Bakkt (NYSE:BKKT) and Soluna (NASDAQ:SLNH) Head to Head Contrast

Bakkt (NYSE:BKKT) and Soluna (NASDAQ:SLNH) are both small-cap business services companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, dividends, risk, profitability, analyst recommendations and institutional ownership.

Analyst Ratings

This is a breakdown of current ratings and price targets for Bakkt and Soluna, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bakkt	1	0	1	0	2.00
Soluna	0	0	0	0	N/A

Bakkt presently has a consensus target price of $13.13, indicating a potential downside of 14.72%. Given Bakkt’s higher probable upside, analysts plainly believe Bakkt is more favorable than Soluna.

Volatility & Risk

Bakkt has a beta of 4.8, meaning that its stock price is 380% more volatile than the S&P 500. Comparatively, Soluna has a beta of 2.96, meaning that its stock price is 196% more volatile than the S&P 500.

Valuation and Earnings

This table compares Bakkt and Soluna’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bakkt	$780.10 million	0.26	-$74.85 million	($18.61)	-0.83
Soluna	$21.07 million	0.80	-$29.20 million	($23.20)	-0.19

Soluna has lower revenue, but higher earnings than Bakkt. Bakkt is trading at a lower price-to-earnings ratio than Soluna, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

11.1% of Bakkt shares are held by institutional investors. Comparatively, 23.2% of Soluna shares are held by institutional investors. 1.8% of Bakkt shares are held by company insiders. Comparatively, 22.0% of Soluna shares 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.

Profitability

This table compares Bakkt and Soluna’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bakkt	-4.26%	-37.42%	-6.25%
Soluna	-89.72%	-44.38%	-25.75%

Summary

Bakkt beats Soluna on 8 of the 13 factors compared between the two stocks.

About Bakkt

Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants. Its platform also offers a range of loyalty solutions, including redemption solutions for various rewards categories comprising travel, gift cards, and merchandise; travel solutions that offer a retail e-commerce booking platform, as well as live-agent booking and servicing; and unified shopping experience. The company was founded in 2018 and is headquartered in Alpharetta, Georgia.

About Soluna

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.