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Bitfarms (TSE:BITF)
TSX:BITF
Bitfarms (BITF) Stock Price & Analysis
982 Followers
BITF Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$1.26 - C$5.25
Previous CloseC$3.83
Volume3.04M
Average Volume (3M)3.44M
Market Cap
C$1.55B
Enterprise ValueC$1.45B
Total Cash (Recent Filing)$70.47M
Total Debt (Recent Filing)$15.95M
Price to Earnings (P/E)―
Beta1.91
Next Earnings
Aug 30, 2024EPS Estimate
-C$0.15Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.48
Shares Outstanding409,306,939
10 Day Avg. Volume5,298,995
30 Day Avg. Volume3,442,375
Standard Deviation0.44
R-Squared0.12
Alpha0.06
Financial Highlights & Ratios
Price to Book (P/B)3.39
Price to Sales (P/S)11.33
Price to Cash Flow (P/CF)16.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.71
Enterprise Value/Gross Profit-67.51
Enterprise Value/Ebitda-72.59
Forecast
1Y Price Target
C$5.83Price Target Upside49.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Bitfarms News
PremiumCompany Announcements
Bitfarms Executives to Speak at H.C. Wainwright Event
PremiumCompany Announcements
Bitfarms Announces Special Shareholders’ Meeting Amid Takeover AttemptBulls Say, Bears Say
Bulls Say
Growth ProspectsManagement expressed its confidence that the company will reach 21 EH/s and a fleet efficiency of 21 J/TH, representing a +223% increase in hash rate and a 40% improvement in efficiency, the largest expansion in BITF's history.
New Revenue SourcesBITF is actively searching for and evaluating organic and inorganic growth opportunities for BTC mining and other applications that utilize high quality energy assets that can generate new revenue sources for the company, such as AI.
ValuationBITF is one of the most attractively valued public miners and shares are poised to deliver outsized performance as we progress through this bull market cycle.
Bears Say
Board GovernanceRejection of a premium offer without substantive dialogue suggests underlying issues at the board level.
Capital ExpendituresHigh capital expenditures remaining to reach the target may deter peers from considering competing bids.
Price VolatilityVolatility in BTC prices presents a risk to achieving the price target.
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Options Prices
Currently, No data available
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Ownership Overview
25.73% Insiders
0.24% Mutual Funds
12.32% Other Institutional Investors
61.72% Public Companies and Individual Investors
BITF FAQ
What was Bitfarms’s price range in the past 12 months?
Bitfarms lowest stock price was C$1.26 and its highest was C$5.25 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 Aug 30, 2024 which is in 39 days.
How were Bitfarms’s earnings last quarter?
Bitfarms released its earnings results on May 15, 2024. The company reported -C$0.028 earnings per share for the quarter, missing the consensus estimate of -C$0.025 by -C$0.003.
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 -C$0.15.
How many shares outstanding does Bitfarms have?
Bitfarms has 398,587,000 shares outstanding.
What happened to Bitfarms’s price movement after its last earnings report?
Bitfarms reported an EPS of -C$0.028 in its last earnings report, missing expectations of -C$0.025. Following the earnings report the stock price went up 15.455%.
Which hedge fund is a major shareholder of Bitfarms?
Currently, no hedge funds are holding shares in TSE:BITF
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Bitfarms Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$5.83 (49.60% Upside)
C$5.83 (49.60% Upside)
Blogger Sentiment
Bullish
TSE:BITF Sentiment 88%
Sector Average 69%
Sector Average 69%
Insider Transactions
Bought Shares
Worth $56.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 2.4%
Last 30 Days ▲ 2.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
50.81%
12-Months-Change
Fundamentals
Return on Equity
-33.46%
Trailing 12-Months
Asset Growth
28.46%
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
Q1 2024
0:00 / 0:00
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BITF Stock 12 Month Forecast
Average Price Target
C$5.83
▲(49.60% Upside)
Technical Analysis
Best Analysts Covering BITF
1 Year
1 Year Success Rate
2/2 ratings generated profit
1 Year Average Return
+32.90%
reiterated a buy rating 2 months ago
Copying Joe Flynn's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +32.90% per trade.
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