HUT vs. BLX, SII, BITF, VBNK, WED, PTS, WFC, ML, HIVE, and GRN
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Boralex (BLX), Sprott (SII), Bitfarms (BITF), 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.
Hut 8 vs.
Hut 8 (TSE:HUT) and Boralex (TSE:BLX) are both financial services companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, earnings, analyst recommendations, valuation, dividends, community ranking, media sentiment and institutional ownership.
In the previous week, Boralex had 2 more articles in the media than Hut 8. MarketBeat recorded 3 mentions for Boralex and 1 mentions for Hut 8. Hut 8's average media sentiment score of 1.05 beat Boralex's score of 0.34 indicating that Hut 8 is being referred to more favorably in the media.
Hut 8 has higher earnings, but lower revenue than Boralex. Hut 8 is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
Hut 8 has a beta of 3.45, indicating that its share price is 245% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, indicating that its share price is 54% less volatile than the S&P 500.
Hut 8 has a net margin of 135.55% compared to Boralex's net margin of 7.55%. Hut 8's return on equity of 40.91% beat Boralex's return on equity.
Boralex has a consensus price target of C$40.50, indicating a potential upside of 49.12%. Given Boralex's higher possible upside, analysts clearly believe Boralex is more favorable than Hut 8.
57.2% of Hut 8 shares are owned by institutional investors. Comparatively, 58.3% of Boralex shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Comparatively, 0.2% of Boralex shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Boralex received 381 more outperform votes than Hut 8 when rated by MarketBeat users. However, 72.22% of users gave Hut 8 an outperform vote while only 62.74% of users gave Boralex an outperform vote.
Summary
Hut 8 beats Boralex on 11 of the 19 factors compared between the two stocks.
Get Hut 8 News Delivered to You Automatically
Sign up to receive the latest news and ratings for HUT and its competitors with MarketBeat's FREE daily newsletter.
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.
Related Companies and Tools
This page (TSE:HUT) was last updated on 2/21/2025 by MarketBeat.com Staff
