Bitfarms Ltd. underperformed market, stock on slight increase

From Nasdaq: 2025-03-14 18:15:07

In the latest trading session, Bitfarms Ltd. (BITF) closed at $1.11, a +1.83% increase. The stock underperformed the S&P 500, which saw a 2.13% gain, while the Dow rose by 1.65% and the Nasdaq by 2.61%. Over the past month, BITF has dropped by 22.14%, trailing the Business Services sector and the S&P 500.

Bitfarms Ltd. is expected to report an EPS of -$0.04, a 33.33% increase from the previous year. Revenue estimates predict $53.82 million, a 16.4% rise from the same quarter last year. Positive estimate revisions indicate optimism about the company’s outlook, impacting near-term stock movements.

The Zacks Rank system, with a rating range from #1 (Strong Buy) to #5 (Strong Sell), has a track record of success. The Technology Services industry, where BITF belongs, has a Zacks Industry Rank of 67, placing it in the top 27% of all industries. Use Zacks.com to track these metrics.

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Read more at Nasdaq: Bitfarms Ltd. (BITF) Increases Yet Falls Behind Market: What Investors Need to Know