BITF vs. QFIN, WD, RIOT, LU, UPST, PWP, CIFR, SII, IREN, and ML
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Qifu Technology (QFIN), Walker & Dunlop (WD), Riot Platforms (RIOT), Lufax (LU), Upstart (UPST), Perella Weinberg Partners (PWP), Cipher Mining (CIFR), Sprott (SII), Iris Energy (IREN), and MoneyLion (ML). These companies are all part of the "nondepository credit institutions" industry.
Qifu Technology (NASDAQ:QFIN) and Bitfarms (NASDAQ:BITF) are both business services companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, institutional ownership, risk, community ranking, dividends, media sentiment, valuation and earnings.
Qifu Technology has a beta of 0.57, indicating that its share price is 43% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.65, indicating that its share price is 265% more volatile than the S&P 500.
Qifu Technology currently has a consensus target price of $24.73, indicating a potential upside of 28.02%. Bitfarms has a consensus target price of $3.72, indicating a potential upside of 65.92%. Given Qifu Technology's higher probable upside, analysts clearly believe Bitfarms is more favorable than Qifu Technology.
Qifu Technology has a net margin of 26.80% compared to Qifu Technology's net margin of -64.06%. Bitfarms' return on equity of 20.96% beat Qifu Technology's return on equity.
74.8% of Qifu Technology shares are held by institutional investors. Comparatively, 20.6% of Bitfarms shares are held by institutional investors. 17.1% of Qifu Technology shares are held by insiders. Comparatively, 9.5% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Qifu Technology has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Qifu Technology, indicating that it is currently the more affordable of the two stocks.
In the previous week, Bitfarms had 13 more articles in the media than Qifu Technology. MarketBeat recorded 20 mentions for Bitfarms and 7 mentions for Qifu Technology. Bitfarms' average media sentiment score of 0.97 beat Qifu Technology's score of 0.39 indicating that Qifu Technology is being referred to more favorably in the media.
Qifu Technology received 77 more outperform votes than Bitfarms when rated by MarketBeat users. However, 73.53% of users gave Bitfarms an outperform vote while only 60.71% of users gave Qifu Technology an outperform vote.
Summary
Qifu Technology beats Bitfarms on 12 of the 18 factors compared between the two stocks.
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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 NASDAQ 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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