Bitfarms (NASDAQ:BITF – Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $54.22 million for the quarter.
Bitfarms Price Performance
Shares of BITF stock opened at $1.13 on Thursday. Bitfarms has a 12-month low of $1.09 and a 12-month high of $3.91. The company has a quick ratio of 3.68, a current ratio of 3.70 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $1.52 and a 200-day moving average of $1.89. The company has a market capitalization of $541.65 million, a price-to-earnings ratio of -3.14 and a beta of 3.64.
Analyst Upgrades and Downgrades
BITF has been the subject of a number of research reports. Keefe, Bruyette & Woods began coverage on Bitfarms in a report on Wednesday, January 8th. They set an “outperform” rating for the company. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Bitfarms in a report on Thursday, November 14th. Stifel Canada upgraded Bitfarms from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 22nd. Finally, Alliance Global Partners started coverage on Bitfarms in a research report on Wednesday, December 4th. They set a “buy” rating and a $6.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.05.
Bitfarms Company Profile
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.
Featured Articles
- Five stocks we like better than Bitfarms
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Buffett’s on the Sidelines – Should You Follow?
- Short Selling: How to Short a Stock
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
- Pros And Cons Of Monthly Dividend Stocks
- 3 Stocks With Triple-Digit PEs That Are Still Worth a Look
Receive News & Ratings for Bitfarms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitfarms and related companies with MarketBeat.com's FREE daily email newsletter.
