How to Buy Bitfarms Stock
Bitfarms Ltd
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America.
Bitfarms stock last closed at $0.84, down 0.12% from the previous day, and has decreased 59.27% in one year. It has underperformed other stocks in the Capital Markets industry by 0.71 percentage points. Bitfarms stock is currently +24.07% from its 52-week low of $0.67, and -74.54% from its 52-week high of $3.28.
At the moment, there are 479.33M shares of BITF outstanding. The market value of BITF is $400.24M. In the past 24 hours, 8.46M BITF shares were traded.
How to Buy Bitfarms Stock
Not sure how to invest in Bitfarms stock? Here's how.
- Choose where to buy Bitfarms stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Bitfarms stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Bitfarms stock: The Bitfarms ticker symbol is BITF. Is Bitfarms stock a good investment? Should you buy shares of BITF? How do BITF's underlying business fundamentals look? Do top analysts think Bitfarms is a good buy? Why has BITF's stock price moved recently? (Hint: Our stock research tools can help you evaluate if BITF is a good stock to buy).
- Execute your BITF purchase: Decide if you will purchase BITF shares at the current market price or use a limit order to purchase BITF stock at a specific price.
- Get notifications regarding your BITF investment: Create a watchlist to track your position in Bitfarms stock.
Step 1: Choose where to buy Bitfarms stock
You will need an online brokerage account in order to access the NASDAQ market and buy BITF shares.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global markets: From Technology to Utilities, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you can buy BITF today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on a mobile trading app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details transferring money into your new investment account.
Step 4: Analyze Bitfarms stock
After you have decided on the best place to buy Bitfarms stock, it's important to evaluate their stock prior to investing, so you can understand the risk and upside.
Bitfarms stock data
Bitfarms Fundamentals
WallStreetZen was built to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on BITF's stock page.
Is BITF stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BITF's intrinsic value.
Using relative valuations metrics:
- BITF could be undervalued based on its P/B ratio of 0.66x, relative to Capital Markets industry P/B ratio of 1.92x
You can do more valuation research on BITF's stock here.
BITF Financial Health
Signs that BITF is financially healthy:
- Total BITF debt is lower than 5 years ago, relative to shareholder equity.
- BITF has a low debt to equity ratio of 0.1.
- There are more short-term assets than long-term liabilities on the BITF balance sheet.
- There are more short-term assets than short-term liabilities on the BITF balance sheet.
Signs that BITF is not financially healthy:
- BITF has $183.08M in cash and short term investments. This is not sufficient to cover its annual cash burn of $474.96M.
- BITF profit margin has gone up by 0.46 percentage points in the past year, but the company is still unprofitable.
- BITF has cash burn of 474956000. It does not have sufficient cash and short-term investments to cover this.
Is BITF stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who monitor BITF, the consensus analyst rating on BITF is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Bitfarms stock forecast page.
BITF Technicals
BITF Performance Numbers
Last year, BITF revenue was $192.88M. In the past 5 year, BITF's revenue has grown by 42.85% per year. This was faster than the Capital Markets industry average of 18.58%.
Dig into BITF's earnings and revenue performance here.
Latest Insiders Trades at BITF
In the past 12 months, executives and large shareholders at BITF have not bought or sold any shares.
Learn more about who owns BITF shares here.
Does BITF stock generate passive income?
No, Bitfarms doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your BITF purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your BITF investment
Now that you own some shares in BITF, you'll want to stay up-to-date on your new shares.
Put BITF on a watchlist to get alerted to the latest events about your BITF stock.
BITF Feed
How to Buy Stock in Bitfarms
To summarize, here are the 6 steps for buying Bitfarms stock:
- Choose where to buy Bitfarms stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze Bitfarms stock
- Execute your BITF purchase
- Get notifications regarding your BITF investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Bitfarms, add BITF to your watchlist by clicking the button below.
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