To make millions from the markets, investors should allocate funds toward high-risk stocks. Blue-chip stocks provide steady returns and capital protection. However, big wealth creation comes from growth stocks. This includes penny stocks with a robust growth outlook and this column discusses three penny stocks with 20-bagger potential.My view on portfolio construction for young investors is as follows. Initially, it makes sense to remain overweight on growth and high-risk penny stocks. As the portfolio swel ...

our professional staff down there as well. Not overly material, I think going forward here. I think what's more important is understand that in the quarter that just ended, we actually had about $2.1 million of compensation associated with achieving goals and targets that were set actually in 2023, most of which is realized actually in the fourth quarter here. So I think what's important here is that we actually showed cash compensation around $5.1 million in the quarter that just ended. To normalize this g ...

Bitfarms Ltd. (BITF) is slated to report its fourth-quarter 2023 results on Mar 7, before the bell.The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters and surpassed twice, delivering a negative earnings surprise of 23.5%, on average.Q4 ExpectationsWe believe that expansion moves at Baie-Comeau and in Paraguay, along with continuous efforts to reduce operating costs, have positively impacted the company’s results ...

- 12 Bitmain T21 miners installed and testing above specifications - - Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 - TORONTO, Ontario and BROSSARD, Québec, March 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ:TSX), a global vertically integrated Bitcoin mining company, provides a February monthly production report as well as an update on its fleet upgrade. Fleet Upgrade Review Geoff Morphy, President and Chief Executive Officer of Bitfarms, said, "As a c ...

Bitfarms Ltd. (BITF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned +35.6% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Technology Services industry, to which Bitfarms Ltd. belongs, has gained 16.4% over this period. Now the key question is: Where could the stock be headed in the near term?Wh ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Bitfarms Ltd. (BITF) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bitfarms Ltd. currently has an averag ...

Several off-the-radar stocks experienced decent gains last week. This came as U.S. indices hit new record highs after Nvidia (NASDAQ:NVDA) posted upbeat earnings. However, following the powerful boasting of stocks, a minor correction can be expected. Nevertheless, that does not explicitly preclude the possibility of further gain in certain off-the-radar stocks. On another positive note, analysts keep pointing to the artificial intelligence (AI) boom showing no signs of slowing down. It may even soon widen i ...

Bitfarms Ltd. (BITF) ended the recent trading session at $3.19, demonstrating a +1.27% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 2.11% for the day. Elsewhere, the Dow saw an upswing of 1.18%, while the tech-heavy Nasdaq appreciated by 2.96%.Heading into today, shares of the company had gained 55.94% over the past month, outpacing the Business Services sector's gain of 5.03% and the S&P 500's gain of 3.08% in that time.The investment communi ...

Blockchain stocks stand on the cusp of a revolutionary leap, leading the digital era forward.Beyond Bitcoin’s (BTC-USD) 94% surge in the last six months, blockchain is reshaping industries with unparalleled transparency and efficiency. With its market value expected to soar from $4.8 billion in 2022 to $2.3 trillion by 2032, blockchain presents a compelling investment opportunity.Moreover, blockchain’s potential to boost the global GDP by more than $2 trillion by 2030 underscores its economic significance. ...

There are some hidden-gem penny stocks for investors to tap into amid the broader indices, such as the S&P 500 and the Nasdaq moving higher. What goes on in the macro environment can sway the companies’ valuations, which could lead to substantial gains for investors.The three hidden-gem penny stocks I’ve outlined in this article are all strong buys, considering their fundamentals and prospects for further capital appreciation for investors. But as always, it’s important to remember that penny stocks are hig ...