Bit Digital (BTBT) & Its Peers Financial Comparison

Bit Digital (NASDAQ: BTBT) is one of 69 publicly-traded companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its competitors? We will compare Bit Digital to similar businesses based on the strength of its valuation, risk, earnings, profitability, dividends, institutional ownership and analyst recommendations.

Valuation & Earnings

This table compares Bit Digital and its competitors gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Bit Digital $21.07 million -$1.91 million 153.29
Bit Digital Competitors $4.14 billion $548.61 million 16.38

Bit Digital’s competitors have higher revenue and earnings than Bit Digital. Bit Digital is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Bit Digital and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bit Digital 0 0 1 0 3.00
Bit Digital Competitors 351 1301 1556 57 2.40

Bit Digital presently has a consensus target price of $14.00, suggesting a potential upside of 30.23%. As a group, “Nondepository credit institutions” companies have a potential upside of 5.89%. Given Bit Digital’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Bit Digital is more favorable than its competitors.

Profitability

This table compares Bit Digital and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Bit Digital N/A N/A N/A
Bit Digital Competitors 45.74% -42.67% 2.38%

Risk and Volatility

Bit Digital has a beta of 4.82, suggesting that its share price is 382% more volatile than the S&P 500. Comparatively, Bit Digital’s competitors have a beta of -0.49, suggesting that their average share price is 149% less volatile than the S&P 500.

Insider & Institutional Ownership

9.7% of Bit Digital shares are owned by institutional investors. Comparatively, 48.2% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 14.9% of shares of all “Nondepository credit institutions” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Bit Digital competitors beat Bit Digital on 7 of the 12 factors compared.

About Bit Digital

Bit Digital, Inc. operates as a bitcoin mining company. The company was founded in November 2015 and is headquartered in New York, NY.

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