HUT vs. CF, BITF, GLXY, CVG, LB, CGI, SEC, UNC, TF, and DFN
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Canaccord Genuity Group (CF), Bitfarms (BITF), Galaxy Digital (GLXY), Clairvest Group (CVG), Laurentian Bank of Canada (LB), Canadian General Investments (CGI), Senvest Capital (SEC), United Co.s (UNC), Timbercreek Financial (TF), and Dividend 15 Split (DFN). These companies are all part of the "financial services" sector.
Hut 8 (TSE:HUT) and Canaccord Genuity Group (TSE:CF) are both small-cap financial services companies, but which is the better business? We will compare the two businesses based on the strength of their community ranking, analyst recommendations, valuation, profitability, media sentiment, risk, dividends, earnings and institutional ownership.
Hut 8 has higher earnings, but lower revenue than Canaccord Genuity Group. Canaccord Genuity Group is trading at a lower price-to-earnings ratio than Hut 8, indicating that it is currently the more affordable of the two stocks.
Hut 8 has a beta of 3.45, indicating that its share price is 245% more volatile than the S&P 500. Comparatively, Canaccord Genuity Group has a beta of 1.65, indicating that its share price is 65% more volatile than the S&P 500.
Hut 8 has a net margin of 10.24% compared to Canaccord Genuity Group's net margin of -0.98%. Canaccord Genuity Group's return on equity of 1.90% beat Hut 8's return on equity.
Canaccord Genuity Group has a consensus price target of C$10.38, suggesting a potential upside of 19.07%. Given Canaccord Genuity Group's stronger consensus rating and higher possible upside, analysts plainly believe Canaccord Genuity Group is more favorable than Hut 8.
In the previous week, Hut 8 had 3 more articles in the media than Canaccord Genuity Group. MarketBeat recorded 3 mentions for Hut 8 and 0 mentions for Canaccord Genuity Group. Canaccord Genuity Group's average media sentiment score of 0.59 beat Hut 8's score of 0.48 indicating that Canaccord Genuity Group is being referred to more favorably in the news media.
11.2% of Hut 8 shares are owned by institutional investors. Comparatively, 11.2% of Canaccord Genuity Group shares are owned by institutional investors. 57.2% of Hut 8 shares are owned by insiders. Comparatively, 8.7% of Canaccord Genuity Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Canaccord Genuity Group received 327 more outperform votes than Hut 8 when rated by MarketBeat users. However, 71.43% of users gave Hut 8 an outperform vote while only 54.01% of users gave Canaccord Genuity Group an outperform vote.
Summary
Canaccord Genuity Group beats Hut 8 on 11 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding HUT 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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