BTBT vs. BKKT, OPFI, SOS, GDOT, CMPO, PGY, RCMT, AMPX, ARRW, and SCWO
Should you be buying Bit Digital stock or one of its competitors? The main competitors of Bit Digital include Bakkt (BKKT), OppFi (OPFI), SOS (SOS), Green Dot (GDOT), CompoSecure (CMPO), Pagaya Technologies (PGY), RCM Technologies (RCMT), Amprius Technologies (AMPX), Arrowroot Acquisition (ARRW), and 374Water (SCWO). These companies are all part of the "business services" sector.
Bakkt (NYSE:BKKT) and Bit Digital (NASDAQ:BTBT) are both small-cap business services companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, dividends, analyst recommendations, media sentiment, profitability, risk, institutional ownership, community ranking and valuation.
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 stock is poised for long-term growth.
Bakkt received 2 more outperform votes than Bit Digital when rated by MarketBeat users. However, 50.00% of users gave Bit Digital an outperform vote while only 40.00% of users gave Bakkt an outperform vote.
Bakkt has a beta of 4.12, indicating that its stock price is 312% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.76, indicating that its stock price is 376% more volatile than the S&P 500.
Bit Digital has lower revenue, but higher earnings than Bakkt. Bit Digital is trading at a lower price-to-earnings ratio than Bakkt, indicating that it is currently the more affordable of the two stocks.
In the previous week, Bakkt had 3 more articles in the media than Bit Digital. MarketBeat recorded 5 mentions for Bakkt and 2 mentions for Bit Digital. Bakkt's average media sentiment score of 0.25 beat Bit Digital's score of -0.17 indicating that Bit Digital is being referred to more favorably in the news media.
Bakkt has a net margin of -9.59% compared to Bakkt's net margin of -30.93%. Bakkt's return on equity of -6.20% beat Bit Digital's return on equity.
Bakkt currently has a consensus target price of $13.13, suggesting a potential upside of 3,183.71%. Bit Digital has a consensus target price of $5.50, suggesting a potential upside of 138.10%. Given Bit Digital's higher probable upside, research analysts clearly believe Bakkt is more favorable than Bit Digital.
Summary
Bit Digital beats Bakkt on 12 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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