WELL Health vs. HIVE Stock

While HIVE Blockchain Technologies and WELL Health Technologies are two of the top growth stocks in Canada, here’s which stock is the better buy for you.

| More on:

Both WELL Health Technologies (TSX:WELL) and HIVE Blockchain Technologies (TSXV:HIVE) are two of Canada’s most popular growth stocks. While HIVE is one of the top crypto stocks you can buy today, WELL Health is rapidly growing by acquisition in the highly crucial healthcare industry.

The main reason both of these stocks have become so popular over the last few years is due to the incredible growth they’ve both proven they can achieve.

HIVE has shown investors just how much a leveraged mining stock can rally with the cryptocurrency industry growing significantly. Over the last year, HIVE has more than doubled the performance of Bitcoin.

hive well health stock

And WELL Health stock has been growing rapidly by acquisition for a few years now. Even before the pandemic, it was an intriguing growth stock.

However, with the tailwinds created by the pandemic, most notably a massive increase in demand for telehealth and other digital health applications, the stock is now one of the best you can buy.

But of these two high-potential growth stocks, you may be wondering which is the better buy for your portfolio.

HIVE Blockchain stock

There’s a reason why HIVE is one of the most popular growth stocks in Canada. The stock is not just in the high-potential crypto industry. It’s one of the best mining stocks you can buy. And crypto mining is well known to have a tonne of growth potential.

Because these miners are leveraged to the price of the cryptocurrencies they mine, and cryptocurrencies can rally rapidly, they are some of the best businesses you can buy. In fact, HIVE has a lot more growth potential than WELL stock, especially if cryptocurrencies can see another massive rally in the coming years.

However, there will certainly be a lot of volatility in the short term, which may not be for some investors. But if you have the time to buy and hold, it could be one of the best growth investments you ever make.

HIVE is particularly attractive, because it mines both Bitcoin and Ether. Plus, it holds a lot of the coins it mines, which rapidly adds value as cryptocurrency prices rise.

So, if you’re bullish on cryptocurrency, can stomach short-term volatility, and are looking for one of the highest-potential growth stocks, HIVE is one you should seriously consider adding to your portfolio.

WELL Health stock

WELL Health still offers investors a tonne of long-term growth potential, just not as much as a stock like HIVE. Healthcare is always an industry that’s full of great investments. And right now, WELL offers some of the most opportunities for growth in the space.

For starters, it has multiple lines of business, which it continues to grow rapidly through acquisition. The company isn’t just buying any companies, though. It’s strategically buying companies that add value to its current business model.

This is part of the reason why it’s grown so rapidly and continues to impress investors and analysts with its progress.

Even before the pandemic, WELL was a high-potential growth stock. The business had always had a goal to improve the massively obsolete healthcare industry in Canada.

And while the pandemic has certainly acted as a tailwind, the execution from management to find and source so many value accretive acquisitions has been impressive.

In addition, WELL stock is still considerably cheap, too. There are many more opportunities to expand its digital businesses and telehealth operations, as they continue to catch on and grow in popularity. Furthermore, it can continue to expand its physical clinics, which will help add a tonne of revenue.

It’s worth noting, though, that the stock may still be volatile given it’s a highly popular growth stock in Canada. However, it will be a lot less volatile than HIVE stock.

So, if you’re looking for a stock with a bit less short-term risk and similar long-term growth potential, WELL Health is certainly worth consideration.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Daniel Da Costa owns shares of WELL Health Technologies Corp. The Motley Fool has no position in any of the stocks mentioned.

More on Stocks for Beginners

dividends grow over time
Stocks for Beginners

The Smartest Growth Stock to Buy With $2,000 Right Now

Do you have $2,000 to invest for the long term? These three TSX stocks have and will continue to deliver…

Read more »

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.
Tech Stocks

Is OpenText Stock a Buy, Sell, or Hold for 2025?

OpenText stock has fallen in the last few years, but that could mean this top tech stock remains an undervalued…

Read more »

man touches brain to show a good idea
Dividend Stocks

3 No-Brainer REIT Stocks to Buy Right Now for Less Than $200

REITs have long been touted as some of the best dividend stocks out there if you want recurring, strong income.…

Read more »

grow money, wealth build
Dividend Stocks

3 Top High-Yield Stocks to Buy in November

If you want passive income, high yield dividend stocks are the clear choice. These are the best, and safest, out…

Read more »

Stocks for Beginners

Where will Loblaw Stock be in 5 Years?

Want a great food stock that can provide growth and income? Here's why Loblaw stock can offer that and more.

Read more »

A worker overlooks an oil refinery plant.
Dividend Stocks

3 Canadian Infrastructure Stocks to Buy Now

Infrastructure makes up everything we use, from the water we drink to the roads we drive. And these three infra…

Read more »

Sliced pumpkin pie
Stocks for Beginners

Ready to Invest With $2,000? 4 Stocks for November

Got $2,000 to start a new investment portfolio? Try these four high quality Canadian stocks for long-term wealth compounding.

Read more »

cloud computing
Tech Stocks

3 No-Brainer Tech Stocks to Buy Right Now for Less Than $1,000

Not all tech stocks are the risky investments that many think they are. Which is why we're focusing on the…

Read more »