Bitfarms Ltd

Company Profile

Bitfarms Ltd had its IPO on 2018-08-28 under the ticker symbol BITF.

The company operates in the Financial Services sector and Capital Markets industry. Bitfarms Ltd has a staff strength of 150 employees.

Stock update

Shares of Bitfarms Ltd opened at $1.17 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.13 - $1.29, and closed at $1.15.

This is a +4.55% increase from the previous day's closing price.

A total volume of 12,459,100 shares were traded at the close of the day’s session.

In the last one week, shares of Bitfarms Ltd have slipped by -12.21%.

Bitfarms Ltd's Key Ratios

Bitfarms Ltd has a market cap of $274.09 million, indicating a price to book ratio of 0.4333 and a price to sales ratio of 0.5719.

In the last 12-months Bitfarms Ltd’s revenue was $132.15 million with a gross profit of $10.52 million and an EBITDA of $14.32 million. The EBITDA ratio measures Bitfarms Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Bitfarms Ltd’s operating margin was -46.08% while its return on assets stood at -7.84% with a return of equity of -67.19%.

In Q1, Bitfarms Ltd’s quarterly earnings growth was a positive 0% while revenue growth was a negative 25.5%.

Bitfarms Ltd’s PE and PEG Ratio

Forward PE

13.459

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-1.19 per share while it has a forward price to earnings multiple of 13.459 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Bitfarms Ltd’s profitability.

Bitfarms Ltd stock is trading at a EV to sales ratio of 3.2053 and a EV to EBITDA ratio of -1.1382. Its price to sales ratio in the trailing 12-months stood at 0.5719.

Bitfarms Ltd stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$331.98 million

Total Liabilities

$43.50 million

Operating Cash Flow

$0

Capital Expenditure

$8.10 million

Dividend Payout Ratio

0%

Bitfarms Ltd ended 2024 with $331.98 million in total assets and $0 in total liabilities. Its intangible assets were valued at $331.98 million while shareholder equity stood at $272.66 million.

Bitfarms Ltd ended 2024 with $0 in deferred long-term liabilities, $43.50 million in other current liabilities, 444960000.00 in common stock, $-241544000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $29.38 million and cash and short-term investments were $39.64 million. The company’s total short-term debt was $23,914,000 while long-term debt stood at $67000.00.

Bitfarms Ltd’s total current assets stands at $73.91 million while long-term investments were $0 and short-term investments were $10.26 million. Its net receivables were $16.27 million compared to accounts payable of $11.92 million and inventory worth $593000.00.

In 2024, Bitfarms Ltd's operating cash flow was $0 while its capital expenditure stood at $8.10 million.

Comparatively, Bitfarms Ltd paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.15

52-Week High

$2.33

52-Week Low

$0.376

Analyst Target Price

$

Bitfarms Ltd stock is currently trading at $1.15 per share. It touched a 52-week high of $2.33 and a 52-week low of $2.33. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $1.56 and 200-day moving average was $1.1 The short ratio stood at 1.16 indicating a short percent outstanding of 0%.

Around 712.2% of the company’s stock are held by insiders while 1695.7% are held by institutions.