BITF vs. GLXY, HUT, CF, HIVE, CXI, XAU, DMGI, PNP, NDA, and SWH
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Galaxy Digital (GLXY), Hut 8 (HUT), Canaccord Genuity Group (CF), HIVE Digital Technologies (HIVE), Currency Exchange International (CXI), Goldmoney (XAU), DMG Blockchain Solutions (DMGI), Pinetree Capital (PNP), Neptune Digital Assets (NDA), and Sunwah International (SWH). These companies are all part of the "capital markets" industry.
Bitfarms (TSE:BITF) and Galaxy Digital (TSE:GLXY) are both small-cap financial services companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, community ranking, analyst recommendations, media sentiment, risk, profitability, earnings, valuation and dividends.
Galaxy Digital has lower revenue, but higher earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Galaxy Digital, indicating that it is currently the more affordable of the two stocks.
Bitfarms has a beta of 3.33, suggesting that its stock price is 233% more volatile than the S&P 500. Comparatively, Galaxy Digital has a beta of 3.21, suggesting that its stock price is 221% more volatile than the S&P 500.
Bitfarms currently has a consensus price target of C$6.50, suggesting a potential upside of 111.04%. Galaxy Digital has a consensus price target of C$20.00, suggesting a potential upside of 43.78%. Given Bitfarms' higher probable upside, equities research analysts clearly believe Bitfarms is more favorable than Galaxy Digital.
Galaxy Digital received 4 more outperform votes than Bitfarms when rated by MarketBeat users.
Galaxy Digital has a net margin of 0.00% compared to Bitfarms' net margin of -71.08%. Galaxy Digital's return on equity of 73.12% beat Bitfarms' return on equity.
22.9% of Bitfarms shares are held by institutional investors. Comparatively, 13.3% of Galaxy Digital shares are held by institutional investors. 4.4% of Bitfarms shares are held by company insiders. Comparatively, 2.0% of Galaxy Digital shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
In the previous week, Galaxy Digital had 1 more articles in the media than Bitfarms. MarketBeat recorded 6 mentions for Galaxy Digital and 5 mentions for Bitfarms. Galaxy Digital's average media sentiment score of -0.16 beat Bitfarms' score of -0.24 indicating that Galaxy Digital is being referred to more favorably in the news media.
Summary
Galaxy Digital beats Bitfarms on 9 of the 14 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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