BTBT vs. BKKT, MFH, OPFI, PGY, SOS, GDOT, CMPO, HKD, BTDR, and BITF
Should you be buying Bit Digital stock or one of its competitors? The main competitors of Bit Digital include Bakkt (BKKT), Mercurity Fintech (MFH), OppFi (OPFI), Pagaya Technologies (PGY), SOS (SOS), Green Dot (GDOT), CompoSecure (CMPO), AMTD Digital (HKD), Bitdeer Technologies Group (BTDR), and Bitfarms (BITF). These companies are all part of the "nondepository credit institutions" industry.
Bakkt (NYSE:BKKT) and Bit Digital (NASDAQ:BTBT) are both small-cap business services companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, profitability, dividends, risk, media sentiment, earnings and community ranking.
Bakkt presently has a consensus target price of $13.13, indicating a potential upside of 14.53%. Bit Digital has a consensus target price of $5.50, indicating a potential upside of 153.46%. Given Bakkt's stronger consensus rating and higher probable upside, analysts clearly believe Bit Digital is more favorable than Bakkt.
Bit Digital has lower revenue, but higher earnings than Bakkt. Bakkt is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.
In the previous week, Bit Digital had 7 more articles in the media than Bakkt. MarketBeat recorded 14 mentions for Bit Digital and 7 mentions for Bakkt. Bit Digital's average media sentiment score of 0.53 beat Bakkt's score of 0.45 indicating that Bakkt is being referred to more favorably in the media.
Bakkt has a beta of 4.23, meaning that its stock price is 323% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.85, meaning that its stock price is 385% more volatile than the S&P 500.
Bakkt received 1 more outperform votes than Bit Digital when rated by MarketBeat users. However, 53.85% of users gave Bit Digital an outperform vote while only 40.00% of users gave Bakkt an outperform vote.
Bit Digital has a net margin of 57.44% compared to Bit Digital's net margin of -4.26%. Bakkt's return on equity of 0.40% beat Bit Digital's return on equity.
11.1% of Bakkt shares are owned by institutional investors. Comparatively, 47.7% of Bit Digital shares are owned by institutional investors. 1.8% of Bakkt shares are owned by company insiders. Comparatively, 41.3% of Bit Digital shares are owned 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.
Summary
Bit Digital beats Bakkt on 15 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BTBT 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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