BTBT vs. BKKT, OPFI, GDOT, CMPO, ML, SOS, HKD, SCWO, MRAM, and DLHC
Should you be buying Bit Digital stock or one of its competitors? The main competitors of Bit Digital include Bakkt (BKKT), OppFi (OPFI), Green Dot (GDOT), CompoSecure (CMPO), MoneyLion (ML), SOS (SOS), AMTD Digital (HKD), 374Water (SCWO), Everspin Technologies (MRAM), and DLH (DLHC). 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 better business? We will compare the two businesses based on the strength of their community ranking, risk, analyst recommendations, earnings, media sentiment, dividends, profitability, institutional ownership and valuation.
Bakkt currently has a consensus price target of $0.75, suggesting a potential upside of 39.90%. Bit Digital has a consensus price target of $5.50, suggesting a potential upside of 152.29%. Given Bakkt's higher probable upside, analysts clearly believe Bit Digital is more favorable than Bakkt.
Bakkt received 2 more outperform votes than Bit Digital when rated by MarketBeat users. However, 45.45% of users gave Bit Digital an outperform vote while only 38.89% of users gave Bakkt an outperform vote.
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.
Bakkt has a beta of 4.19, suggesting that its share price is 319% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.75, suggesting that its share price is 375% more volatile than the S&P 500.
Bakkt has a net margin of -24.89% compared to Bakkt's net margin of -203.39%. Bit Digital's return on equity of 25.41% beat Bakkt's return on equity.
8.4% of Bakkt shares are held by institutional investors. Comparatively, 24.2% of Bit Digital shares are held by institutional investors. 1.9% of Bakkt shares are held by company insiders. Comparatively, 41.3% of Bit Digital shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, Bit Digital had 13 more articles in the media than Bakkt. MarketBeat recorded 20 mentions for Bit Digital and 7 mentions for Bakkt. Bakkt's average media sentiment score of 0.18 beat Bit Digital's score of -0.05 indicating that Bit Digital is being referred to more favorably in the news media.
Summary
Bit Digital beats Bakkt on 11 of the 17 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.
Skip ChartThis 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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