Coinbase Global (NASDAQ:COIN) & Bit Digital (NASDAQ:BTBT) Head-To-Head Review

Coinbase Global (NASDAQ:COINGet Free Report) and Bit Digital (NASDAQ:BTBTGet Free Report) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation and profitability.

Profitability

This table compares Coinbase Global and Bit Digital’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Coinbase Global 33.98% 9.42% 0.30%
Bit Digital 57.44% 0.30% 0.25%

Analyst Ratings

This is a breakdown of recent recommendations for Coinbase Global and Bit Digital, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coinbase Global 2 9 9 0 2.35
Bit Digital 0 0 2 0 3.00

Coinbase Global currently has a consensus target price of $215.50, indicating a potential downside of 4.59%. Bit Digital has a consensus target price of $5.50, indicating a potential upside of 108.33%. Given Bit Digital’s stronger consensus rating and higher possible upside, analysts plainly believe Bit Digital is more favorable than Coinbase Global.

Volatility and Risk

Coinbase Global has a beta of 3.44, indicating that its share price is 244% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.75, indicating that its share price is 375% more volatile than the S&P 500.

Institutional and Insider Ownership

68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 47.7% of Bit Digital shares are owned by institutional investors. 23.4% of Coinbase Global shares are owned by insiders. Comparatively, 41.3% of Bit Digital shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares Coinbase Global and Bit Digital’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Coinbase Global $3.11 billion 17.84 $94.87 million $5.01 45.08
Bit Digital $44.92 million 4.85 -$13.89 million $0.30 8.80

Coinbase Global has higher revenue and earnings than Bit Digital. Bit Digital is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.

Summary

Coinbase Global beats Bit Digital on 9 of the 14 factors compared between the two stocks.

About Coinbase Global

(Get Free Report)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

About Bit Digital

(Get Free Report)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.

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