Hut 8 (NASDAQ:HUT – Get Free Report) is one of 959 public companies in the “Software” industry, but how does it weigh in compared to its competitors? We will compare Hut 8 to related companies based on the strength of its earnings, valuation, institutional ownership, dividends, profitability, risk and analyst recommendations.
Earnings & Valuation
This table compares Hut 8 and its competitors gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Hut 8 | $235.12 million | -$226.15 million | -12.65 |
| Hut 8 Competitors | $1.79 billion | $382.68 million | 112.20 |
Hut 8’s competitors have higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Volatility & Risk
Hut 8 has a beta of 4.53, indicating that its share price is 353% more volatile than the S&P 500. Comparatively, Hut 8’s competitors have a beta of 1.35, indicating that their average share price is 35% more volatile than the S&P 500.
Insider & Institutional Ownership
31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 41.5% of shares of all “Software” companies are owned by institutional investors. 10.4% of Hut 8 shares are owned by company insiders. Comparatively, 19.9% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Analyst Recommendations
This is a summary of current ratings for Hut 8 and its competitors, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Hut 8 | 1 | 1 | 18 | 4 | 3.04 |
| Hut 8 Competitors | 5840 | 21622 | 45013 | 1501 | 2.57 |
Hut 8 currently has a consensus price target of $134.05, suggesting a potential upside of 116.31%. As a group, “Software” companies have a potential upside of 28.25%. Given Hut 8’s stronger consensus rating and higher probable upside, equities analysts clearly believe Hut 8 is more favorable than its competitors.
Profitability
This table compares Hut 8 and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Hut 8 | -169.76% | -9.68% | -2.66% |
| Hut 8 Competitors | -599.60% | 26.31% | -8.93% |
Summary
Hut 8 beats its competitors on 7 of the 12 factors compared.
About Hut 8
Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads. The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.
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