Bakkt (BKKT) Competitors

$11.52
+1.03 (+9.82%)
(As of 05/17/2024 ET)

BKKT vs. BTBT, MFH, PGY, MOGO, DGHI, OPFI, SOS, CMPO, GDOT, and BITF

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), Mogo (MOGO), Digihost Technology (DGHI), OppFi (OPFI), SOS (SOS), CompoSecure (CMPO), Green Dot (GDOT), and Bitfarms (BITF). These companies are all part of the "nondepository credit institutions" industry.

Bakkt vs.

Bit Digital (NASDAQ:BTBT) and Bakkt (NYSE:BKKT) are both small-cap business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, institutional ownership, valuation, dividends, earnings, community ranking, media sentiment and profitability.

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 11.1% of Bakkt shares are held by institutional investors. 41.3% of Bit Digital shares are held by company insiders. Comparatively, 1.8% of Bakkt shares are held 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.

In the previous week, Bit Digital had 2 more articles in the media than Bakkt. MarketBeat recorded 11 mentions for Bit Digital and 9 mentions for Bakkt. Bit Digital's average media sentiment score of 0.70 beat Bakkt's score of 0.56 indicating that Bakkt is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bit Digital
2 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bakkt
2 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bit Digital has a beta of 4.85, indicating that its share price is 385% more volatile than the S&P 500. Comparatively, Bakkt has a beta of 4.23, indicating that its share price is 323% more volatile than the S&P 500.

Bit Digital has higher earnings, but lower revenue 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bit Digital$44.92M3.98-$13.89M-$0.16-13.56
Bakkt$780.10M0.19-$74.85M-$18.61-0.62

Bakkt has a net margin of -4.26% compared to Bakkt's net margin of -30.93%. Bakkt's return on equity of -6.20% beat Bit Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Bit Digital-30.93% -6.20% -5.04%
Bakkt -4.26%-34.12%-7.30%

Bit Digital presently has a consensus target price of $5.50, indicating a potential upside of 153.46%. Bakkt has a consensus target price of $13.13, indicating a potential upside of 13.98%. Given Bakkt's stronger consensus rating and higher probable upside, analysts clearly believe Bit Digital is more favorable than Bakkt.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bit Digital
0 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
3.00
Bakkt
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

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.

CompanyUnderperformOutperform
Bit DigitalOutperform Votes
7
53.85%
Underperform Votes
6
46.15%
BakktOutperform Votes
8
40.00%
Underperform Votes
12
60.00%

Summary

Bit Digital beats Bakkt on 13 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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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BKKT vs. The Competition

MetricBakktNondepository credit institutions IndustryBusiness SectorNYSE Exchange
Market Cap$148.20M$6.63B$6.58B$18.07B
Dividend YieldN/A5.02%2.93%3.43%
P/E Ratio-0.629.5335.8125.09
Price / Sales0.197.241,024.8310.27
Price / CashN/A32.6027.5420.15
Price / Book0.931.914.826.01
Net Income-$74.85M$442.89M$117.75M$966.25M
7 Day Performance17.02%2.03%1.76%1.87%
1 Month Performance15.09%8.28%5.22%7.14%
1 Year Performance-67.56%35.78%8.98%22.43%

Bakkt Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BTBT
Bit Digital
3.1467 of 5 stars
$2.26
+2.3%
$5.50
+143.4%
-8.4%$186.41M$44.92M-14.1324Analyst Forecast
Short Interest ↑
News Coverage
MFH
Mercurity Fintech
0 of 5 stars
$1.57
+6.8%
N/A-5.8%$73.08M$450,000.000.009Gap Up
PGY
Pagaya Technologies
2.6329 of 5 stars
$12.26
+2.7%
$29.75
+142.7%
+14.9%$64.37M$812.05M-8.69712
MOGO
Mogo
2.936 of 5 stars
$1.70
-1.2%
$8.00
+370.6%
-24.9%$41.67M$48.31M-3.78255
DGHI
Digihost Technology
0 of 5 stars
$1.35
+1.5%
N/A-7.2%$39.62M$26.11M-1.7315Earnings Report
Gap Up
OPFI
OppFi
3.1171 of 5 stars
$2.97
-2.9%
$4.25
+43.1%
+36.0%$329.43M$508.95M49.51445
SOS
SOS
0 of 5 stars
$1.23
+7.0%
N/A-99.4%$390.00M$260.03M0.00223
CMPO
CompoSecure
3.4287 of 5 stars
$6.55
flat
$12.33
+88.3%
-9.6%$527.86M$390.63M6.75922Short Interest ↑
GDOT
Green Dot
2.0074 of 5 stars
$10.24
+4.0%
$10.75
+5.0%
-43.1%$540.98M$1.50B-21.791,200Short Interest ↓
BITF
Bitfarms
1.9397 of 5 stars
$1.61
+1.3%
$4.20
+160.9%
+52.2%$573.63M$146.37M-4.35170Analyst Forecast
Short Interest ↓
Analyst Revision

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This page (NYSE:BKKT) was last updated on 5/18/2024 by MarketBeat.com Staff

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