NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → Bigger Than NVIDIA? (From Behind the Markets) (Ad) Free BITF Stock Alerts $3.14 +0.27 (+9.41%) (As of 04:01 PM ET) Add Compare Share Share Today's Range$2.82▼$3.2350-Day Range$1.59▼$2.8752-Week Range$0.92▼$3.91Volume39.21 million shsAverage Volume24.01 million shsMarket Capitalization$1.23 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/Downside32.5% Upside$3.88 Price TargetShort InterestBearish8.86% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.57Based on 25 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.73 out of 5 starsBusiness Services Sector216th out of 304 stocksNondepository Credit Institutions Industry30th out of 53 stocks 4.4 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Bitfarms' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.86% 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 increased by 27.33%, 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 2.5 News and Social Media Coverage News SentimentBitfarms has a news sentiment score of 0.57. 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 0.90 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Bitfarms this week, compared to 4 articles on an average week.Search InterestOnly 17 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.MarketBeat Follows18 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 80% 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 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -7.71, 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 -7.71, 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 3.33. 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 Behind the MarketsBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ONE stock you should be watching.Get the full story 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. 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 HeadlinesJune 17 at 8:26 AM | americanbankingnews.comHC Wainwright Reaffirms Buy Rating for Bitfarms (NASDAQ:BITF)June 15 at 1:00 PM | investorplace.comThe Penny Stock Prophecy: 3 Under-the-Radar Picks Poised for Explosive GrowthJune 15 at 5:53 AM | americanbankingnews.comBitfarms (NASDAQ:BITF) Shares Gap Up to $2.43June 14 at 9:34 AM | investorplace.comRiot Platforms Doubles Down on Bitfarms (BITF) Stock With 14% StakeJune 14 at 3:16 AM | americanbankingnews.comBitfarms Target of Unusually High Options Trading (NASDAQ:BITF)June 13, 2024 | investorplace.com3 Penny Stocks Primed to Create a New Wave of Millionaires: June EditionJune 13, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Shares Down 6.5% June 13, 2024 | globenewswire.comBitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/sJune 12, 2024 | globenewswire.comBitfarms Issues Statement Regarding Riot Platforms' Attempts to Disrupt Ongoing Strategic Alternatives Review ProcessJune 12, 2024 | reuters.comBitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pillJune 11, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Now Covered by Cantor FitzgeraldJune 11, 2024 | investorplace.com3 Promising Penny Stocks With Millionaire-Maker Potential by 2028June 11, 2024 | americanbankingnews.comAnalyzing SHF (NASDAQ:SHFS) & Bitfarms (NASDAQ:BITF)June 10, 2024 | globenewswire.comBitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights PlanJune 10, 2024 | investorplace.com3 Powerful Stocks Packed With Tremendous Upside PotentialJune 10, 2024 | reuters.comBitfarms to adopt 'poison pill' amid Riot takeover attemptJune 10, 2024 | globenewswire.comBitfarms Announces Adoption of Shareholder Rights PlanJune 7, 2024 | americanbankingnews.comHead to Head Review: Bitfarms (NASDAQ:BITF) and Sentage (NASDAQ:SNTG)June 7, 2024 | americanbankingnews.comBitfarms Ltd. (NASDAQ:BITF) Expected to Earn Q2 2024 Earnings of ($0.12) Per ShareJune 5, 2024 | reuters.comRiot Platforms acquires 12% stake in rival BitfarmsJune 5, 2024 | businesswire.comRiot Platforms, Inc. Reports Beneficial Ownership of 12% in Bitfarms Ltd.June 3, 2024 | globenewswire.comBitfarms Provides May 2024 Production and Operations UpdateJune 3, 2024 | seekingalpha.comBitfarms: A Bidding War Could Be BrewingMay 31, 2024 | globenewswire.comBitfarms Announces Results of Annual General and Special Meeting of ShareholdersMay 29, 2024 | investorplace.comRiot Platforms Is Betting Big on Bitfarms (BITF) StockSee 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 Earnings5/15/2024Today6/17/2024Next 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+35.3%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 / Sales7.68 Cash Flow$0.09 per share Price / Cash Flow30.85 Book Value$0.88 per share Price / Book3.26Miscellaneous Outstanding Shares391,800,000Free Float354,580,000Market Cap$1.12 billion OptionableOptionable Beta3.68 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.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:CLSKQifu TechnologyNASDAQ:QFINWalker & DunlopNYSE:WDRiot PlatformsNASDAQ:RIOTBurford CapitalNYSE:BURView All CompetitorsInstitutional OwnershipCetera 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%Bayesian Capital Management LPBought 34,200 shares on 5/16/2024Ownership: 0.018%Jane Street Group LLCBought 16,800 shares on 5/16/2024Ownership: 0.000%View All Institutional Transactions BITF Stock Analysis - Frequently Asked Questions Should I buy or sell Bitfarms stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BITF shares. View BITF analyst ratings or view top-rated stocks. What is Bitfarms' stock price target for 2024? 5 equities research analysts have issued 1 year price objectives for Bitfarms' shares. Their BITF share price targets range from $2.30 to $5.00. On average, they predict the company's stock price to reach $3.88 in the next twelve months. This suggests a possible upside of 32.5% 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 on January 1st, 2024. Since then, BITF stock has increased by 0.7% and is now trading at $2.93. View the best growth stocks for 2024 here. Are investors shorting Bitfarms? Bitfarms saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 28,610,000 shares, an increase of 27.3% from the May 15th total of 22,470,000 shares. Based on an average trading volume of 20,460,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 8.9% of the shares of the 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 Tuesday, August 13th 2024. View our BITF earnings forecast. How were Bitfarms' earnings last quarter? Bitfarms Ltd. (NASDAQ:BITF) released its earnings results on Wednesday, May, 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $50.32 million for the quarter, compared to analysts' expectations 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%. What ETFs hold Bitfarms' stock? ETFs with the largest weight of Bitfarms (NASDAQ:BITF) stock in their portfolio include Global X Blockchain ETF (BKCH), Valkyrie Bitcoin Miners ETF (WGMI), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Grayscale Future of Finance ETF (GFOF), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Bitwise Crypto Industry Innovators ETF (BITQ) and VanEck Digital Transformation ETF (DAPP). Who are Bitfarms' major shareholders? Bitfarms' stock is owned by many different retail and institutional investors. Top institutional investors include Tidal Investments LLC (1.96%), Van ECK Associates Corp (1.06%), Mirae Asset Global Investments Co. Ltd. (0.81%), Vident Advisory LLC (0.73%), Quadrature Capital Ltd (0.21%) and Cetera Investment Advisers (0.18%). 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 6/17/2024 by MarketBeat.com Staff From Our PartnersAI's Next Magnificent SevenThe Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.The Oxford Club | SponsoredBiden to Launch “FedNOW” [Move Your Money Now]Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentia...Priority Gold | SponsoredBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... 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