NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → The Next Nvidia? (From InvestorPlace) (Ad) Free BITF Stock Alerts $2.05 +0.13 (+6.77%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$1.88▼$2.0850-Day Range$1.71▼$3.6152-Week Range$0.92▼$3.91Volume28.04 million shsAverage Volume25.33 million shsMarket Capitalization$730.40 millionP/E RatioN/ADividend YieldN/APrice Target$4.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Bitfarms alerts: Email Address Bitfarms MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside107.3% Upside$4.25 Price TargetShort InterestBearish9.46% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.10) to $0.13 Per ShareSee 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.1.22 out of 5 starsBusiness Services Sector248th out of 305 stocksNondepository Credit Institutions Industry36th out of 48 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.Amount of Analyst CoverageBitfarms has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.46% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bitfarms has recently increased by 1.30%, indicating that investor sentiment is decreasing. 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 1.9 News and Social Media Coverage News SentimentBitfarms 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Bitfarms this week, compared to 3 articles on an average week.Search InterestOnly 35 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -34% compared to the previous 30 days.MarketBeat Follows22 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 16% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bitfarms are expected to grow in the coming year, from ($0.10) to $0.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -5.54, 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 -5.54, 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 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceThe Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.Go here now for this breaking story. 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 HeadlinesApril 18, 2024 | investorplace.com7 Under-The-Radar Penny Stocks to Buy for Multibagger Returns: April 2024April 12, 2024 | globenewswire.comBitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham FacilitiesApril 23, 2024 | InvestorPlace (Ad)The Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.April 7, 2024 | investorplace.comFrom Pennies to Profits: 3 Stocks That Could Transform Your $100 into a GrandApril 6, 2024 | investorplace.comThe 3 Most Undervalued Penny Stocks to Buy in April 2024April 5, 2024 | investorplace.comPenny Stock Powerhouses: 3 Picks Ready to Soar 1,000% in 2024April 3, 2024 | thestreet.comIndustry leaders discuss growth of public bitcoin miners, projected at $20 billionApril 1, 2024 | investorplace.com3 Penny Stocks on the Brink of GreatnessApril 23, 2024 | InvestorPlace (Ad)The Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.April 1, 2024 | msn.comWhy Ethereum Classic Is VolatileApril 1, 2024 | msn.comBitcoin mining sees higher profitability ahead of halving, JPMorgan report findsApril 1, 2024 | globenewswire.comBitfarms Announces March 2024 Production and Operations UpdateMarch 27, 2024 | investorplace.comThe 7 Best Penny Stocks to Buy in Q2 2024March 27, 2024 | investorplace.com3 Penny Stocks That Can 10X in the Blink of an EyeMarch 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Open Lending (LPRO) and Bitfarms (BITF)March 25, 2024 | benzinga.comA Closer Look at Bitfarms's Options Market DynamicsMarch 25, 2024 | investorplace.com3 Stocks Under $5 Ready to Outpace the MarketMarch 25, 2024 | globenewswire.comBitfarms Announces CEO TransitionMarch 22, 2024 | investorplace.com3 Sub-$10 Stocks Poised to Triple Before 2025 EndsMarch 22, 2024 | investorplace.com3 Meme Stocks That Could Double Your Money in Just 3 MonthsMarch 21, 2024 | seekingalpha.comNot A Buy Until Bitfarms Makes MoneyMarch 21, 2024 | investorplace.com7 Speculative Penny Stocks to Watch for Massive UpsideMarch 13, 2024 | msn.com24 Affordable Cars That Are Perfect For ModificationsMarch 12, 2024 | investorplace.comRags to Riches: 3 Penny Stocks That Can Rally Like CarvanaMarch 12, 2024 | investorplace.com3 Stocks to Buy as Bitcoin Reaches New Heights in MarchMarch 11, 2024 | investorplace.com3 Blockchain Stocks That Can Turn $100 Into $10,000 by 2026March 11, 2024 | msn.comEnergy, tech shares weigh on TSX ahead of US inflation dataSee 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 Earnings3/07/2024Today4/22/2024Next Earnings (Estimated)5/20/2024Fiscal 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$4.25 High Stock Price Target$5.00 Low Stock Price Target$4.00 Potential Upside/Downside+107.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.37) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-104,040,000.00 Net Margins-70.53% Pretax Margin-71.35% Return on Equity-19.58% Return on Assets-16.13% Debt Debt-to-Equity Ratio0.04 Current Ratio1.88 Quick Ratio1.88 Sales & Book Value Annual Sales$146.37 million Price / Sales4.99 Cash Flow$0.10 per share Price / Cash Flow20.64 Book Value$0.88 per share Price / Book2.33Miscellaneous Outstanding Shares356,292,000Free Float322,444,000Market Cap$730.40 million OptionableOptionable Beta3.62 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. L. Geoffrey MorphyPresident, CEO & DirectorMr. Jeffrey P. Lucas (Age 64)Chief Financial Officer Comp: $552.47kMr. Benjamin GagnonChief Mining OfficerMr. Benoit GobeilExecutive Vice President - Infrastructure and OperationsMr. Marc-Andre AmmannVice President Finance & AccountingMs. Tracy H. Krumme (Age 56)Senior VP & Head of Investor Relations Ms. Stephanie WargoVice President of Marketing & CommunicationsMr. Philippe FortierSenior Vice President of Corporate DevelopmentMs. Andrea Keen SouzaVice-President of Human ResourcesPaul MagrathVice President of Taxation & SustainabilityMore ExecutivesKey CompetitorsAMTD DigitalNYSE:HKDBitdeer Technologies GroupNASDAQ:BTDRPagaya TechnologiesNASDAQ:PGYCompoSecureNASDAQ:CMPOGreen DotNYSE:GDOTView All CompetitorsInstitutional OwnershipPacific Sage Partners LLCBought 15,016 shares on 4/22/2024Ownership: 0.020%CCG Wealth Management LLCBought 22,624 shares on 4/18/2024Ownership: 0.006%IMC Chicago LLCBought 197,900 shares on 4/13/2024Ownership: 0.000%Evanson Asset Management LLCBought 10,457 shares on 4/13/2024Ownership: 0.008%Vima LLCBought 31,149 shares on 3/4/2024Ownership: 0.009%View All Institutional Transactions BITF Stock Analysis - 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 year. 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 target for 2024? 4 brokers have issued 12-month target prices for Bitfarms' shares. Their BITF share price targets range from $4.00 to $5.00. On average, they anticipate the company's share price to reach $4.25 in the next twelve months. This suggests a possible upside of 107.3% 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 decreased by 29.6% and is now trading at $2.05. 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 quarterly earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share (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 analysts' expectations of $39.68 million. Bitfarms had a negative net margin of 70.53% and a negative trailing twelve-month return on equity of 19.58%. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. What ETFs hold Bitfarms' stock? ETFs with the largest weight of Bitfarms (NASDAQ:BITF) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), iShares Blockchain and Tech ETF (IBLC), Bitwise Crypto Industry Innovators ETF (BITQ) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). Who are Bitfarms' major shareholders? Bitfarms' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Pacific Sage Partners LLC (0.02%), 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 4/23/2024 by MarketBeat.com Staff From Our PartnersThe A.I. story nobody is telling you (Read ASAP)TradeSmithDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingHealthcare Takes A Big Step Forward With The Help Of AIThe Bull Reporttop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap Profits[Shocking] Elon Musk’s Plan To End BanksCrypto 101 MediaUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press 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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