo.comInvesting in Bitfarms (TSE:BITF) three years ago would have delivered you a 217% gainMay 25, 2023 | finanznachrichten.deBitfarms Ltd.: Bitfarms Announces Results of Annual General and Special Meeting of ShareholdersMay 24, 2023 | fool.comBitfarms (NASDAQ: BITF)May 19, 2023 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About BitfarmsMay 19, 2023 | msn.comBitfarms snags Overweight rating at Cantor on growth prospectsMay 11, 2023 | msn.comBitfarms (TSX:BITF) Price Target Decreased by 80.00% to 2.04May 1, 2023 | finance.yahoo.comBitfarms Mines 379 BTC in AprilMay 1, 2023 | finance.yahoo.comBitfarms Regains Compliance with Nasdaq Continued Listing RequirementsApril 12, 2023 | finance.yahoo.comBitfarms to Participate in the Ladenburg Thalmann Technology Expo 2023See 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 BITF Company Calendar Last Earnings8/08/2023Today9/24/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get 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 Forecast$3.67 High Stock Price Forecast$5.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+245.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.59) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net Margins-102.55% Pretax Margin-106.49% Return on Equity-19.26% Return on Assets-14.88% Debt Debt-to-Equity Ratio0.05 Current Ratio1.93 Quick Ratio1.93 Sales & Book Value Annual Sales$142.43 million Price / Sales1.63 Cash FlowN/A Price / Cash FlowN/A Book Value$1.17 per share Price / Book0.91Miscellaneous Outstanding Shares219,380,000Free Float198,534,000Market Cap$232.54 million OptionableNot Optionable Beta3.25 The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Nicolas Bonta (Age 48)Founder & Chairman Comp: $1.63MMr. L. Geoffrey MorphyPres, 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 AmmannVP Fin. & AccountingMs. Sonia TercasDirector of Investor RelationsMs. Stephanie WargoVP of Marketing & CommunicationsMr. Philippe FortierVP of Corp. Devel.Ms. Andrea Keen SouzaVice-Pres of HRMore ExecutivesKey CompetitorsOppFiNYSE:OPFIBit DigitalNASDAQ:BTBTMoneyLionNYSE:MLBakktNYSE:BKKTHut 8 MiningNASDAQ:HUTView All CompetitorsInstitutional OwnershipXTX Topco LtdBought 394,093 shares on 8/15/2023Ownership: 0.180%Citadel Advisors LLCSold 175,400 shares on 8/15/2023Ownership: 0.000%Quadrature Capital LtdBought 121,139 shares on 8/15/2023Ownership: 0.055%State Street CorpBought 2,987,589 shares on 8/14/2023Ownership: 1.930%Tower Research Capital LLC TRC Bought 82,576 shares on 8/14/2023Ownership: 0.043%View All Institutional Transactions BITF Stock - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 4 Wall Street research 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 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 analysts have issued 1-year target prices for Bitfarms' shares. Their BITF share price forecasts range from $3.00 to $5.00. On average, they predict the company's stock price to reach $3.67 in the next twelve months. This suggests a possible upside of 245.9% 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 on January 1st, 2023. Since then, BITF shares have increased by 140.9% and is now trading at $1.06. View the best growth stocks for 2023 here. Are investors shorting Bitfarms? Bitfarms saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,200,000 shares, a decline of 21.5% from the August 15th total of 7,900,000 shares. Based on an average trading volume of 10,060,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.7% 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 Monday, November 13th 2023. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) announced its 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 company 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 shareholders 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 $1.06. How much money does Bitfarms make? Bitfarms (NASDAQ:BITF) has a market capitalization of $232.54 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bitfarms Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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