Should I buy or sell Bitfarms stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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?

1 Wall Street analysts have issued 12-month price objectives for Bitfarms' stock. Their BITF share price targets range from C$6.50 to C$6.50. On average, they predict the company's stock price to reach C$6.50 in the next year. This suggests a possible upside of 148.1% 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 C$3.85 at the start of the year. Since then, BITF shares have decreased by 31.9% and is now trading at C$2.62. View the best growth stocks for 2024 here .

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. Compare Top Brokerages Here .

TSE:BITF

Bitfarms (BITF) Stock Price, News & Analysis

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Free BITF Stock Alerts

C$2.59

-0.03 (-1.15%)

(As of 09:39 AM ET)

Compare

Today's Range: C$2.58
▼
C$2.68
50-Day Range: C$2.37
▼
C$4.86
52-Week Range: C$1.26
▼
C$5.25

Volume: 520,148 shs
Average Volume: 4.59 million shs
Market Capitalization: C$865.45 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$6.50

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Get Bitfarms alerts:

Bitfarms MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 148.1% Upside
C$6.50 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.54
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$18,287 Sold Last Quarter
Proj. Earnings Growth: N/A

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.

0.83 out of 5 stars

3.5

Analyst's Opinion

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.
Amount of Analyst Coverage
Bitfarms has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for BITF.

0.0

Dividend Strength

Dividend Yield
Bitfarms does not currently pay a dividend.
Dividend Growth
Bitfarms does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BITF.

1.4

News and Social Media Coverage

News Sentiment
Bitfarms has a news sentiment score of 0.54. 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 Financial Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Bitfarms this week, compared to 2 articles on an average week.
Search Interest
Only 37 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bitfarms insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$18,287.00 in company stock.
Percentage Held by Insiders
Only 4.71% of the stock of Bitfarms is held by insiders.
Percentage Held by Institutions
Only 21.07% of the stock of Bitfarms is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bitfarms is -4.85, 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 -4.85, 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 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Bitfarms Stock (TSE: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.

BITF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BITF Stock News Headlines

April 6, 2024 | insidertrades.com

Insider Selling: Bitfarms Ltd. (TSE:BITF) Senior Officer Sells 6,178 Shares of Stock

April 18, 2024 | msn.com

Miners stockpile Bitcoin ahead of upcoming halving event

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

April 17, 2024 | finance.yahoo.com

Bitfarms to Participate in Upcoming Conferences

April 4, 2024 | msn.com

Bitfarms’ $240M Investment Set to Triple Bitcoin Mining Capabilities Ahead of Halving

April 2, 2024 | finance.yahoo.com

CANADA STOCKS-TSX pulls back from record highs as rate cut concerns cloud sentiment

April 1, 2024 | msn.com

Investors Shrug Off Declining Mining News at Bitfarms (TSE:BITF)

April 1, 2024 | benzinga.com

What's Going On With Bitfarms Stock Monday?

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

March 25, 2024 | finanznachrichten.de

Bitfarms Ltd.: Bitfarms Announces CEO Transition

March 25, 2024 | markets.businessinsider.com

Bitfarms CEO To Leave; Backs Outlook

March 25, 2024 | marketwatch.com

Bitfarms to Search for New CEO as Part of Leadership Transition

March 21, 2024 | markets.businessinsider.com

Get Ready for 5-Bagger Returns on These 7 Penny Stocks

March 13, 2024 | finanznachrichten.de

Bitfarms Ltd.: Bitfarms Purchases Additional Miners to Reach 21 EH/s in 2024

March 13, 2024 | markets.businessinsider.com

Buy Rating Reaffirmed for Bitfarms Amidst Strategic Expansion and Strong Financials

March 11, 2024 | msn.com

Stocks Back in Plus Readings

March 11, 2024 | msn.com

Huge Equipment Investment Prompts Plunge at Bitfarms (TSE:BITF)

March 11, 2024 | msn.com

Bitfarms to buy additional miners to reach 21 EH/s in 2024

March 11, 2024 | seekingalpha.com

Don't Bet The Farm On Bitfarms

March 9, 2024 | seekingalpha.com

Bitfarms Ltd. (BITF) Q4 2023 Earnings Call Transcript

March 8, 2024 | finance.yahoo.com

BITF Mar 2024 4.000 put

March 8, 2024 | markets.businessinsider.com

Strong Financials and Operational Advancements Support Buy Rating for Bitfarms

March 7, 2024 | finance.yahoo.com

BITF Apr 2024 4.000 put

March 7, 2024 | finance.yahoo.com

BITF Mar 2024 3.000 put

March 7, 2024 | marketwatch.com

Bitfarms Shares Decline 8.6% After Quarterly Loss Widens More Than Expected

March 7, 2024 | markets.businessinsider.com

BITF Stock Earnings: Bitfarms Misses EPS, Beats Revenue for Q4 2023

March 7, 2024 | msn.com

Bitfarms EPS of -$0.19, revenue of $46.24M beats by $3.16M

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Capital Markets
Sub-Industry: N/A
Current Symbol: TSE:BITF
CUSIP: N/A
CIK: N/A
Web: www.bitfarms.com
Phone: 647-259-1790
Fax: N/A
Employees: 170
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$6.50
High Stock Price Target: C$6.50
Low Stock Price Target: C$6.50
Potential Upside/Downside: +148.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 64.29
P/E Growth: N/A
Net Income: C$-104,040,000.00
Net Margins: -71.08%
Pretax Margin: N/A
Return on Equity: -37.82%
Return on Assets: -10.53%

Debt

Debt-to-Equity Ratio: 6.74
Current Ratio: 1.88
Quick Ratio: 0.63

Sales & Book Value

Annual Sales: C$146.37 million
Price / Sales: 5.98
Cash Flow: C$0.66 per share
Price / Cash Flow: 4.00
Book Value: C$0.88 per share
Price / Book: 2.98

Miscellaneous

Outstanding Shares: 334,150,000
Free Float: N/A
Market Cap: C$875.47 million
Optionable: Not Optionable
Beta: 3.40

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Key Executives

Mr. L. Geoffrey Morphy
President, CEO & Director
Mr. Jeffrey P. Lucas (Age 64)
Chief Financial Officer
Comp: $760.22k
Mr. Benjamin Gagnon
Chief Mining Officer
Mr. Benoit Gobeil
Executive Vice President - Infrastructure and Operations
Mr. Marc-Andre Ammann
Vice President Finance & Accounting
Ms. Tracy H. Krumme (Age 56)
Senior VP & Head of Investor Relations
Ms. Stephanie Wargo
Vice President of Marketing & Communications
Mr. Philippe Fortier
Senior Vice President of Corporate Development
Ms. Andrea Keen Souza
Vice-President of Human Resources
Paul Magrath
Vice President of Taxation & Sustainability

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BITF Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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?: 1 Wall Street analysts have issued 12-month price objectives for Bitfarms' stock. Their BITF share price targets range from C$6.50 to C$6.50. On average, they predict the company's stock price to reach C$6.50 in the next year. This suggests a possible upside of 148.1% 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 C$3.85 at the start of the year. Since then, BITF shares have decreased by 31.9% and is now trading at C$2.62.
View the best growth stocks for 2024 here.
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.
Compare Top Brokerages Here.

This page (TSE:BITF) was last updated on 4/19/2024 by MarketBeat.com Staff

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Bitfarms (BITF) Stock Price, News & Analysis

Bitfarms MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bitfarms Stock (TSE:BITF)

BITF Stock Price History

BITF Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BITF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™