Bitfarms Stock Performance
| BITF Stock | USD 2.05 0.06 2.84% |
The firm shows a Beta (market volatility) of 4.31, 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. Bitfarms right now shows a risk of 6.0%. Please confirm Bitfarms semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Bitfarms will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Bitfarms has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Bitfarms is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Actual Historical Performance (%)
One Day Return 1.18 | Five Day Return (6.36) | Year To Date Return (24.82) | Ten Year Return 44.26 | All Time Return 44.26 |
1 | Is Bitfarms Ltd. The Best Bitcoin and Blockchain Stock To Buy According to Analysts | 08/30/2024 |
2 | Bitfarms agrees to board changes in settlement with Riot Platforms | 09/23/2024 |
3 | Bitfarms Shares Gap Up to 2.20 - MarketBeat | 09/27/2024 |
4 | Bitfarms Files Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program - StockTitan | 10/04/2024 |
5 | Bitfarms Ltd. Short Interest Update | 10/15/2024 |
6 | Bitfarms Stock Price Down 4.8 percent Heres Why | 10/23/2024 |
7 | Bitfarms Shares Gap Down Time to Sell | 11/04/2024 |
8 | Bitfarms Ltd. Stock Dips While Market Gains Key Facts | 11/08/2024 |
9 | Bitfarms Ltd. Q3 2024 Earnings Call Transcript | 11/14/2024 |
10 | Bitfarms stock target raised, retains buy rating on upbeat BTC outlook | 11/15/2024 |
| Begin Period Cash Flow | 30.9 M |
Bitfarms |
Bitfarms Relative Risk vs. Return Landscape
If you would invest 226.00 in Bitfarms on August 27, 2024 and sell it today you would lose (15.00) from holding Bitfarms or give up 6.64% of portfolio value over 90 days. Bitfarms is currently generating 0.0665% in daily expected returns and assumes 5.9952% risk (volatility on return distribution) over the 90 days horizon. In different words, 53% of stocks are less volatile than Bitfarms, and 99% 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 = 0.0111
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| Cash | Small Risk | Average Risk | BITF | Huge Risk |
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Estimated Market Risk
| 6.0 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bitfarms is not performing at its full potential. However, 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 Bitfarms 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 | -0.31 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.68) % | ||||
| Operating Margin | (0.88) % | ||||
| Current Valuation | 878.78 M | ||||
| Shares Outstanding | 472.5 M | ||||
| Price To Earning | 10.80 X | ||||
| Price To Book | 1.95 X | ||||
| Price To Sales | 5.47 X | ||||
| Revenue | 146.37 M | ||||
| Gross Profit | 10.52 M | ||||
| EBITDA | (15.86 M) | ||||
| Net Income | (105.94 M) | ||||
| Cash And Equivalents | 45.98 M | ||||
| Cash Per Share | 0.22 X | ||||
| Total Debt | 19.87 M | ||||
| Debt To Equity | 0.37 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 1.14 X | ||||
| Cash Flow From Operations | 24.03 M | ||||
| Earnings Per Share | (0.38) X | ||||
| Market Capitalization | 1 B | ||||
| Total Asset | 376.79 M | ||||
| Retained Earnings | (293.42 M) | ||||
| Working Capital | 60.83 M | ||||
About Bitfarms Performance
By analyzing Bitfarms' fundamental ratios, stakeholders can gain valuable insights into Bitfarms' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitfarms has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bitfarms has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.53 | 1.46 | |
| Return On Tangible Assets | (0.28) | (0.29) | |
| Return On Capital Employed | (0.23) | (0.25) | |
| Return On Assets | (0.28) | (0.29) | |
| Return On Equity | (0.35) | (0.37) |
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 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 investing.com: Bitfarms stock target raised, retains buy rating on upbeat BTC outlook |
- 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.
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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