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Bitfarms (BITF)
NASDAQ:BITF
Holding BITF?
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BITF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.92 - $3.91
Previous Close$2.04
Volume3.82M
Average Volume (3M)19.09M
Market Cap
$895.06M
Enterprise Value$791.09M
Total Cash (Recent Filing)$149.29M
Total Debt (Recent Filing)$15.87M
Price to Earnings (P/E)―
Beta2.38
Next Earnings
Nov 28, 2024EPS Estimate
-$0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.32
Shares Outstanding451,286,000
10 Day Avg. Volume13,054,371
30 Day Avg. Volume19,090,310
Standard Deviation0.43
R-Squared0.16
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.94
Price to Sales (P/S)5.15
Price to Cash Flow (P/CF)23.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.58
Enterprise Value/Gross Profit-36.79
Enterprise Value/Ebitda110.88
Forecast
1Y Price Target
$4.51Price Target Upside128.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Bitfarms News
Bulls Say, Bears Say
Bulls Say
Expansion PlansBitfarms will substantially increase its U.S. footprint to approximately 47% of its total portfolio, up from just 6% currently.
Financial PerformanceBitfarms exited the quarter with nearly $200M of total liquidity, ensuring that 2024 growth is fully funded and de-risked.
Growth StrategyBitfarms' acquisition of Stronghold will more than triple its total capacity to 955 MW, significantly boosting its growth trajectory.
Bears Say
Financial PerformancePotential for shareholder dilution from equity capital raises could impact stock value negatively.
GovernanceRejection of a 20% premium offer without substantive dialogue signals potential underlying issues at the board level.
Market CompetitionPeers may be hesitant to entertain a competing bid due to RIOT's growing ownership stake and governance concerns.
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Ownership Overview
28.33% Insiders
0.23% Mutual Funds
11.77% Other Institutional Investors
59.67% Public Companies and Individual Investors
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was $0.92 and its highest was $3.91 in the past 12 months.
What is Bitfarms’s market cap?
Currently, no data Available
When is Bitfarms’s upcoming earnings report date?
Bitfarms’s upcoming earnings report date is Nov 28, 2024 which is in 71 days.
How were Bitfarms’s earnings last quarter?
Bitfarms released its earnings results on Aug 08, 2024. The company reported -$0.07 earnings per share for the quarter, beating the consensus estimate of -$0.108 by $0.038.
Is Bitfarms overvalued?
According to Wall Street analysts Bitfarms’s price is currently Undervalued.
Does Bitfarms pay dividends?
Bitfarms does not currently pay dividends.
What is Bitfarms’s EPS estimate?
Bitfarms’s EPS estimate is -$0.09.
How many shares outstanding does Bitfarms have?
Bitfarms has 453,508,670 shares outstanding.
What happened to Bitfarms’s price movement after its last earnings report?
Bitfarms reported an EPS of -$0.07 in its last earnings report, beating expectations of -$0.108. Following the earnings report the stock price went up 22.34%.
Which hedge fund is a major shareholder of Bitfarms?
Currently, no hedge funds are holding shares in BITF
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Bitfarms Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$4.51 (128.35% Upside)
$4.51 (128.35% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 88%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $81.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
74.35%
12-Months-Change
Fundamentals
Return on Equity
-29.05%
Trailing 12-Months
Asset Growth
64.58%
Trailing 12-Months
Company Description
Bitfarms
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. Bitfarms also provides computing power to cryptocurrency networks.
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BITF Company Deck
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BITF Earnings Call
Q2 2024
0:00 / 0:00
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BITF Stock 12 Month Forecast
Average Price Target
$4.51
▲(128.35% Upside)
Technical Analysis
Best Analysts Covering BITF
1 Year
1 Year Success Rate
1/2 ratings generated profit
1 Year Average Return
-2.80%
reiterated a buy rating 4 months ago
Copying Joe Flynn's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -2.80% per trade.
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