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Bitfarms Ltd. (BITF)

2   0.26 (14.94%) 08-14 12:23
Open: 1.74 Pre. Close: 1.74
High: 2.0162 Low: 1.68
Volume: 5,918,633 Market Cap: 407(M)
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. 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 headquartered in Toronto, Canada.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.02 - 2.03 2.03 - 2.03
Low: 1.66 - 1.67 1.67 - 1.68
Close: 1.98 - 2 2 - 2.01

Technical analysis

as of: 2022-08-12 4:20:33 PM
Overall:       
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 2.35     One year: 2.75
Support: Support1: 1.43    Support2: 1.07
Resistance: Resistance1: 2.01    Resistance2: 2.35
Pivot: 1.55
Moving Average: MA(5): 1.74     MA(20): 1.51
MA(100): 2.07     MA(250): 3.91
MACD: MACD(12,26): 0.1     Signal(9): 0
Stochastic oscillator: %K(14,3): 87.1     %D(3): 81
RSI: RSI(14): 69.3
52-week: High: 9.35  Low: 1.03
Average Vol(K): 3-Month: 4,153 (K)  10-Days: 4,630 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ BITF ] has closed above the upper band by 11.0%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 12.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Sun, 14 Aug 2022
Alfi (NASDAQ:ALF) & Bitfarms (NASDAQ:BITF) Financial Review - Defense World

Fri, 12 Aug 2022
Pre-Market Earnings Report for August 15, 2022 : YOU, ATAI, TCRT, VRDN, DOYU, WEBR, BITF, SBT, GRCL, GMDA, IMPL, DRIO - Nasdaq

Wed, 10 Aug 2022
Premarket Mover: Bitfarms Ltd (BITF) Up 6.37% - InvestorsObserver

Fri, 05 Aug 2022
Bitfarms (TSE:BITF) Shares Up 7.4% - Defense World

Mon, 01 Aug 2022
Bitfarms Provides July 2022 Production and Mining Operations Update - Yahoo Finance

Thu, 28 Jul 2022
Bitfarms Completes Phase 2 at Its Bunker Location - GlobeNewswire

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Neutral
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Neutral
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Financial Services
Industry:  Capital Markets
Shares Out. 203 (M)
Shares Float 186 (M)
% Held by Insiders 13.7 (%)
% Held by Institutions 16.7 (%)
Shares Short 13,570 (K)
Shares Short P.Month 14,070 (K)

Stock Financials

EPS 0.21
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.27
Profit Margin (%) 18.8
Operating Margin (%) 30
Return on Assets (ttm) 8.5
Return on Equity (ttm) 11.3
Qtrly Rev. Growth 41.7
Gross Profit (p.s.) 0.54
Sales Per Share 0.89
EBITDA (p.s.) 0.42
Qtrly Earnings Growth 0
Operating Cash Flow -58 (M)
Levered Free Cash Flow -337 (M)

Stock Valuations

PE Ratio 9.09
PEG Ratio 0
Price to Book value 0.87
Price to Sales 2.23
Price to Cash Flow -7.01

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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