Is Bitfarms Stock a Good Investment?

Bitfarms Investment Advice

BITF

To provide specific investment advice or recommendations on Bitfarms stock, we recommend investors consider the following general factors when evaluating Bitfarms. This will help you to make an informed decision on whether to include Bitfarms in one of your diversified portfolios:

Examine Bitfarms' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Bitfarms' leadership team and their track record. Good management can help Bitfarms navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Asset Management & Custody Banks space and any emerging trends that could impact Bitfarms' business and its evolving consumer preferences.
Compare Bitfarms' performance and market position to its competitors. Analyze how Bitfarms is positioned in terms of product offerings, innovation, and market share.
Check if Bitfarms pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Bitfarms' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Bitfarms stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Bitfarms is a good investment.

Sell

Buy

Strong Sell

We provide trade advice to complement the prevailing expert consensus on Bitfarms. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Bitfarms is not overpriced, please confirm all Bitfarms fundamentals, including its debt to equity, beta, and the relationship between the net income and short ratio . Please also double-check Bitfarms number of shares shorted to validate your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

Market Performance	Insignificant	Details
Volatility	Dangerous	Details
Hype Condition	Stale	Details
Current Valuation	Undervalued	Details
Odds Of Distress	Below Average	Details
Economic Sensitivity	Hyperactively responds to market trends	Details
Investor Sentiment	Alarmed	Details
Analyst Consensus	Strong Buy	Details
Financial Strenth (F Score)	Healthy	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Unlikely Manipulator	Details

Examine Bitfarms Stock

Researching Bitfarms' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 23.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.84. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bitfarms recorded a loss per share of 0.38. The entity had not issued any dividends in recent years.

To determine if Bitfarms is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Bitfarms' research are outlined below:

	Bitfarms had very high historical volatility over the last 90 days
	Bitfarms may become a speculative penny stock
	The company reported the previous year's revenue of 146.37 M. Net Loss for the year was (105.94 M) with profit before overhead, payroll, taxes, and interest of 10.52 M.
	About 23.0% of the company shares are held by company insiders
	Latest headline from gurufocus.com: Bitfarms Provides November 2024 Productionand Operations Update

Bitfarms uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Bitfarms. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Bitfarms' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	19th of March 2024 Upcoming Quarterly Report	View
	20th of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	19th of March 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact Bitfarms' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Bitfarms' investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2023-08-08	2023-06-30	-0.05	-0.06	-0.01	20
2021-08-16	2021-06-30	0.08	0.09	0.01	12
2024-11-05	2024-09-30	-0.096	-0.08	0.016	16
2023-11-05	2023-09-30	-0.04	-0.07	-0.03	75
2021-11-15	2021-09-30	0.25	0.28	0.03	12
2024-08-08	2024-06-30	-0.11	-0.07	0.04	36
2022-05-16	2022-03-31	0.05	0.01	-0.04	80
2021-03-25	2020-12-31	-0.02	-0.08	-0.06	300

Know Bitfarms' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Bitfarms is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bitfarms backward and forwards among themselves. Bitfarms' institutional investor refers to the entity that pools money to purchase Bitfarms' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Mmcap International Inc. Spc	2024-09-30	1.9 M
Weiss Asset Management Lp	2024-09-30	1.6 M
Blackrock Inc	2024-06-30	1.3 M
Charles Schwab Investment Management Inc	2024-09-30	1.1 M
Jane Street Group Llc	2024-06-30	917.3 K
Dimensional Fund Advisors, Inc.	2024-09-30	855.3 K
Cetera Investment Advisers	2024-09-30	731 K
Swiss National Bank	2024-09-30	705.8 K
Bank Of Montreal	2024-09-30	676.5 K
Amvescap Plc.	2024-09-30	12.2 M
Tidal Investments Llc.	2024-09-30	6.2 M

Note, although Bitfarms' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Bitfarms' market capitalization trends

The company currently falls under 'Small-Cap' category with a current market capitalization of 967.66 M.

Market Cap

636.91 Million

Bitfarms' profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	(0.28)	(0.29)
Return On Capital Employed	(0.23)	(0.24)
Return On Assets	(0.27)	(0.29)
Return On Equity	(0.35)	(0.37)

The company has Profit Margin (PM) of (0.68) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.88) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.88.

Determining Bitfarms' profitability involves analyzing its financial statements and using various financial metrics to determine if Bitfarms is a good buy. For example, gross profit margin measures Bitfarms' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Bitfarms' profitability and make more informed investment decisions.

Evaluate Bitfarms' management efficiency

Bitfarms has return on total asset (ROA) of (0.13) % which means that it has lost $0.13 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3107) %, meaning that it created substantial loss on money invested by shareholders. Bitfarms' management efficiency ratios could be used to measure how well Bitfarms manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.29. The current Return On Capital Employed is estimated to decrease to -0.24. At this time, Bitfarms' Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Bitfarms' current Fixed Asset Turnover is estimated to increase to 0.79, while Non Current Assets Total are projected to decrease to roughly 144 M.

	Last Reported	Projected for Next Year
Book Value Per Share	1.12	0.74
Tangible Book Value Per Share	1.11	0.71
Enterprise Value Over EBITDA	(44.07)	(41.87)
Price Book Value Ratio	2.59	3.32
Enterprise Value Multiple	(44.07)	(41.87)
Price Fair Value	2.59	3.32
Enterprise Value	680 M	604.5 M

Understanding the operational decisions made by Bitfarms management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.

Beta

3.177

Basic technical analysis of Bitfarms Stock

As of the 4th of December, Bitfarms shows the Risk Adjusted Performance of 0.0154, downside deviation of 5.36, and Mean Deviation of 4.68. Bitfarms technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bitfarms variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Bitfarms is priced correctly, providing market reflects its regular price of 1.99 per share. Please also double-check Bitfarms total risk alpha, which is currently at (0.78) to validate the company can sustain itself at a future point.

Bitfarms' Outstanding Corporate Bonds

Bitfarms issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Bitfarms uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Bitfarms bonds can be classified according to their maturity, which is the date when Bitfarms has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

	Dana 575 percent Corp Bond US235822AB96	View
	Boeing Co 2196 Corp Bond US097023DG73	View
	BNP Paribas FRN Corp Bond USF1R15XK367	View
	AerCap Global Aviation Corp Bond US00773HAA59	View

View All Bitfarms Corporate Bonds

Understand Bitfarms' technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Bitfarms' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0154
	Market Risk Adjusted Performance	0.0209
	Mean Deviation	4.68
	Semi Deviation	5.06
	Downside Deviation	5.36
	Coefficient Of Variation	11406.28
	Standard Deviation	6.06
	Variance	36.67
	Information Ratio	(0.01)
	Jensen Alpha	(0.37)
	Total Risk Alpha	(0.78)
	Sortino Ratio	(0.01)
	Treynor Ratio	0.0109
	Maximum Drawdown	33.47
	Value At Risk	(7.05)
	Potential Upside	10.16
	Downside Variance	28.73
	Semi Variance	25.65
	Expected Short fall	(5.77)
	Skewness	0.6164
	Kurtosis	1.24

	Risk Adjusted Performance	0.0154
	Market Risk Adjusted Performance	0.0209
	Mean Deviation	4.68
	Semi Deviation	5.06
	Downside Deviation	5.36
	Coefficient Of Variation	11406.28
	Standard Deviation	6.06
	Variance	36.67
	Information Ratio	(0.01)
	Jensen Alpha	(0.37)
	Total Risk Alpha	(0.78)
	Sortino Ratio	(0.01)
	Treynor Ratio	0.0109
	Maximum Drawdown	33.47
	Value At Risk	(7.05)
	Potential Upside	10.16
	Downside Variance	28.73
	Semi Variance	25.65
	Expected Short fall	(5.77)
	Skewness	0.6164
	Kurtosis	1.24

Consider Bitfarms' intraday indicators

Bitfarms intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Bitfarms stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	0.0493
	Daily Balance Of Power	(0.50)
	Rate Of Daily Change	0.98
	Day Median Price	1.98
	Day Typical Price	1.98
	Market Facilitation Index	0.1
	Price Action Indicator	(0.01)
	Period Momentum Indicator	(0.05)
	Relative Strength Index	52.77

Bitfarms time-series forecasting models is one of many Bitfarms' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Bitfarms' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Bitfarms Stock media impact

Far too much social signal, news, headlines, and media speculation about Bitfarms that are available to investors today. That information is available publicly through Bitfarms media outlets and privately through word of mouth or via Bitfarms internal channels. However, regardless of the origin, that massive amount of Bitfarms data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Bitfarms news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Bitfarms relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Bitfarms' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Bitfarms alpha.

Bitfarms Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Bitfarms can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Bitfarms Corporate Management

Patricia Osorio	VP Secretary	Profile
Rachel Silverstein	U Counsel	Profile
Stephanie Wargo	Vice Communications	Profile
Philippe Fortier	Senior Development	Profile
Nicolas Bonta	Founder Chairman	Profile
Tracy Krumme	Senior Relations	Profile
Liam Wilson	Chief Officer	Profile

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports: