BITF vs. BLX, HUT, SII, VBNK, WED, PTS, WFC, ML, HIVE, and GRN
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Boralex (BLX), Hut 8 (HUT), Sprott (SII), VersaBank (VBNK), Westaim (WED), Points.com (PTS), Wall Financial (WFC), Millennial Lithium (ML), HIVE Digital Technologies (HIVE), and Greenlane Renewables Inc. (GRN.V) (GRN). These companies are all part of the "banking" industry.
Bitfarms vs.
Boralex (TSE:BLX) and Bitfarms (TSE:BITF) are both utilities companies, but which is the better business? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, community ranking, media sentiment, profitability, analyst recommendations, risk and valuation.
Boralex received 390 more outperform votes than Bitfarms when rated by MarketBeat users. However, 80.00% of users gave Bitfarms an outperform vote while only 62.74% of users gave Boralex an outperform vote.
In the previous week, Boralex had 2 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for Boralex and 1 mentions for Bitfarms. Boralex's average media sentiment score of 0.34 beat Bitfarms' score of -0.09 indicating that Boralex is being referred to more favorably in the media.
58.3% of Boralex shares are owned by institutional investors. Comparatively, 20.2% of Bitfarms shares are owned by institutional investors. 0.2% of Boralex shares are owned by insiders. Comparatively, 23.4% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Boralex has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
Boralex has a beta of 0.46, indicating that its share price is 54% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.2, indicating that its share price is 220% more volatile than the S&P 500.
Boralex currently has a consensus price target of C$40.50, suggesting a potential upside of 49.12%. Bitfarms has a consensus price target of C$6.50, suggesting a potential upside of 247.59%. Given Bitfarms' higher possible upside, analysts clearly believe Bitfarms is more favorable than Boralex.
Boralex has a net margin of 7.55% compared to Bitfarms' net margin of -69.20%. Boralex's return on equity of 4.29% beat Bitfarms' return on equity.
Summary
Boralex beats Bitfarms on 14 of the 19 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 2/21/2025 by MarketBeat.com Staff
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