Bitfarms (BITF) Stock Price, News & Analysis

Company Overview

Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.

Key Stats

• Today's Range: C$4.86 to C$5.54
• 50-Day Range: C$1.62 to C$4.85
• 52-Week Range: C$0.96 to C$5.54
• Volume: 11.25 million shs
• Average Volume: 3.25 million shs
• Market Capitalization: C$3.03 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$3.75
• Consensus Rating: Buy

Bitfarms Stock Analysis - MarketRank™

Bitfarms scored higher than 19% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Bitfarms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Downside Risk

Bitfarms has a consensus price target of C$3.75, representing about 27.2% downside from its current price of C$5.15.

Amount of Analyst Coverage

Bitfarms has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bitfarms is -32.19, 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. Sector

The P/E ratio of Bitfarms is -32.19, 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 Ratio

Bitfarms has a P/B Ratio of 4.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BITF.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bitfarms does not currently pay a dividend.

Dividend Growth

Bitfarms does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BITF.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

Bitfarms has a news sentiment score of 0.38. 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 0.53 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Bitfarms this week, compared to 2 articles on an average week.

Search Interest

277 people have searched for BITF on MarketBeat in the last 30 days. This is an increase of 610% compared to the previous 30 days.

MarketBeat Follows

15 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 1,400% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Bitfarms insiders have sold 8,424.39% more of their company's stock than they have bought. Specifically, they have bought C$12,566.00 in company stock and sold C$1,071,175.00 in company stock.

Percentage Held by Insiders

23.38% of the stock of Bitfarms is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 10.86% of the stock of Bitfarms is held by institutions.

BITF Stock Analysis - Frequently Asked Questions

How have BITF shares performed this year?

Bitfarms' stock was trading at C$2.13 at the start of the year. Since then, BITF shares have increased by 141.8% and is now trading at C$5.15.

How do I buy shares of Bitfarms?

Shares of BITF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Bitfarms own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bitfarms investors own include Arista Networks (ANET), Nextera Energy Partners (NEP), MercadoLibre (MELI), PayPal (PYPL), ASML (ASML), Enterprise Products Partners (EPD) and NVIDIA (NVDA).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Capital Markets
• Sub-Industry: Banking
• Current Symbol: TSE:BITF
• CIK: N/A
• Web: www.bitfarms.com
• Phone: 647-259-1790
• Fax: N/A
• Employees: 110
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Bitfarms: C$3.75
• High Price Target: C$3.75
• Low Price Target: C$3.75
• Potential Upside/Downside: -26.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.16)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 150.66
• P/E Growth: N/A
• Net Income: -C$110.66 million
• Net Margins: -69.20%
• Pretax Margin: N/A
• Return on Equity: -30.76%
• Return on Assets: -10.66%

Debt

• Debt-to-Equity Ratio: 4.68
• Current Ratio: 3.70
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: C$245.66 million
• Price / Sales: 11.49
• Cash Flow: C$1.28 per share
• Price / Cash Flow: 4.00
• Book Value: C$1.28 per share
• Price / Book: 4.00

Miscellaneous

• Outstanding Shares: 552,600,000
• Free Float: N/A
• Market Cap: C$2.82 billion
• Optionable: Not Optionable
• Beta: 5.12