Bitfarms Stock Performance
| BITF Stock | USD 2.05 0.13 6.77% |
On a scale of 0 to 100, Bitfarms holds a performance score of 2. The firm shows a Beta (market volatility) of 2.45, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitfarms will likely underperform. Please check Bitfarms' skewness, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Bitfarms' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Bitfarms are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Bitfarms reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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| Begin Period Cash Flow | 30.9 M |
Bitfarms |
Bitfarms Relative Risk vs. Return Landscape
If you would invest 202.00 in Bitfarms on January 24, 2024 and sell it today you would earn a total of 3.00 from holding Bitfarms or generate 1.49% return on investment over 90 days. Bitfarms is currently generating 0.2098% in daily expected returns and assumes 6.2384% risk (volatility on return distribution) over the 90 days horizon. In different words, 55% of stocks are less volatile than Bitfarms, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Bitfarms Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitfarms' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bitfarms, and traders can use it to determine the average amount a Bitfarms' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0336
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.24 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Bitfarms is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bitfarms by adding it to a well-diversified portfolio.
Bitfarms Fundamentals Growth
Bitfarms Stock prices reflect investors' perceptions of the future prospects and financial health of Bitfarms, and Bitfarms fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bitfarms Stock performance.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (0.71) % | ||||
| Operating Margin | (0.19) % | ||||
| Current Valuation | 587.24 M | ||||
| Shares Outstanding | 334.15 M | ||||
| Price To Earning | 10.80 X | ||||
| Price To Book | 2.05 X | ||||
| Price To Sales | 4.15 X | ||||
| Revenue | 149.05 M | ||||
| Gross Profit | 10.52 M | ||||
| EBITDA | 18.42 M | ||||
| Net Income | (105.94 M) | ||||
| Cash And Equivalents | 45.98 M | ||||
| Cash Per Share | 0.22 X | ||||
| Total Debt | 19.77 M | ||||
| Debt To Equity | 0.37 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | 24.03 M | ||||
| Earnings Per Share | (0.40) X | ||||
| Market Capitalization | 641.57 M | ||||
| Total Asset | 376.79 M | ||||
| Retained Earnings | (293.42 M) | ||||
| Working Capital | 60.83 M | ||||
About Bitfarms Performance
To evaluate Bitfarms Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bitfarms generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bitfarms Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bitfarms market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bitfarms's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.50 | 2.21 | |
| Return On Tangible Assets | (0.28) | (0.30) | |
| Return On Capital Employed | (0.22) | (0.23) | |
| Return On Assets | (0.28) | (0.30) | |
| Return On Equity | (0.36) | (0.38) |
Things to note about Bitfarms performance evaluation
Checking the ongoing alerts about Bitfarms for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bitfarms help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bitfarms had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 149.05 M. Net Loss for the year was (105.94 M) with profit before overhead, payroll, taxes, and interest of 10.52 M. | |
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- Analyzing Bitfarms' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bitfarms' stock is overvalued or undervalued compared to its peers.
- Examining Bitfarms' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bitfarms' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bitfarms' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bitfarms' stock. These opinions can provide insight into Bitfarms' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Bitfarms Stock analysis
When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.
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Is Bitfarms' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.558 | Quarterly Revenue Growth 0.71 | Return On Assets (0.11) | Return On Equity (0.38) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.