HUT vs. CLSK, QFIN, WD, RIOT, UPST, IREN, CORZ, CIFR, PWP, and WULF
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include CleanSpark (CLSK), Qifu Technology (QFIN), Walker & Dunlop (WD), Riot Platforms (RIOT), Upstart (UPST), Iris Energy (IREN), Core Scientific (CORZ), Cipher Mining (CIFR), Perella Weinberg Partners (PWP), and TeraWulf (WULF). These companies are all part of the "nondepository credit institutions" industry.
Hut 8 (NASDAQ:HUT) and CleanSpark (NASDAQ:CLSK) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their media sentiment, community ranking, risk, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings.
CleanSpark received 98 more outperform votes than Hut 8 when rated by MarketBeat users. Likewise, 73.65% of users gave CleanSpark an outperform vote while only 59.52% of users gave Hut 8 an outperform vote.
CleanSpark has a net margin of 22.41% compared to Hut 8's net margin of -184.31%. CleanSpark's return on equity of -6.30% beat Hut 8's return on equity.
Hut 8 has a beta of 3.94, indicating that its share price is 294% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.24, indicating that its share price is 324% more volatile than the S&P 500.
Hut 8 presently has a consensus target price of $12.58, indicating a potential upside of 5.04%. CleanSpark has a consensus target price of $19.97, indicating a potential upside of 3.78%. Given Hut 8's higher probable upside, analysts clearly believe Hut 8 is more favorable than CleanSpark.
CleanSpark has higher revenue and earnings than Hut 8.
In the previous week, CleanSpark had 5 more articles in the media than Hut 8. MarketBeat recorded 15 mentions for CleanSpark and 10 mentions for Hut 8. CleanSpark's average media sentiment score of 0.76 beat Hut 8's score of 0.71 indicating that CleanSpark is being referred to more favorably in the news media.
31.8% of Hut 8 shares are held by institutional investors. Comparatively, 43.1% of CleanSpark shares are held by institutional investors. 12.0% of Hut 8 shares are held by company insiders. Comparatively, 3.5% of CleanSpark shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Summary
CleanSpark beats Hut 8 on 14 of the 17 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 NASDAQ 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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