BKKT vs. BTBT, MOGO, DGHI, OPFI, SOS, GDOT, ZTEK, RMGC, SKYX, and EXFY
Should you be buying Bakkt stock or one of its competitors? The main competitors of Bakkt include Bit Digital (BTBT), Mogo (MOGO), Digihost Technology (DGHI), OppFi (OPFI), SOS (SOS), Green Dot (GDOT), Zentek (ZTEK), RMG Acquisition Corp. III (RMGC), SKYX Platforms (SKYX), and Expensify (EXFY). 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 businesses based on the strength of their profitability, dividends, institutional ownership, risk, community ranking, valuation, media sentiment, earnings and analyst recommendations.
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.
In the previous week, Bit Digital had 6 more articles in the media than Bakkt. MarketBeat recorded 19 mentions for Bit Digital and 13 mentions for Bakkt. Bit Digital's average media sentiment score of 0.89 beat Bakkt's score of 0.03 indicating that Bit Digital is being referred to more favorably in the news media.
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 currently has a consensus target price of $0.53, suggesting a potential upside of 14.18%. Bit Digital has a consensus target price of $5.50, suggesting a potential upside of 91.64%. Given Bit Digital's stronger consensus rating and higher possible upside, analysts clearly believe Bit Digital is more favorable than Bakkt.
Bakkt has a net margin of -9.59% compared to Bit Digital's net margin of -30.93%. Bit Digital's return on equity of -6.20% beat Bakkt's return on equity.
11.1% of Bakkt shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 1.9% of Bakkt shares are held by insiders. Comparatively, 41.3% of Bit Digital shares are held by 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.
Bakkt has a beta of 4.19, meaning that its share price is 319% 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.
Summary
Bit Digital beats Bakkt on 14 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.
Skip ChartThis 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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