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Hut 8 (HUT) Competitors

Hut 8 logo
C$34.72 +1.45 (+4.36%)
(As of 11/13/2024 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.

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

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

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 56.02% of users gave Keyera an outperform vote.

CompanyUnderperformOutperform
Hut 8Outperform Votes
12
75.00%
Underperform Votes
4
25.00%
KeyeraOutperform Votes
540
56.02%
Underperform Votes
424
43.98%

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$171.99M18.72C$185.15M-C$1.07-32.22
KeyeraC$7B1.46C$340.40MC$1.4929.94

Keyera has a consensus price target of C$41.50, indicating a potential downside of 6.97%. 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

In the previous week, Hut 8 had 3 more articles in the media than Keyera. MarketBeat recorded 6 mentions for Hut 8 and 3 mentions for Keyera. Hut 8's average media sentiment score of 0.66 beat Keyera's score of 0.34 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
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Keyera
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

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%

Summary

Hut 8 beats Keyera 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$3.22BC$642.09MC$3.23BC$5.85B
Dividend YieldN/A4.93%4.60%5.32%
P/E Ratio-32.22576.30440.0926.27
Price / Sales18.7212,743.433,434.711,219.84
Price / Cash7.8610.3648.5279.57
Price / Book4.752.941.483.10
Net IncomeC$185.15MC$52.14MC$396.67MC$284.99M
7 Day Performance33.18%3.93%7.29%-1.20%
1 Month Performance113.76%18.58%1.22%-0.13%
1 Year Performance1,135.84%75.70%18.04%43.43%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$34.72
+4.4%
N/A+1,144.4%C$3.24BC$171.99M-32.45219Analyst Revision
News Coverage
Gap Up
High Trading Volume
KEY
Keyera
2.1225 of 5 stars
C$43.69
-0.3%
N/A+40.4%C$10.01BC$7B29.3217,500Upcoming Earnings
BLX
Boralex
3.6296 of 5 stars
C$33.22
-0.1%
N/A+15.6%C$3.41BC$959M35.72180Upcoming Earnings
SII
Sprott
2.3807 of 5 stars
C$60.18
-0.7%
N/A+46.1%C$1.53BC$182.34M27.48170Dividend Increase
BITF
Bitfarms
2.5888 of 5 stars
C$3.14
+1.3%
N/A+105.8%C$1.42BC$172.70M-6.28110News Coverage
HIVE
HIVE Digital Technologies
0.5014 of 5 stars
C$6.39
+1.8%
N/A+66.8%C$758.62MC$123.14M-13.3120High Trading Volume
WED
Westaim
0.263 of 5 stars
C$4.98
+0.6%
N/A+34.4%C$638.29MC$104.22M7.663,240
WFC
Wall Financial
N/AC$19.50
flat
N/A-0.7%C$626.93MC$186.46M25.32238,000Gap Up
VBNK
VersaBank
0.8012 of 5 stars
C$22.45
+2.0%
N/A+126.0%C$582.80MC$113.82M12.76100
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 11/14/2024 by MarketBeat.com Staff
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