What is B. Riley’s Forecast for Bitfarms FY2025 Earnings?

Bitfarms Ltd. (NASDAQ:BITF) – Investment analysts at B. Riley lifted their FY2025 EPS estimates for shares of Bitfarms in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($0.01) per share for the year, up from their previous estimate of ($0.05). The consensus estimate for Bitfarms’ current full-year earnings is ($0.21) per share. B. Riley also issued estimates for Bitfarms’ FY2026 earnings at $0.01 EPS.

BITF has been the subject of a number of other research reports. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Bitfarms in a research report on Thursday, November 14th. Stifel Canada raised shares of Bitfarms from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 22nd. Alliance Global Partners initiated coverage on shares of Bitfarms in a research report on Wednesday, December 4th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of Bitfarms in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.05.

Bitfarms Stock Down 0.6 %

BITF stock opened at $1.68 on Monday. The business has a 50-day moving average of $2.07 and a 200-day moving average of $2.25. Bitfarms has a fifty-two week low of $1.52 and a fifty-two week high of $3.91. The stock has a market capitalization of $760.93 million, a P/E ratio of -4.67 and a beta of 3.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.68.

Hedge Funds Weigh In On Bitfarms

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Bitfarms by 17.7% in the third quarter. Van ECK Associates Corp now owns 6,075,744 shares of the company’s stock valued at $11,969,000 after acquiring an additional 911,952 shares during the last quarter. State Street Corp lifted its stake in Bitfarms by 1.3% in the 3rd quarter. State Street Corp now owns 4,917,729 shares of the company’s stock valued at $10,376,000 after purchasing an additional 63,916 shares during the last quarter. Geode Capital Management LLC lifted its stake in Bitfarms by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,879,454 shares of the company’s stock valued at $3,965,000 after purchasing an additional 81,760 shares during the last quarter. Weiss Asset Management LP grew its holdings in Bitfarms by 173.6% during the third quarter. Weiss Asset Management LP now owns 1,582,934 shares of the company’s stock worth $3,340,000 after purchasing an additional 1,004,400 shares during the period. Finally, Marshall Wace LLP acquired a new position in Bitfarms during the second quarter worth approximately $4,016,000. 20.59% of the stock is owned by institutional investors.

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.