Contrasting BTC Digital (BTCT) and Its Competitors

BTC Digital (NASDAQ:BTCT) is one of 953 public companies in the “Software” industry, but how does it weigh in compared to its peers? We will compare BTC Digital to related businesses based on the strength of its earnings, analyst recommendations, valuation, profitability, dividends, institutional ownership and risk.

Valuation & Earnings

This table compares BTC Digital and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
BTC Digital	$14.04 million	-$9.06 million	-0.59
BTC Digital Competitors	$1.91 billion	$385.94 million	110.46

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

Profitability

This table compares BTC Digital and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BTC Digital	N/A	N/A	N/A
BTC Digital Competitors	-620.53%	20.98%	-8.95%

Volatility and Risk

BTC Digital has a beta of 5.8, indicating that its share price is 480% more volatile than the S&P 500. Comparatively, BTC Digital’s peers have a beta of 1.27, indicating that their average share price is 27% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings for BTC Digital and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BTC Digital	1	1	0	0	1.50
BTC Digital Competitors	5725	21433	44710	1492	2.57

As a group, “Software” companies have a potential upside of 29.03%. Given BTC Digital’s peers stronger consensus rating and higher probable upside, analysts clearly believe BTC Digital has less favorable growth aspects than its peers.

Insider & Institutional Ownership

7.3% of BTC Digital shares are held by institutional investors. Comparatively, 41.9% of shares of all “Software” companies are held by institutional investors. 0.2% of BTC Digital shares are held by company insiders. Comparatively, 19.8% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Summary

BTC Digital peers beat BTC Digital on 10 of the 13 factors compared.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.