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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$2.21
Volume10.23M
Average Volume (3M)18.41M
Market Cap
$972.51M
Enterprise Value$866.23M
Total Cash (Recent Filing)$149.29M
Total Debt (Recent Filing)$15.87M
Price to Earnings (P/E)―
Beta2.36
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. Volume14,051,524
30 Day Avg. Volume18,412,961
Standard Deviation0.43
R-Squared0.16
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.91
Price to Sales (P/S)5.24
Price to Cash Flow (P/CF)23.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.02
Enterprise Value/Gross Profit-40.29
Enterprise Value/Ebitda121.41
Forecast
1Y Price Target
$3.43Price Target Upside59.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Bitfarms News
Bulls Say, Bears Say
Bulls Say
Growth StrategyManagement can now turn its full attention to offense and execution against Bitfarms' compelling 2024 growth strategy and achievement of the company's 21 EH/s guidance by the end of 2024.
Strategic AgreementThe agreement effectively ends Riot's hostile takeover attempt of Bitfarms, making it a more positive outcome for Bitfarms and its shareholders.
UndervaluationShares remain significantly undervalued at current levels, trading at ~40% discount to peers on 2024E revenues, which is viewed as unwarranted.
Bears Say
Cryptocurrency VolatilityVolatility in BTC prices poses a significant risk to achieving the price target.
Operational DelaysConstruction and deployment delays at Bitfarms' mining facilities could impact the stock's performance.
Shareholder DilutionThe potential for shareholder dilution from equity capital raises may negatively affect the stock price.
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Ownership Overview
28.33% Insiders
0.23% Mutual Funds
11.86% Other Institutional Investors
59.58% 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 64 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
Moderate Buy
Average Price Target:
$3.43 (59.53% Upside)
$3.43 (59.53% Upside)
Blogger Sentiment
Bullish
BITF Sentiment 88%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $70.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 2.2%
Last 30 Days ▼ 2.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
108.49%
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
$3.43
▲(59.53% Upside)
Technical Analysis
Best Analysts Covering BITF
1 Year
1 Year Success Rate
1/2 ratings generated profit
1 Year Average Return
-4.70%
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 -4.70% per trade.
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