NASDAQ:BITF Bitfarms (BITF) Stock Forecast, Price & News $1.10 +0.03 (+2.80%) (As of 05/26/2023 04:00 PM ET) Add Compare Share Share Today's Range$1.06▼$1.1350-Day Range$0.90▼$1.2552-Week Range$0.38▼$2.33Volume1.81 million shsAverage Volume4.70 million shsMarket Capitalization$240.10 millionP/E RatioN/ADividend YieldN/APrice Target$2.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Bitfarms MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside81.8% Upside$2.00 Price TargetShort InterestHealthy2.63% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.90Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.2.16 out of 5 starsBusiness Services Sector189th out of 346 stocksNondepository Credit Institutions Industry22nd out of 42 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 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.00, Bitfarms has a forecasted upside of 81.8% from its current price of $1.10.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 Shorted2.63% of the float of Bitfarms has been sold short.Short Interest Ratio / Days to CoverBitfarms has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently decreased by 22.92%, 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 2.7 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.90. 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 0.60 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Bitfarms this week, compared to 2 articles on an average week.Search InterestOnly 12 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 5 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 14.41% of the stock of Bitfarms is held by institutions. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -0.92, 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 -0.92, 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 0.94. 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 North America. 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 headquartered in Toronto, Canada.Read More 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 Stock News HeadlinesMay 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 29, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 24, 2023 | fool.comBitfarms (NASDAQ: BITF)May 21, 2023 | americanbankingnews.comBitfarms (NASDAQ:BITF) vs. Upstart (NASDAQ:UPST) Head to Head ContrastMay 20, 2023 | americanbankingnews.comHC Wainwright Comments on Bitfarms Ltd.'s Q2 2023 Earnings (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 29, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 19, 2023 | americanbankingnews.comBitfarms (NASDAQ:BITF) Research Coverage Started at Cantor FitzgeraldMay 16, 2023 | americanbankingnews.comHut 8 Mining (NASDAQ:HUT) & Bitfarms (NASDAQ:BITF) Critical ComparisonMay 14, 2023 | americanbankingnews.comBitfarms (BITF) to Release Quarterly Earnings on MondayMay 12, 2023 | americanbankingnews.comCritical Survey: Bitfarms (NASDAQ:BITF) versus Applied Digital (OTCMKTS:APLD)May 11, 2023 | msn.comBitfarms (TSX:BITF) Price Target Decreased by 80.00% to 2.04May 1, 2023 | finance.yahoo.comBitfarms Regains Compliance with Nasdaq Continued Listing RequirementsMay 1, 2023 | finance.yahoo.comBitfarms Mines 379 BTC in AprilApril 18, 2023 | americanbankingnews.comAnalyzing Bit Digital (NASDAQ:BTBT) & Bitfarms (NASDAQ:BITF)April 12, 2023 | finance.yahoo.comBitfarms to Participate in the Ladenburg Thalmann Technology Expo 2023April 8, 2023 | americanbankingnews.comComparing Locafy (NASDAQ:LCFY) and Bitfarms (NASDAQ:BITF)April 7, 2023 | americanbankingnews.comBitfarms (NASDAQ:BITF) Now Covered by Stifel NicolausMarch 28, 2023 | americanbankingnews.comHC Wainwright Research Analysts Lift Earnings Estimates for Bitfarms Ltd. (NASDAQ:BITF)March 26, 2023 | americanbankingnews.comHC Wainwright Cuts Bitfarms (NASDAQ:BITF) Price Target to $2.00March 26, 2023 | americanbankingnews.comComparing PubMatic (NASDAQ:PUBM) and Bitfarms (NASDAQ:BITF)March 24, 2023 | americanbankingnews.comBitfarms Ltd. Expected to Post Q1 2023 Earnings of ($0.07) Per Share (NASDAQ:BITF)March 21, 2023 | finance.yahoo.comBitfarms Reports Fourth Quarter and Full Year 2022 ResultsFebruary 9, 2023 | financialpost.comBitfarms Pays Off $21M Debt Obligations for $7.75M in CashFebruary 1, 2023 | finance.yahoo.comBitfarms Mines 486 Bitcoin in JanuarySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Today5/29/2023Next Earnings (Estimated)8/21/2023Fiscal 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/AEmployees106Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.00 High Stock Price Forecast$2.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+81.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.19) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net Margins-186.19% Pretax Margin-204.49% Return on Equity-15.91% Return on Assets-11.75% Debt Debt-to-Equity Ratio0.05 Current Ratio1.70 Quick Ratio1.70 Sales & Book Value Annual Sales$142.43 million Price / Sales1.69 Cash FlowN/A Price / Cash FlowN/A Book Value$1.17 per share Price / Book0.94Miscellaneous Outstanding Shares218,270,000Free Float197,539,000Market Cap$240.10 million OptionableNot Optionable Beta3.10 Key ExecutivesMr. Nicolas Bonta (Age 47)Founder & Exec. Chairman Comp: $792.5kMr. Emiliano Joel Grodzki (Age 46)Founder, CEO & Director Comp: $792.5kMr. L. Geoffrey MorphyPres & COOMr. Jeffrey P. Lucas (Age 62)Chief Financial Officer Comp: $6.06MMr. 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:BTBTBakktNYSE:BKKTMoneyLionNYSE:MLHut 8 MiningNASDAQ:HUTView All CompetitorsInstitutional OwnershipToroso Investments LLCBought 1,970,215 shares on 5/23/2023Ownership: 0.911%Harvest Portfolios Group Inc.Bought 134,647 shares on 5/18/2023Ownership: 0.062%State Street CorpBought 42,242 shares on 5/16/2023Ownership: 0.568%Geode Capital Management LLCBought 93,445 shares on 5/16/2023Ownership: 0.436%Sentinus LLCBought 97,000 shares on 5/16/2023Ownership: 0.140%View All Institutional Transactions BITF Stock - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 3 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 forecast for 2023? 3 Wall Street analysts have issued 1 year target prices for Bitfarms' stock. Their BITF share price forecasts range from $2.00 to $2.00. On average, they expect the company's share price to reach $2.00 in the next year. This suggests a possible upside of 81.8% 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 stock has increased by 150.0% and is now trading at $1.10. View the best growth stocks for 2023 here. Are investors shorting Bitfarms? Bitfarms saw a decrease in short interest in May. As of May 15th, there was short interest totaling 5,920,000 shares, a decrease of 22.9% from the April 30th total of 7,680,000 shares. Based on an average daily trading volume, of 4,170,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.6% 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, August 21st 2023. View our BITF earnings forecast. What ETF holds Bitfarms' stock ? iShares Blockchain and Tech ETF holds 122,295 shares of BITF stock, representing 1.97% 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 many different retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.33%), Van ECK Associates Corp (1.15%), Toroso Investments LLC (0.91%), State Street Corp (0.57%), Geode Capital Management LLC (0.44%) and American Century Companies Inc. (0.41%). 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 $1.10. How much money does Bitfarms make? Bitfarms (NASDAQ:BITF) has a market capitalization of $240.10 million and generates $142.43 million in revenue each year. How many employees does Bitfarms have? The company employs 106 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 5/29/2023 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. 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