BTBT vs. HUT, HKD, WULF, BTDR, CCAP, VEL, LDI, GDOT, CMPO, and RWAY
Should you be buying Bit Digital stock or one of its competitors? The main competitors of Bit Digital include Hut 8 (HUT), AMTD Digital (HKD), TeraWulf (WULF), Bitdeer Technologies Group (BTDR), Crescent Capital BDC (CCAP), Velocity Financial (VEL), loanDepot (LDI), Green Dot (GDOT), CompoSecure (CMPO), and Runway Growth Finance (RWAY). These companies are all part of the "nondepository credit institutions" industry.
Hut 8 (NASDAQ:HUT) and Bit Digital (NASDAQ:BTBT) are both small-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, dividends, community ranking, media sentiment, risk, analyst recommendations, valuation and institutional ownership.
In the previous week, Hut 8 had 1 more articles in the media than Bit Digital. MarketBeat recorded 4 mentions for Hut 8 and 3 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.98 beat Hut 8's score of 0.75 indicating that Hut 8 is being referred to more favorably in the media.
Hut 8 presently has a consensus target price of $12.25, suggesting a potential upside of 26.55%. Bit Digital has a consensus target price of $5.50, suggesting a potential upside of 110.73%. Given Hut 8's stronger consensus rating and higher possible upside, analysts plainly believe Bit Digital is more favorable than Hut 8.
Hut 8 received 17 more outperform votes than Bit Digital when rated by MarketBeat users. Likewise, 58.54% of users gave Hut 8 an outperform vote while only 53.85% of users gave Bit Digital an outperform vote.
Bit Digital has lower revenue, but higher earnings than Hut 8.
Hut 8 has a beta of 3.94, meaning that its share price is 294% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.75, meaning that its share price is 375% more volatile than the S&P 500.
31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 47.7% of Bit Digital shares are owned by institutional investors. 12.0% of Hut 8 shares are owned by insiders. Comparatively, 41.3% of Bit Digital shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Bit Digital has a net margin of 57.44% compared to Bit Digital's net margin of -184.31%. Hut 8's return on equity of 0.30% beat Bit Digital's return on equity.
Summary
Bit Digital beats Hut 8 on 9 of the 16 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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