HUT vs. QFIN, WD, RIOT, LU, UPST, PWP, CIFR, SII, IREN, and ML
Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Qifu Technology (QFIN), Walker & Dunlop (WD), Riot Platforms (RIOT), Lufax (LU), Upstart (UPST), Perella Weinberg Partners (PWP), Cipher Mining (CIFR), Sprott (SII), Iris Energy (IREN), and MoneyLion (ML). These companies are all part of the "nondepository credit institutions" industry.
Qifu Technology (NASDAQ:QFIN) and Hut 8 (NASDAQ:HUT) are both business services companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, media sentiment, risk, earnings, valuation, institutional ownership, community ranking and dividends.
Qifu Technology has a beta of 0.57, indicating that its share price is 43% less volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.98, indicating that its share price is 298% more volatile than the S&P 500.
Qifu Technology received 79 more outperform votes than Hut 8 when rated by MarketBeat users. Likewise, 60.71% of users gave Qifu Technology an outperform vote while only 57.50% of users gave Hut 8 an outperform vote.
Qifu Technology has higher revenue and earnings than Hut 8.
Qifu Technology currently has a consensus price target of $24.73, indicating a potential upside of 28.02%. Hut 8 has a consensus price target of $12.25, indicating a potential upside of 40.97%. Given Qifu Technology's higher probable upside, analysts clearly believe Hut 8 is more favorable than Qifu Technology.
In the previous week, Qifu Technology had 5 more articles in the media than Hut 8. MarketBeat recorded 9 mentions for Qifu Technology and 4 mentions for Hut 8. Hut 8's average media sentiment score of 1.09 beat Qifu Technology's score of 0.59 indicating that Qifu Technology is being referred to more favorably in the media.
74.8% of Qifu Technology shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 17.1% of Qifu Technology shares are held by company insiders. Comparatively, 12.0% 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 is poised for long-term growth.
Qifu Technology has a net margin of 26.80% compared to Qifu Technology's net margin of -184.31%. Hut 8's return on equity of 20.96% beat Qifu Technology's return on equity.
Summary
Qifu Technology beats Hut 8 on 12 of the 16 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.
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.
Related Companies and Tools
