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.
Bit Digital (NASDAQ:BTBT) and Bakkt (NYSE:BKKT) are both small-cap business services companies, but which is the superior stock? We will contrast the two companies based on the strength of their community ranking, risk, earnings, dividends, profitability, valuation, analyst recommendations, institutional ownership and media sentiment.
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.
In the previous week, Bit Digital had 7 more articles in the media than Bakkt. MarketBeat recorded 14 mentions for Bit Digital and 7 mentions for Bakkt. Bit Digital's average media sentiment score of 0.53 beat Bakkt's score of 0.45 indicating that Bakkt is being referred to more favorably in the news media.
Bit Digital currently has a consensus price target of $5.50, suggesting a potential upside of 153.46%. Bakkt has a consensus price target of $13.13, suggesting a potential upside of 14.53%. Given Bakkt's stronger consensus rating and higher possible upside, research analysts clearly believe Bit Digital is more favorable than Bakkt.
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.
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 insiders. Comparatively, 1.8% of Bakkt shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Bit Digital has a net margin of 57.44% compared to Bit Digital's net margin of -4.26%. Bakkt's return on equity of 0.40% beat Bit Digital's return on equity.
Bit Digital has higher earnings, but lower revenue than Bakkt. Bakkt is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.
Summary
Bit Digital beats Bakkt on 15 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.
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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