BKKT vs. BTBT, MFH, PGY, SOS, OPFI, GDOT, CMPO, BTDR, BITF, and HKD
Should you be buying Bakkt stock or one of its competitors? The main competitors of Bakkt include Bit Digital (BTBT), Mercurity Fintech (MFH), Pagaya Technologies (PGY), SOS (SOS), OppFi (OPFI), Green Dot (GDOT), CompoSecure (CMPO), Bitdeer Technologies Group (BTDR), Bitfarms (BITF), and AMTD Digital (HKD). These companies are all part of the "nondepository credit institutions" industry.
Bit Digital (NASDAQ:BTBT) and Bakkt (NYSE:BKKT) are both small-cap business services companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, risk, dividends, media sentiment, profitability, institutional ownership, valuation and community ranking.
In the previous week, Bit Digital had 1 more articles in the media than Bakkt. MarketBeat recorded 5 mentions for Bit Digital and 4 mentions for Bakkt. Bakkt's average media sentiment score of 0.40 beat Bit Digital's score of 0.35 indicating that Bit Digital is being referred to more favorably in the media.
47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 11.1% of Bakkt shares are owned by institutional investors. 41.3% of Bit Digital shares are owned by company insiders. Comparatively, 1.8% of Bakkt shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Bit Digital has a beta of 4.85, suggesting that its stock price is 385% more volatile than the S&P 500. Comparatively, Bakkt has a beta of 4.23, suggesting that its stock price is 323% more volatile than the S&P 500.
Bit Digital presently has a consensus price target of $5.50, suggesting a potential upside of 117.39%. Bakkt has a consensus price target of $13.13, suggesting a potential downside of 18.22%. Given Bakkt's stronger consensus rating and higher probable upside, research analysts plainly believe Bit Digital is more favorable than Bakkt.
Bit Digital has higher earnings, but lower revenue 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.
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 0.30% beat Bit Digital's return on equity.
Summary
Bit Digital beats Bakkt on 16 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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