NASDAQ:BITF Bitfarms (BITF) Stock Price, News & Analysis → The ONE AI Sock to own now. (It’s not Nvidia.) (From Weiss Ratings) (Ad) Free BITF Stock Alerts $2.23 +0.07 (+3.24%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$2.14▼$2.4250-Day Range$2.02▼$3.6152-Week Range$0.82▼$3.91Volume38.24 million shsAverage Volume27.01 million shsMarket Capitalization$745.15 millionP/E RatioN/ADividend YieldN/APrice Target$4.00 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/Downside90.6% Upside$4.25 Price TargetShort InterestBearish9.33% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.46Based on 20 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.1.06 out of 5 starsBusiness Services Sector266th out of 310 stocksNondepository Credit Institutions Industry35th out of 45 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 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.25, Bitfarms has a forecasted upside of 90.6% from its current price of $2.23.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 Shorted9.33% 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 12.25%, 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 0.46. 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 0.62 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Bitfarms this week, compared to 2 articles on an average week.Search InterestOnly 52 people have searched for BITF on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows23 people have added Bitfarms to their MarketBeat watchlist in the last 30 days. This is an increase of 21% 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 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bitfarms is -6.03, 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 -6.03, 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 2.53. 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 Gold Safe ExchangeTrump’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.Protect your retirement savings from the inevitable devaluation of the dollar… 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 HeadlinesMarch 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 29, 2024 | Gold Safe Exchange (Ad)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.March 27, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Given "Buy" Rating at HC WainwrightMarch 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Open Lending (LPRO) and Bitfarms (BITF)March 26, 2024 | americanbankingnews.comStock Traders Purchase Large Volume of Call Options on Bitfarms (NASDAQ: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 29, 2024 | Gold Safe Exchange (Ad)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.March 25, 2024 | globenewswire.comBitfarms Announces CEO TransitionMarch 24, 2024 | americanbankingnews.comBitfarms (NASDAQ:BITF) Trading Down 3.7%March 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 dataMarch 11, 2024 | markets.businessinsider.comCompass Point Reaffirms Their Buy Rating on Bitfarms (BITF)March 11, 2024 | markets.businessinsider.comCompass Point Reaffirms Their Buy Rating on Bitfarms (BITF)March 11, 2024 | globenewswire.comBitfarms Purchases Additional Miners to Reach 21 EH/s in 2024March 8, 2024 | msn.comBitfarms Ltd. (NASDAQ:BITF) Q4 2023 Earnings Call TranscriptMarch 8, 2024 | globenewswire.comBitfarms Announces $375 Million At-the-Market Equity Offering ProgramMarch 8, 2024 | finance.yahoo.comBitfarms Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsMarch 7, 2024 | finance.yahoo.comBITF Apr 2024 1.500 putSee 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 Earnings3/07/2024Today3/28/2024Next 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+79.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 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 / Sales5.09 Cash Flow$0.10 per share Price / Cash Flow23.43 Book Value$0.88 per share Price / Book2.53Miscellaneous Outstanding Shares334,150,000Free Float302,408,000Market Cap$745.15 million OptionableOptionable Beta3.71 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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 CompetitorsMoneyLionNYSE:MLAMTD DigitalNYSE:HKDPagaya TechnologiesNASDAQ:PGYGreen DotNYSE:GDOTSOSNYSE:SOSView All CompetitorsInstitutional OwnershipWellington Management Group LLPSold 46,834 shares on 3/5/2024Ownership: 0.031%Vima LLCBought 31,149 shares on 3/4/2024Ownership: 0.009%Voya Investment Management LLCBought 23,915 shares on 2/15/2024Ownership: 0.029%Nwam LLCBought 3,927 shares on 2/15/2024Ownership: 0.021%Bayesian Capital Management LPBought 29,400 shares on 2/15/2024Ownership: 0.009%View All Institutional Transactions 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI healthcare stock poised for 36,996% growth?Behind the Markets 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. Adding Bitfarms Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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