Comparing Bit Digital (NASDAQ:BTBT) & Kyndryl (NYSE:KD)

Bit Digital (NASDAQ:BTBT) and Kyndryl (NYSE:KD) are both technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, dividends, risk, institutional ownership, earnings and analyst recommendations.

Risk & Volatility

Bit Digital has a beta of 3.84, indicating that its stock price is 284% more volatile than the S&P 500. Comparatively, Kyndryl has a beta of 1.66, indicating that its stock price is 66% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and target prices for Bit Digital and Kyndryl, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Digital	1	1	4	1	2.71
Kyndryl	2	7	0	0	1.78

Bit Digital currently has a consensus price target of $4.38, suggesting a potential upside of 364.44%. Kyndryl has a consensus price target of $16.50, suggesting a potential upside of 14.85%. Given Bit Digital’s stronger consensus rating and higher probable upside, research analysts clearly believe Bit Digital is more favorable than Kyndryl.

Valuation & Earnings

This table compares Bit Digital and Kyndryl”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$122.84 million	2.77	-$80.32 million	($1.06)	-0.89
Kyndryl	$14.97 billion	0.21	$199.00 million	$0.37	38.83

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

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Bit Digital	-237.19%	-10.66%	-6.81%
Kyndryl	0.58%	12.24%	1.33%

Institutional & Insider Ownership

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 71.5% of Kyndryl shares are held by institutional investors. 2.0% of Bit Digital shares are held by company insiders. Comparatively, 2.0% of Kyndryl shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Kyndryl beats Bit Digital on 9 of the 15 factors compared between the two stocks.

About Bit Digital

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.

About Kyndryl

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York.