Financial Analysis: Qifu Technology (NASDAQ:QFIN) versus Abits Group (NASDAQ:ABTS)

Qifu Technology (NASDAQ:QFIN) and Abits Group (NASDAQ:ABTS) are both business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst recommendations and profitability.

Analyst Ratings

This is a summary of recent recommendations for Qifu Technology and Abits Group, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Qifu Technology	0	0	2	0	3.00
Abits Group	0	0	0	0	N/A

Qifu Technology currently has a consensus price target of $23.80, indicating a potential downside of 7.61%. Given Qifu Technology’s higher probable upside, analysts clearly believe Qifu Technology is more favorable than Abits Group.

Insider & Institutional Ownership

74.8% of Qifu Technology shares are held by institutional investors. Comparatively, 0.2% of Abits Group shares are held by institutional investors. 17.1% of Qifu Technology shares are held by insiders. Comparatively, 6.7% of Abits Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Qifu Technology and Abits Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Qifu Technology	28.06%	21.82%	10.30%
Abits Group	N/A	N/A	N/A

Risk and Volatility

Qifu Technology has a beta of 0.61, indicating that its stock price is 39% less volatile than the S&P 500. Comparatively, Abits Group has a beta of 2.71, indicating that its stock price is 171% more volatile than the S&P 500.

Earnings & Valuation

This table compares Qifu Technology and Abits Group”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Qifu Technology	$2.29 billion	1.81	$603.58 million	$3.86	6.67
Abits Group	$5.34 million	3.46	-$12.59 million	N/A	N/A

Qifu Technology has higher revenue and earnings than Abits Group.

Summary

Qifu Technology beats Abits Group on 9 of the 11 factors compared between the two stocks.

About Qifu Technology

Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.

About Abits Group

Abits Group Inc., a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.