HUT vs. QFIN, WD, RIOT, LU, UPST, PWP, CIFR, SII, IREN, and ML
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 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 Hut 8 (NASDAQ:HUT) are both business services companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, dividends, earnings, community ranking, media sentiment, valuation, risk, analyst recommendations and institutional ownership.
Qifu Technology has a beta of 0.57, suggesting that its stock price is 43% less volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.98, suggesting that its stock price is 298% more volatile than the S&P 500.
Qifu Technology has a net margin of 26.80% compared to Qifu Technology's net margin of -184.31%. Hut 8's return on equity of 20.96% beat Qifu Technology's return on equity.
Qifu Technology received 79 more outperform votes than Hut 8 when rated by MarketBeat users. Likewise, 60.71% of users gave Qifu Technology an outperform vote while only 57.50% of users gave Hut 8 an outperform vote.
Qifu Technology currently has a consensus price target of $24.73, indicating a potential upside of 28.02%. Hut 8 has a consensus price target of $12.25, indicating a potential upside of 40.97%. Given Qifu Technology's higher probable upside, analysts clearly believe Hut 8 is more favorable than Qifu Technology.
In the previous week, Qifu Technology had 4 more articles in the media than Hut 8. MarketBeat recorded 8 mentions for Qifu Technology and 4 mentions for Hut 8. Hut 8's average media sentiment score of 0.97 beat Qifu Technology's score of 0.59 indicating that Qifu Technology is being referred to more favorably in the media.
Qifu Technology has higher revenue and earnings than Hut 8.
74.8% of Qifu Technology shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 17.1% of Qifu Technology shares are owned by insiders. Comparatively, 12.0% of Hut 8 shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Summary
Qifu Technology beats Hut 8 on 12 of the 16 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 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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