Hut 8 (HUT) Competitors

Hut 8 (TSE:HUT) and Boralex (TSE:BLX) are both financial services companies, but which is the superior business? We will compare the two companies based on the strength of their community ranking, dividends, earnings, risk, profitability, media sentiment, analyst recommendations, institutional ownership and valuation.

Does the MarketBeat Community favor HUT or BLX?

Boralex received 376 more outperform votes than Hut 8 when rated by MarketBeat users. However, 78.26% of users gave Hut 8 an outperform vote while only 62.54% of users gave Boralex an outperform vote.

Company	Underperform	Outperform
Hut 8	Outperform Votes 18 78.26%	Underperform Votes 5 21.74%
Boralex	Outperform Votes 394 62.54%	Underperform Votes 236 37.46%

Is HUT or BLX more profitable?

Hut 8 has a net margin of 135.55% compared to Boralex's net margin of 7.55%. Hut 8's return on equity of 40.91% beat Boralex's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Hut 8	135.55%	40.91%	-4.25%
Boralex	7.55%	4.29%	2.54%

Do analysts rate HUT or BLX?

Boralex has a consensus price target of C$40.25, suggesting a potential upside of 32.71%. Given Boralex's higher probable upside, analysts plainly believe Boralex is more favorable than Hut 8.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Hut 8	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	7 Strong Buy rating(s)	4.00
Boralex	0 Sell rating(s)	1 Hold rating(s)	2 Buy rating(s)	2 Strong Buy rating(s)	3.20

Does the media refer more to HUT or BLX?

In the previous week, Boralex had 15 more articles in the media than Hut 8. MarketBeat recorded 23 mentions for Boralex and 8 mentions for Hut 8. Hut 8's average media sentiment score of 1.09 beat Boralex's score of 0.55 indicating that Hut 8 is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Hut 8	1 Very Positive mention(s)	0 Positive mention(s)	3 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Boralex	3 Very Positive mention(s)	0 Positive mention(s)	6 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Positive

Which has more risk and volatility, HUT or BLX?

Hut 8 has a beta of 3.45, indicating that its stock price is 245% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, indicating that its stock price is 54% less volatile than the S&P 500.

Do insiders & institutionals believe in HUT or BLX?

57.2% of Hut 8 shares are owned by institutional investors. Comparatively, 58.3% of Boralex shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 0.2% of Boralex shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Which has preferable valuation and earnings, HUT or BLX?

Hut 8 has higher earnings, but lower revenue than Boralex. Hut 8 is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	C$142.55M	11.12	C$193.22M	C$4.09	5.83
Boralex	C$952.11M	3.32	C$71.91M	C$0.68	44.47

Summary

Hut 8 beats Boralex on 11 of the 19 factors compared between the two stocks.