HUT vs. CF, BITF, GLXY, CVG, LB, CGI, SEC, UNC, DFN, and TF
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), Dividend 15 Split (DFN), and Timbercreek Financial (TF). These companies are all part of the "financial services" sector.
Canaccord Genuity Group (TSE:CF) and Hut 8 (TSE:HUT) are both small-cap financial services companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends, risk, media sentiment and community ranking.
11.2% of Canaccord Genuity Group shares are held by institutional investors. Comparatively, 11.2% of Hut 8 shares are held by institutional investors. 8.7% of Canaccord Genuity Group shares are held by insiders. Comparatively, 57.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
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.
Canaccord Genuity Group has a beta of 1.65, suggesting that its stock price is 65% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.45, suggesting that its stock price is 245% more volatile than the S&P 500.
Hut 8 has a net margin of 10.24% compared to Hut 8's net margin of -0.98%. Hut 8's return on equity of 1.90% beat Canaccord Genuity Group's return on equity.
In the previous week, Canaccord Genuity Group and Canaccord Genuity Group both had 1 articles in the media. Hut 8's average media sentiment score of 0.59 beat Canaccord Genuity Group's score of -1.18 indicating that Canaccord Genuity Group is being referred to more favorably in the media.
Hut 8 has lower revenue, but higher earnings 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.
Canaccord Genuity Group currently has a consensus price target of C$10.38, indicating a potential upside of 14.86%. Given Hut 8's stronger consensus rating and higher possible upside, analysts clearly believe Canaccord Genuity Group is more favorable than Hut 8.
Summary
Canaccord Genuity Group beats Hut 8 on 11 of the 18 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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