Geoffrey Morphy - Bitfarms CEO President
| BITF Stock | USD 1.61 0.02 1.26% |
CEO
Geoffrey Morphy is CEO President of Bitfarms
| Phone | (647) 259-1790 |
| Web | https://www.bitfarms.com |
Bitfarms Management Efficiency
The company has return on total asset (ROA) of (0.1053) % which means that it has lost $0.1053 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3782) %, meaning that it created substantial loss on money invested by shareholders. Bitfarms' management efficiency ratios could be used to measure how well Bitfarms manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 2 records | CEO Age | ||
| Zachary Bradford | CleanSpark | 38 | |
| Aydin Kilic | HIVE Blockchain Technologies | N/A | |
Management Performance
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.11 |
Bitfarms Leadership Team
Elected by the shareholders, the Bitfarms' board of directors comprises two types of representatives: Bitfarms inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitfarms. The board's role is to monitor Bitfarms' management team and ensure that shareholders' interests are well served. Bitfarms' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitfarms' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephanie Wargo, Vice Communications | ||
| Philippe Fortier, Senior Development | ||
| Nicolas Bonta, Founder Chairman | ||
| Tracy Krumme, Senior Relations | ||
| Andrea Souza, VicePresident Resources | ||
| Jeffrey Lucas, Chief Officer | ||
| MarcAndre Ammann, Vice Accounting | ||
| Geoffrey Morphy, CEO President | ||
| Benoit Gobeil, Senior Infrastructure | ||
| Emiliano Grodzki, Founder Director | ||
| Benjamin Gagnon, Chief Officer | ||
| Paul Magrath, Vice Sustainability | ||
| Sonia Tercas, Director Relations |
Bitfarms Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Bitfarms a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (0.71) % | ||||
| Operating Margin | (0.19) % | ||||
| Current Valuation | 522.78 M | ||||
| Shares Outstanding | 334.15 M | ||||
| Shares Owned By Insiders | 4.42 % | ||||
| Shares Owned By Institutions | 20.55 % | ||||
| Number Of Shares Shorted | 23.8 M | ||||
| Price To Earning | 10.80 X |
Pair Trading with Bitfarms
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.Moving against Bitfarms Stock
| 0.76 | ISRL | Israel Acquisitions Corp | PairCorr |
| 0.72 | DB | Deutsche Bank AG | PairCorr |
| 0.68 | HHGCU | HHG Capital Corp | PairCorr |
| 0.62 | C | Citigroup Aggressive Push | PairCorr |
| 0.57 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.
The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.
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.