HUT vs. GLXY, BITF, CF, LB, CVG, UNC, SII, CGI, SEC, and TF
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Galaxy Digital (GLXY), Bitfarms (BITF), Canaccord Genuity Group (CF), Laurentian Bank of Canada (LB), Clairvest Group (CVG), United Co.s (UNC), Sprott (SII), Canadian General Investments (CGI), Senvest Capital (SEC), and Timbercreek Financial (TF). These companies are all part of the "financial services" sector.
Galaxy Digital (TSE:GLXY) and Hut 8 (TSE:HUT) are both small-cap financial services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their earnings, dividends, institutional ownership, media sentiment, risk, profitability, analyst recommendations, valuation and community ranking.
17.2% of Galaxy Digital shares are held by institutional investors. Comparatively, 11.2% of Hut 8 shares are held by institutional investors. 4.2% of Galaxy Digital shares are held by company insiders. Comparatively, 57.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Hut 8 has a net margin of 10.24% compared to Hut 8's net margin of 0.00%. Hut 8's return on equity of -25.08% beat Galaxy Digital's return on equity.
Galaxy Digital currently has a consensus price target of C$17.00, indicating a potential upside of 28.50%. Given Hut 8's stronger consensus rating and higher possible upside, analysts clearly believe Galaxy Digital is more favorable than Hut 8.
Hut 8 received 4 more outperform votes than Galaxy Digital when rated by MarketBeat users. However, 100.00% of users gave Galaxy Digital an outperform vote while only 71.43% of users gave Hut 8 an outperform vote.
Galaxy Digital has a beta of 3.18, suggesting that its share price is 218% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.45, suggesting that its share price is 245% more volatile than the S&P 500.
Hut 8 has higher revenue and earnings than Galaxy Digital. Hut 8 is trading at a lower price-to-earnings ratio than Galaxy Digital, indicating that it is currently the more affordable of the two stocks.
In the previous week, Galaxy Digital had 2 more articles in the media than Hut 8. MarketBeat recorded 5 mentions for Galaxy Digital and 3 mentions for Hut 8. Hut 8's average media sentiment score of 0.12 beat Galaxy Digital's score of -0.49 indicating that Galaxy Digital is being referred to more favorably in the media.
Summary
Galaxy Digital beats Hut 8 on 10 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 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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