BITF vs. CF, HUT, GLXY, CGI, SEC, CVG, DFN, TF, MKP, and LB
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Canaccord Genuity Group (CF), Hut 8 (HUT), Galaxy Digital (GLXY), Canadian General Investments (CGI), Senvest Capital (SEC), Clairvest Group (CVG), Dividend 15 Split (DFN), Timbercreek Financial (TF), MCAN Mortgage (MKP), and Laurentian Bank of Canada (LB). These companies are all part of the "financial services" sector.
Bitfarms (TSE:BITF) and Canaccord Genuity Group (TSE:CF) are both small-cap financial services companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, risk, community ranking, media sentiment, valuation, institutional ownership, profitability, analyst recommendations and dividends.
Bitfarms has a beta of 3.29, suggesting that its stock price is 229% more volatile than the S&P 500. Comparatively, Canaccord Genuity Group has a beta of 1.65, suggesting that its stock price is 65% more volatile than the S&P 500.
Bitfarms presently has a consensus target price of C$6.50, indicating a potential upside of 195.45%. Canaccord Genuity Group has a consensus target price of C$10.38, indicating a potential upside of 18.40%. Given Bitfarms' higher possible upside, analysts clearly believe Bitfarms is more favorable than Canaccord Genuity Group.
Canaccord Genuity Group has higher revenue and earnings than Bitfarms. Canaccord Genuity Group is trading at a lower price-to-earnings ratio than Bitfarms, indicating that it is currently the more affordable of the two stocks.
20.2% of Bitfarms shares are owned by institutional investors. Comparatively, 11.2% of Canaccord Genuity Group shares are owned by institutional investors. 4.4% of Bitfarms shares are owned by insiders. Comparatively, 8.7% of Canaccord Genuity Group shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Canaccord Genuity Group received 334 more outperform votes than Bitfarms when rated by MarketBeat users. However, 100.00% of users gave Bitfarms an outperform vote while only 54.01% of users gave Canaccord Genuity Group an outperform vote.
In the previous week, Bitfarms had 5 more articles in the media than Canaccord Genuity Group. MarketBeat recorded 6 mentions for Bitfarms and 1 mentions for Canaccord Genuity Group. Canaccord Genuity Group's average media sentiment score of 0.59 beat Bitfarms' score of -0.08 indicating that Canaccord Genuity Group is being referred to more favorably in the news media.
Canaccord Genuity Group has a net margin of -0.98% compared to Bitfarms' net margin of -71.08%. Canaccord Genuity Group's return on equity of 1.90% beat Bitfarms' return on equity.
Summary
Canaccord Genuity Group beats Bitfarms on 12 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BITF and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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