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.
Bit Digital (NASDAQ:BTBT) and Pagaya Technologies (NASDAQ:PGY) are both small-cap business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their community ranking, institutional ownership, valuation, analyst recommendations, media sentiment, earnings, profitability, risk and dividends.
47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 57.1% of Pagaya Technologies shares are owned by institutional investors. 41.3% of Bit Digital shares are owned by insiders. Comparatively, 19.7% of Pagaya Technologies shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Bit Digital has a net margin of 57.44% compared to Pagaya Technologies' net margin of -10.53%. Bit Digital's return on equity of 0.30% beat Pagaya Technologies' return on equity.
Bit Digital has higher earnings, but lower revenue 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 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.
Bit Digital currently has a consensus price target of $5.50, suggesting a potential upside of 121.77%. Pagaya Technologies has a consensus price target of $27.50, suggesting a potential upside of 132.85%. Given Pagaya Technologies' higher probable upside, analysts clearly believe Pagaya Technologies is more favorable than Bit Digital.
Bit Digital has a beta of 4.85, suggesting that its stock price is 385% more volatile than the S&P 500. Comparatively, Pagaya Technologies has a beta of 6.55, suggesting that its stock price is 555% more volatile than the S&P 500.
In the previous week, Pagaya Technologies had 3 more articles in the media than Bit Digital. MarketBeat recorded 5 mentions for Pagaya Technologies and 2 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.93 beat Pagaya Technologies' score of 0.81 indicating that Bit Digital is being referred to more favorably in the media.
Summary
Bit Digital beats Pagaya Technologies on 10 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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