BITF vs. CF, HUT, GLXY, CGI, SEC, TF, DFN, MKP, CVG, and AI
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), Timbercreek Financial (TF), Dividend 15 Split (DFN), MCAN Mortgage (MKP), Clairvest Group (CVG), and Atrium Mortgage Investment (AI). 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 superior stock? We will compare the two companies based on the strength of their profitability, media sentiment, risk, valuation, dividends, community ranking, analyst recommendations, earnings and institutional ownership.
21.1% of Bitfarms shares are held by institutional investors. Comparatively, 11.2% of Canaccord Genuity Group shares are held by institutional investors. 4.7% of Bitfarms shares are held by insiders. Comparatively, 8.8% of Canaccord Genuity Group shares are held 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 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 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.
Bitfarms presently has a consensus price target of C$6.50, suggesting a potential upside of 142.54%. Canaccord Genuity Group has a consensus price target of C$10.29, suggesting a potential upside of 17.57%. Given Bitfarms' higher probable upside, research analysts plainly believe Bitfarms is more favorable than Canaccord Genuity Group.
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 has a beta of 3.4, meaning that its share price is 240% more volatile than the S&P 500. Comparatively, Canaccord Genuity Group has a beta of 1.62, meaning that its share price is 62% more volatile than the S&P 500.
In the previous week, Bitfarms and Bitfarms both had 2 articles in the media. Bitfarms' average media sentiment score of 0.67 beat Canaccord Genuity Group's score of 0.07 indicating that Bitfarms is being referred to more favorably in the media.
Summary
Canaccord Genuity Group beats Bitfarms on 10 of the 17 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
