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 business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, risk, dividends, media sentiment, valuation, profitability and community ranking.
20.2% of Bitfarms shares are held by institutional investors. Comparatively, 11.2% of Canaccord Genuity Group shares are held by institutional investors. 4.4% of Bitfarms shares are held by insiders. Comparatively, 8.7% of Canaccord Genuity Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Bitfarms has a beta of 3.29, indicating that its share price is 229% 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.
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 7 more articles in the media than Canaccord Genuity Group. MarketBeat recorded 8 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 -0.04 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.
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.
Bitfarms currently has a consensus target price of C$6.50, indicating a potential upside of 167.49%. Canaccord Genuity Group has a consensus target price of C$10.38, indicating a potential upside of 14.86%. Given Bitfarms' higher probable upside, equities research analysts plainly believe Bitfarms is more favorable than Canaccord Genuity Group.
Summary
Canaccord Genuity Group beats Bitfarms on 12 of the 19 factors compared between the two stocks.
Get Bitfarms News Delivered to You Automatically
Sign up to receive the latest news and ratings for BITF and its competitors with MarketBeat's FREE daily newsletter.
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.
Bitfarms Competitors List
Related Companies and Tools
