Based on the Bitfarms Ltd stock forecast from 4 analysts, the average analyst target price for Bitfarms Ltd is USD 4.03 over the next 12 months. Bitfarms Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Bitfarms Ltd is Slightly Bearish, which is based on 3 positive signals and 6 negative signals. At the last closing, Bitfarms Ltd’s stock price was USD 1.86. Bitfarms Ltd’s stock price has changed by -2.11% over the past week, -5.58% over the past month and +58.97% over the last year.
No recent analyst target price found for Bitfarms Ltd
No recent average analyst rating found for Bitfarms Ltd
Company Overview Bitfarms Ltd
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 formerly known as Bitfarms Technologies Ltd and changed its name to Bitfarms Ltd. in October 2018. The company was founded in 2017 and is based in Toronto, Canada. Read Less
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 transa...Read More
Frequently Asked Questions About Bitfarms Ltd (BITF) Stock
Based on ratings from 4 analysts Bitfarms Ltd's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 8 buy, sell and 1 hold ratings.
Unfortunately we do not have enough data on BITF's stock to indicate if its a good dividend stock.
Based on targets from 4 analysts, the average taret price for BITF is USD 4.03 over the next 12 months. The maximum analyst target price is USD 5 while the minimum anlayst target price is USD 2.3.
BITF stock's Price/Earning ratio is 7.57.
Our analysis grades BITF stock's Price / Earning ratio at C+. This means that BITF stock's Price/Earning ratio is above 21% of the stocks in the Capital Markets sector in the NSD exchange.
Based on this BITF may be undervalued for its sector.
The last closing price of BITF's stock was USD 1.86.
The most recent market capitalization for BITF is USD 1.01B.
Based on targets from 4 analysts, the average taret price for BITF is projected at USD 4.03 over the next 12 months.
This means that BITF's stock price may go up by +116.85% over the next 12 months.
We can't find any ETFs which contains Bitfarms Ltd's stock.
As per our most recent records Bitfarms Ltd has 170 Employees.
Bitfarms Ltd's registered address is 110 Yonge Street, Toronto, ON, Canada, M5C 1C4.
You can get more information about it from Bitfarms Ltd's website at https://www.bitfarms.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
What not to like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Bitfarms Ltd (BITF) Stock
Based on ratings from 4 analysts Bitfarms Ltd's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 8 buy, sell and 1 hold ratings.
Unfortunately we do not have enough data on BITF's stock to indicate if its a good dividend stock.
Based on targets from 4 analysts, the average taret price for BITF is USD 4.03 over the next 12 months. The maximum analyst target price is USD 5 while the minimum anlayst target price is USD 2.3.
BITF stock's Price/Earning ratio is 7.57.
Our analysis grades BITF stock's Price / Earning ratio at C+. This means that BITF stock's Price/Earning ratio is above 21% of the stocks in the Capital Markets sector in the NSD exchange.
Based on this BITF may be undervalued for its sector.
The last closing price of BITF's stock was USD 1.86.
The most recent market capitalization for BITF is USD 1.01B.
Based on targets from 4 analysts, the average taret price for BITF is projected at USD 4.03 over the next 12 months.
This means that BITF's stock price may go up by +116.85% over the next 12 months.
We can't find any ETFs which contains Bitfarms Ltd's stock.
As per our most recent records Bitfarms Ltd has 170 Employees.
Bitfarms Ltd's registered address is 110 Yonge Street, Toronto, ON, Canada, M5C 1C4.
You can get more information about it from Bitfarms Ltd's website at https://www.bitfarms.com.
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