BKKT vs. BITF, ML, WULF, HUT, PGY, BTDR, LDI, HKD, CCAP, and VEL
Should you be buying Bakkt stock or one of its competitors? The main competitors of Bakkt include Bitfarms (BITF), MoneyLion (ML), TeraWulf (WULF), Hut 8 (HUT), Pagaya Technologies (PGY), Bitdeer Technologies Group (BTDR), loanDepot (LDI), AMTD Digital (HKD), Crescent Capital BDC (CCAP), and Velocity Financial (VEL). These companies are all part of the "nondepository credit institutions" industry.
Bitfarms (NASDAQ:BITF) and Bakkt (NYSE:BKKT) 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 risk, earnings, analyst recommendations, institutional ownership, profitability, dividends, media sentiment, valuation and community ranking.
Bitfarms currently has a consensus target price of $3.72, indicating a potential upside of 54.86%. Bakkt has a consensus target price of $13.13, indicating a potential downside of 31.35%. Given Bakkt's stronger consensus rating and higher probable upside, analysts clearly believe Bitfarms is more favorable than Bakkt.
20.6% of Bitfarms shares are held by institutional investors. Comparatively, 11.1% of Bakkt shares are held by institutional investors. 9.5% of Bitfarms shares are held by company insiders. Comparatively, 1.8% of Bakkt shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Bitfarms has a beta of 3.68, suggesting that its share price is 268% more volatile than the S&P 500. Comparatively, Bakkt has a beta of 4.82, suggesting that its share price is 382% more volatile than the S&P 500.
In the previous week, Bitfarms had 12 more articles in the media than Bakkt. MarketBeat recorded 14 mentions for Bitfarms and 2 mentions for Bakkt. Bitfarms' average media sentiment score of 0.96 beat Bakkt's score of 0.65 indicating that Bakkt is being referred to more favorably in the news media.
Bakkt has a net margin of -4.26% compared to Bakkt's net margin of -64.06%. Bakkt's return on equity of -19.24% beat Bitfarms' return on equity.
Bakkt has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Bakkt, indicating that it is currently the more affordable of the two stocks.
Bitfarms received 18 more outperform votes than Bakkt when rated by MarketBeat users. Likewise, 74.29% of users gave Bitfarms an outperform vote while only 40.00% of users gave Bakkt an outperform vote.
Summary
Bitfarms beats Bakkt on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BKKT 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 NYSE 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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