HUT vs. QFIN, BUR, WD, RIOT, UPST, IREN, CORZ, PWP, LU, and CIFR
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Qifu Technology (QFIN), Burford Capital (BUR), Walker & Dunlop (WD), Riot Platforms (RIOT), Upstart (UPST), Iris Energy (IREN), Core Scientific (CORZ), Perella Weinberg Partners (PWP), Lufax (LU), and Cipher Mining (CIFR). These companies are all part of the "nondepository credit institutions" industry.
Hut 8 (NASDAQ:HUT) and Qifu Technology (NASDAQ:QFIN) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, dividends, analyst recommendations, risk, earnings, profitability, institutional ownership, media sentiment and valuation.
Qifu Technology has a net margin of 26.80% compared to Hut 8's net margin of -184.31%. Qifu Technology's return on equity of 20.96% beat Hut 8's return on equity.
Hut 8 currently has a consensus price target of $12.25, indicating a potential upside of 26.55%. Qifu Technology has a consensus price target of $24.73, indicating a potential upside of 24.04%. Given Hut 8's higher probable upside, equities analysts clearly believe Hut 8 is more favorable than Qifu Technology.
Hut 8 has a beta of 3.94, indicating that its share price is 294% more volatile than the S&P 500. Comparatively, Qifu Technology has a beta of 0.5, indicating that its share price is 50% less volatile than the S&P 500.
In the previous week, Hut 8 had 1 more articles in the media than Qifu Technology. MarketBeat recorded 6 mentions for Hut 8 and 5 mentions for Qifu Technology. Qifu Technology's average media sentiment score of 1.47 beat Hut 8's score of 0.50 indicating that Qifu Technology is being referred to more favorably in the news media.
31.8% of Hut 8 shares are held by institutional investors. Comparatively, 74.8% of Qifu Technology shares are held by institutional investors. 12.0% of Hut 8 shares are held by insiders. Comparatively, 17.1% of Qifu Technology shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Qifu Technology received 78 more outperform votes than Hut 8 when rated by MarketBeat users. Likewise, 60.71% of users gave Qifu Technology an outperform vote while only 58.54% of users gave Hut 8 an outperform vote.
Qifu Technology has higher revenue and earnings than Hut 8.
Summary
Qifu Technology beats Hut 8 on 11 of the 16 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding HUT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ 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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