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Head-To-Head Review: Mogo (NASDAQ:MOGO) & Bit Digital (NASDAQ:BTBT)

Defense World ·  Aug 11, 2022 02:41

Mogo (NASDAQ:MOGO – Get Rating) and Bit Digital (NASDAQ:BTBT – Get Rating) are both small-cap business services companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, valuation and profitability.

Volatility & Risk

Mogo has a beta of 3.06, indicating that its share price is 206% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.69, indicating that its share price is 369% more volatile than the S&P 500.

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Analyst Recommendations

This is a breakdown of current recommendations for Mogo and Bit Digital, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mogo 0 0 3 0 3.00
Bit Digital 0 0 1 0 3.00
Mogo presently has a consensus price target of $6.40, suggesting a potential upside of 368.86%. Bit Digital has a consensus price target of $4.00, suggesting a potential upside of 136.69%. Given Mogo's higher probable upside, analysts plainly believe Mogo is more favorable than Bit Digital.

Institutional and Insider Ownership

17.4% of Mogo shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Earnings & Valuation

This table compares Mogo and Bit Digital's top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Mogo $45.89 million 2.26 -$26.50 million ($0.62) -2.20
Bit Digital $96.08 million 1.41 $4.86 million ($0.75) -2.25

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

Profitability

This table compares Mogo and Bit Digital's net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Mogo -76.90% -20.44% -14.21%
Bit Digital -67.71% -20.39% -18.57%

Summary

Mogo beats Bit Digital on 7 of the 12 factors compared between the two stocks.

About Mogo

(Get Rating)

Mogo Inc. operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans. The company also offers Mogo Trade, a free stock trading platform with real-time stock quotes and funding; and Mogo Ventures to manage its existing investments in strategic partners and companies. In addition, it operates Carta, a digital payments software platform that enable financial technology companies, banks, and corporations to issue payment products to consumers via multiple channels, including physical, virtual, and tokenized cards, as well as payment switching and routing services. Mogo Inc. was founded in 2003 and is headquartered in Vancouver, Canada.

About Bit Digital

(Get Rating)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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