BTBT vs. PGY, BITF, HKD, WULF, BTDR, CCAP, LDI, VEL, GDOT, and CMPO
Should you be buying Bit Digital stock or one of its competitors? The main competitors of Bit Digital include Pagaya Technologies (PGY), Bitfarms (BITF), AMTD Digital (HKD), TeraWulf (WULF), Bitdeer Technologies Group (BTDR), Crescent Capital BDC (CCAP), loanDepot (LDI), Velocity Financial (VEL), Green Dot (GDOT), and CompoSecure (CMPO). These companies are all part of the "nondepository credit institutions" industry.
Pagaya Technologies (NASDAQ:PGY) and Bit Digital (NASDAQ:BTBT) are both small-cap business services companies, but which is the better investment? We will compare the two companies based on the strength of their risk, dividends, analyst recommendations, institutional ownership, media sentiment, valuation, earnings, community ranking and profitability.
Pagaya Technologies has a beta of 6.55, meaning that its share price is 555% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.85, meaning that its share price is 385% more volatile than the S&P 500.
In the previous week, Pagaya Technologies had 8 more articles in the media than Bit Digital. MarketBeat recorded 12 mentions for Pagaya Technologies and 4 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.77 beat Pagaya Technologies' score of 0.75 indicating that Pagaya Technologies is being referred to more favorably in the media.
Bit Digital has a net margin of 57.44% compared to Bit Digital's net margin of -10.53%. Pagaya Technologies' return on equity of 0.30% beat Bit Digital's return on equity.
Bit Digital has lower revenue, but higher earnings than Pagaya Technologies. Pagaya Technologies is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.
Pagaya Technologies currently has a consensus price target of $27.50, indicating a potential upside of 133.25%. Bit Digital has a consensus price target of $5.50, indicating a potential upside of 118.25%. Given Bit Digital's higher probable upside, research analysts plainly believe Pagaya Technologies is more favorable than Bit Digital.
Pagaya Technologies received 6 more outperform votes than Bit Digital when rated by MarketBeat users. Likewise, 59.09% of users gave Pagaya Technologies an outperform vote while only 53.85% of users gave Bit Digital an outperform vote.
57.1% of Pagaya Technologies shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 19.7% of Pagaya Technologies shares are held by insiders. Comparatively, 41.3% of Bit Digital shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Summary
Pagaya Technologies and Bit Digital tied by winning 9 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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