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Hut 8 (HUT) Competitors

Hut 8 logo
C$34.00 -0.21 (-0.61%)
(As of 12/20/2024 05:17 PM ET)

HUT vs. KEY, BLX, SII, BITF, HIVE, WED, WFC, VBNK, 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), Wall Financial (WFC), VersaBank (VBNK), Points.com (PTS), and Millennial Lithium (ML). These companies are all part of the "banking" industry.

Hut 8 vs.

Keyera (TSE:KEY) and Hut 8 (TSE:HUT) are both mid-cap energy companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, media sentiment, profitability, community ranking, dividends, analyst recommendations, institutional ownership, earnings and risk.

Keyera currently has a consensus target price of C$43.62, suggesting a potential upside of 1.88%. Given Keyera's higher possible upside, equities analysts clearly believe Keyera is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Keyera
0 Sell rating(s)
4 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.77
Hut 8
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
3 Strong Buy rating(s)
4.00

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
KeyeraC$7B1.40C$340.40MC$1.4928.73
Hut 8C$171.99M18.46C$185.15M-C$1.07-31.78

In the previous week, Keyera had 4 more articles in the media than Hut 8. MarketBeat recorded 7 mentions for Keyera and 3 mentions for Hut 8. Keyera's average media sentiment score of 0.23 beat Hut 8's score of -0.18 indicating that Keyera is being referred to more favorably in the media.

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

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
Keyera4.86% 12.02% 6.15%
Hut 8 102.21%-122.68%-4.25%

Keyera received 530 more outperform votes than Hut 8 when rated by MarketBeat users. However, 76.47% of users gave Hut 8 an outperform vote while only 55.86% of users gave Keyera an outperform vote.

CompanyUnderperformOutperform
KeyeraOutperform Votes
543
55.86%
Underperform Votes
429
44.14%
Hut 8Outperform Votes
13
76.47%
Underperform Votes
4
23.53%

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

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

Summary

Keyera beats Hut 8 on 11 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.
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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$3.18BC$665.25MC$3.58BC$6.05B
Dividend YieldN/A5.22%4.47%5.43%
P/E Ratio-31.78227.86423.7126.16
Price / Sales18.469,120.442,182.131,327.99
Price / Cash7.8611.1250.8882.04
Price / Book4.682.821.503.07
Net IncomeC$185.15MC$55.14MC$350.59MC$294.08M
7 Day Performance-12.64%-3.10%-1.57%-2.47%
1 Month Performance3.66%-3.57%0.72%-0.78%
1 Year Performance95.51%19.95%9.93%34.57%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$34.00
-0.6%
N/A+109.1%C$3.18BC$171.99M-31.78219Gap Up
KEY
Keyera
2.2586 of 5 stars
C$43.43
+0.0%
C$43.62
+0.4%
+35.6%C$9.95BC$7B29.1417,500Dividend Announcement
BLX
Boralex
2.855 of 5 stars
C$29.33
+1.2%
C$43.38
+47.9%
-10.8%C$3.01BC$959M31.17180
SII
Sprott
0.8764 of 5 stars
C$62.60
+0.5%
C$67.00
+7.0%
+39.2%C$1.59BC$182.34M28.45170News Coverage
BITF
Bitfarms
1.7162 of 5 stars
C$3.01
+9.1%
C$6.50
+115.9%
-33.6%C$1.36BC$172.70M-5.92110Gap Up
HIVE
HIVE Digital Technologies
0.2749 of 5 stars
C$5.68
+4.0%
C$9.00
+58.5%
-20.3%C$674.33MC$123.14M-11.7920Gap Up
High Trading Volume
WED
Westaim
1.7149 of 5 stars
C$5.10
-0.6%
C$7.75
+52.0%
+34.4%C$653.67MC$104.22M7.893,240News Coverage
Positive News
WFC
Wall Financial
N/AC$18.20
-1.6%
N/A-13.2%C$585.13MC$186.46M24.03238,000Gap Down
VBNK
VersaBank
0.6668 of 5 stars
C$21.30
-2.7%
C$20.00
-6.1%
+40.1%C$552.95MC$113.82M12.43100Gap Down
High Trading Volume
PTS
Points.com
N/AC$32.16
0.0%
N/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 12/21/2024 by MarketBeat.com Staff
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