Bitfarms Ltd. (BITF)
Bitfarms Statistics
Share Statistics
Bitfarms has 506.9M shares outstanding. The number of shares has increased by 12.16% in one year.
| Shares Outstanding | 506.9M |
| Shares Change (YoY) | 12.16% |
| Shares Change (QoQ) | -5.39% |
| Owned by Institutions (%) | 22.7% |
| Shares Floating | 402.97M |
| Failed to Deliver (FTD) Shares | 624.07K |
| FTD / Avg. Volume | 2.24% |
Short Selling Information
The latest short interest is 57.65M, so 10.41% of the outstanding shares have been sold short.
| Short Interest | 57.65M |
| Short % of Shares Out | 10.41% |
| Short % of Float | 10.78% |
| Short Ratio (days to cover) | 2.32 |
Valuation Ratios
The PE ratio is -12.37 and the forward PE ratio is 7.21. Bitfarms's PEG ratio is 0.17.
| PE Ratio | -12.37 |
| Forward PE | 7.21 |
| PS Ratio | 3.47 |
| Forward PS | 0.9 |
| PB Ratio | 1.1 |
| P/FCF Ratio | -1.39 |
| PEG Ratio | 0.17 |
Enterprise Valuation
Currently the Enterprise Value (EV) is not available for Bitfarms.
| EV / Sales | n/a |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 5.89, with a Debt / Equity ratio of 0.04.
| Current Ratio | 5.89 |
| Quick Ratio | 5.86 |
| Debt / Equity | 0.04 |
| Debt / EBITDA | 0.31 |
| Debt / FCF | -0.05 |
| Interest Coverage | -61.89 |
Financial Efficiency
Return on Equity is n/a and Return on Invested Capital is n/a.
| Return on Equity | n/a |
| Return on Assets | n/a |
| Return on Invested Capital | n/a |
| Revenue Per Employee | $1.13M |
| Profits Per Employee | $-318.02K |
| Employee Count | 170 |
| Asset Turnover | 0.29 |
| Inventory Turnover | 190.88 |
Taxes
| Income Tax | -14.29M |
| Effective Tax Rate | 20.91% |
Stock Price Statistics
The stock price has increased by -48.76% in the last 52 weeks. The beta is 3.98, so Bitfarms's price volatility has been higher than the market average.
| Beta | 3.98 |
| 52-Week Price Change | -48.76% |
| 50-Day Moving Average | 1.04 |
| 200-Day Moving Average | 1.78 |
| Relative Strength Index (RSI) | 57.67 |
| Average Volume (20 Days) | 27.83M |
Income Statement
In the last 12 months, Bitfarms had revenue of 192.88M and earned -54.06M in profits. Earnings per share was -0.12.
| Revenue | 192.88M |
| Gross Profit | -32.36M |
| Operating Income | -107.56M |
| Net Income | -54.06M |
| EBITDA | 74.35M |
| EBIT | -66.61M |
| Earnings Per Share (EPS) | -0.12 |
Balance Sheet
The company has 59.54M in cash and 23.41M in debt, giving a net cash position of 36.13M.
| Cash & Cash Equivalents | 59.54M |
| Total Debt | 23.41M |
| Net Cash | 36.13M |
| Retained Earnings | -334.51M |
| Total Assets | 667.62M |
| Working Capital | 177.44M |
Cash Flow
In the last 12 months, operating cash flow was -140.56M and capital expenditures -339.85M, giving a free cash flow of -480.42M.
| Operating Cash Flow | -140.56M |
| Capital Expenditures | -339.85M |
| Free Cash Flow | -480.42M |
| FCF Per Share | -1.07 |
Margins
Gross margin is -16.78%, with operating and profit margins of -55.77% and -28.03%.
| Gross Margin | -16.78% |
| Operating Margin | -55.77% |
| Pretax Margin | -35.44% |
| Profit Margin | -28.03% |
| EBITDA Margin | 38.55% |
| EBIT Margin | -55.77% |
| FCF Margin | -249.07% |
Dividends & Yields
BITF does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | n/a |
| FCF Yield | n/a |
Analyst Forecast
The average price target for BITF is $4, which is 288.3% higher than the current price. The consensus rating is "Buy".
| Price Target | $4 |
| Price Target Difference | 288.3% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
Scores
| Altman Z-Score | 4.38 |
| Piotroski F-Score | 1 |