BITF vs. WED, HUT, BLX, SII, WFC, VBNK, HIVE, PTS, ML, and GRN
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Westaim (WED), Hut 8 (HUT), Boralex (BLX), Sprott (SII), Wall Financial (WFC), VersaBank (VBNK), HIVE Digital Technologies (HIVE), Points.com (PTS), Millennial Lithium (ML), and Greenlane Renewables Inc. (GRN.V) (GRN). These companies are all part of the "banking" industry.
Bitfarms vs.
Westaim (CVE:WED) and Bitfarms (TSE:BITF) are both financial services companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, dividends, media sentiment, earnings, community ranking, analyst recommendations, profitability and risk.
Westaim has a net margin of 61.76% compared to Bitfarms' net margin of -61.52%. Westaim's return on equity of 13.13% beat Bitfarms' return on equity.
In the previous week, Bitfarms had 7 more articles in the media than Westaim. MarketBeat recorded 7 mentions for Bitfarms and 0 mentions for Westaim. Bitfarms' average media sentiment score of 0.64 beat Westaim's score of 0.00 indicating that Bitfarms is being referred to more favorably in the news media.
Westaim presently has a consensus target price of C$7.75, indicating a potential downside of 73.71%. Bitfarms has a consensus target price of C$6.50, indicating a potential upside of 161.04%. Given Bitfarms' stronger consensus rating and higher probable upside, analysts plainly believe Bitfarms is more favorable than Westaim.
Westaim received 102 more outperform votes than Bitfarms when rated by MarketBeat users. However, 80.00% of users gave Bitfarms an outperform vote while only 69.28% of users gave Westaim an outperform vote.
Westaim has a beta of 0.39, suggesting that its stock price is 61% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.2, suggesting that its stock price is 220% more volatile than the S&P 500.
12.1% of Westaim shares are owned by institutional investors. Comparatively, 20.2% of Bitfarms shares are owned by institutional investors. 9.3% of Westaim shares are owned by insiders. Comparatively, 23.4% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Westaim has higher earnings, but lower revenue than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Westaim, indicating that it is currently the more affordable of the two stocks.
Summary
Bitfarms beats Westaim on 10 of the 18 factors compared between the two stocks.
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New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Media Sentiment Over Time
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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This page (TSE:BITF) was last updated on 1/21/2025 by MarketBeat.com Staff
