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Hut 8 (HUT) Competitors

Hut 8 logo
C$34.14 -1.22 (-3.45%)
(As of 11/20/2024 ET)

HUT vs. KEY, BLX, SII, BITF, HIVE, WED, VBNK, WFC, PTS, and ML

Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Keyera (KEY), Boralex (BLX), Sprott (SII), Bitfarms (BITF), HIVE Digital Technologies (HIVE), Westaim (WED), VersaBank (VBNK), Wall Financial (WFC), Points.com (PTS), and Millennial Lithium (ML). These companies are all part of the "banking" industry.

Hut 8 vs.

Hut 8 (TSE:HUT) and Keyera (TSE:KEY) are both financial services companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, analyst recommendations, community ranking, institutional ownership, profitability and media sentiment.

Keyera received 528 more outperform votes than Hut 8 when rated by MarketBeat users. However, 75.00% of users gave Hut 8 an outperform vote while only 55.79% of users gave Keyera an outperform vote.

CompanyUnderperformOutperform
Hut 8Outperform Votes
12
75.00%
Underperform Votes
4
25.00%
KeyeraOutperform Votes
540
55.79%
Underperform Votes
428
44.21%

Hut 8 has a net margin of 102.21% compared to Keyera's net margin of 4.86%. Keyera's return on equity of 12.02% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8102.21% -122.68% -4.25%
Keyera 4.86%12.02%6.15%

Keyera has a consensus target price of C$42.58, suggesting a potential downside of 8.38%. Given Keyera's higher possible upside, analysts clearly believe Keyera is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
2 Strong Buy rating(s)
4.00
Keyera
0 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.82

57.2% of Hut 8 shares are held by institutional investors. Comparatively, 44.0% of Keyera shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 0.4% of Keyera shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

In the previous week, Keyera had 18 more articles in the media than Hut 8. MarketBeat recorded 28 mentions for Keyera and 10 mentions for Hut 8. Hut 8's average media sentiment score of 0.86 beat Keyera's score of 0.82 indicating that Hut 8 is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
2 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Keyera
8 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hut 8 has a beta of 3.45, meaning that its share price is 245% more volatile than the S&P 500. Comparatively, Keyera has a beta of 2.09, meaning that its share price is 109% more volatile than the S&P 500.

Keyera has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Keyera, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$171.99M18.54C$185.15M-C$1.07-31.91
KeyeraC$7B1.52C$340.40MC$1.4931.19

Summary

Keyera beats Hut 8 on 10 of the 19 factors compared between the two stocks.

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.
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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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HUT vs. The Competition

MetricHut 8Capital Markets IndustryFinancial SectorTSE Exchange
Market CapC$3.19BC$666.99MC$3.34BC$6.19B
Dividend YieldN/A4.91%4.58%5.29%
P/E Ratio-31.91591.15433.6426.48
Price / Sales18.5412,720.543,337.941,483.15
Price / Cash7.8610.6248.7677.33
Price / Book4.703.131.493.27
Net IncomeC$185.15MC$53.56MC$406.10MC$295.30M
7 Day Performance-1.67%-1.48%6.61%0.99%
1 Month Performance70.61%11.60%0.10%-1.46%
1 Year Performance1,155.15%65.48%15.14%42.44%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$34.14
-3.5%
N/A+1,155.1%C$3.19BC$171.99M-31.91219Analyst Revision
Gap Up
KEY
Keyera
2.2107 of 5 stars
C$46.48
+3.0%
C$42.58
-8.4%
+44.0%C$10.65BC$7B31.1917,500Analyst Forecast
Analyst Revision
BLX
Boralex
3.5436 of 5 stars
C$30.02
+0.1%
C$43.38
+44.5%
-2.5%C$3.09BC$959M32.28180Analyst Revision
SII
Sprott
1.474 of 5 stars
C$61.50
+0.8%
C$67.00
+8.9%
+47.6%C$1.56BC$182.34M28.08170Dividend Increase
Ex-Dividend
Positive News
BITF
Bitfarms
2.4697 of 5 stars
C$3.03
-2.6%
C$6.50
+114.5%
+88.2%C$1.37BC$172.70M-6.06110
HIVE
HIVE Digital Technologies
0.4479 of 5 stars
C$5.78
-3.7%
C$9.00
+55.7%
+42.7%C$686.20MC$123.14M-12.0420Gap Up
WED
Westaim
0.2181 of 5 stars
C$4.91
-0.4%
C$4.75
-3.3%
+29.2%C$629.32MC$104.22M7.553,240Analyst Revision
News Coverage
VBNK
VersaBank
0.6605 of 5 stars
C$23.90
-0.5%
C$12.00
-49.8%
+127.6%C$620.44MC$113.82M13.58100High Trading Volume
WFC
Wall Financial
N/AC$18.50
-0.5%
N/A-4.2%C$594.78MC$186.46M24.03238,000News Coverage
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down

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This page (TSE:HUT) was last updated on 11/21/2024 by MarketBeat.com Staff
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