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Stock market today: Asian shares are mostly higher after another set of Wall St records
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:BITF

Bitfarms (BITF) Stock Price, News & Analysis

$2.23
+0.07 (+3.24%)
(As of 03/28/2024 ET)
Today's Range
$2.14
$2.42
50-Day Range
$2.02
$3.61
52-Week Range
$0.82
$3.91
Volume
38.24 million shs
Average Volume
27.01 million shs
Market Capitalization
$745.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00

Bitfarms MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
90.6% Upside
$4.25 Price Target
Short Interest
Bearish
9.33% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.46mentions of Bitfarms in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
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.

1.06 out of 5 stars

Business Services Sector

266th out of 310 stocks

Nondepository Credit Institutions Industry

35th out of 45 stocks

BITF stock logo

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.

BITF Stock Price History

BITF Stock News Headlines

The 7 Best Penny Stocks to Buy in Q2 2024
3 Penny Stocks That Can 10X in the Blink of an Eye
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Bitfarms (NASDAQ:BITF) Given "Buy" Rating at HC Wainwright
3 Stocks Under $5 Ready to Outpace the Market
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Bitfarms Announces CEO Transition
Bitfarms (NASDAQ:BITF) Trading Down 3.7%
3 Sub-$10 Stocks Poised to Triple Before 2025 Ends
Not A Buy Until Bitfarms Makes Money
7 Speculative Penny Stocks to Watch for Massive Upside
Compass Point Reaffirms Their Buy Rating on Bitfarms (BITF)
Compass Point Reaffirms Their Buy Rating on Bitfarms (BITF)
BITF Apr 2024 1.500 put
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
3/28/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:BITF
Fax
N/A
Employees
170
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.25
High Stock Price Target
$5.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+79.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-104,040,000.00
Pretax Margin
-71.35%

Debt

Sales & Book Value

Annual Sales
$146.37 million
Cash Flow
$0.10 per share
Book Value
$0.88 per share

Miscellaneous

Free Float
302,408,000
Market Cap
$745.15 million
Optionable
Optionable
Beta
3.71
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Key Executives

  • Mr. L. Geoffrey Morphy
    President, CEO & Director
  • Mr. Jeffrey P. Lucas (Age 64)
    Chief Financial Officer
    Comp: $552.47k
  • 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

BITF Stock Analysis - Frequently Asked Questions

Should I buy or sell Bitfarms stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bitfarms in the last year. There are currently 5 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?

5 brokers have issued twelve-month target prices for Bitfarms' shares. Their BITF share price targets range from $4.00 to $5.00. On average, they predict the company's stock price to reach $4.25 in the next twelve months. This suggests a possible upside of 90.6% 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 at the start of the year. Since then, BITF stock has decreased by 23.4% and is now trading at $2.23.
View the best growth stocks for 2024 here
.

Are investors shorting Bitfarms?

Bitfarms saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 26,850,000 shares, an increase of 12.2% from the February 29th total of 23,920,000 shares. Based on an average trading volume of 28,060,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 9.3% of the company's shares are sold short.
View Bitfarms' Short Interest
.

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) announced its quarterly earnings results on Thursday, March, 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The company earned $46.24 million during 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 period last year, the business earned ($0.07) earnings per share.

What ETF holds Bitfarms' stock?

iShares Blockchain and Tech ETF holds 102,855 shares of BITF stock, representing 2.03% of its portfolio.

Who are Bitfarms' major shareholders?

Bitfarms' stock is owned by many different institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (1.25%), Mirae Asset Global Investments Co. Ltd. (0.94%), Vident Advisory LLC (0.52%), Shariaportfolio Inc. (0.21%), Citadel Advisors LLC (0.00%) and Baader Bank Aktiengesellschaft (0.08%).

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 3/29/2024 by MarketBeat.com Staff

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