Head to Head Comparison: BitMine Immersion Technologies (BMNR) vs. Its Rivals

BitMine Immersion Technologies (NYSE:BMNR) is one of 346 public companies in the “Financial Services” industry, but how does it contrast to its competitors? We will compare BitMine Immersion Technologies to similar companies based on the strength of its valuation, risk, institutional ownership, dividends, earnings, profitability and analyst recommendations.

Earnings and Valuation

This table compares BitMine Immersion Technologies and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
BitMine Immersion Technologies	$6.09 million	$348.58 million	366.56
BitMine Immersion Technologies Competitors	$21.24 billion	$1.05 billion	10.00

BitMine Immersion Technologies’ competitors have higher revenue and earnings than BitMine Immersion Technologies. BitMine Immersion Technologies is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares BitMine Immersion Technologies and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BitMine Immersion Technologies	-14,306.56%	3.35%	3.32%
BitMine Immersion Technologies Competitors	-397.78%	-19.18%	-6.60%

Dividends

BitMine Immersion Technologies pays an annual dividend of $0.01 per share and has a dividend yield of 0.1%. BitMine Immersion Technologies pays out 20.0% of its earnings in the form of a dividend. As a group, “Financial Services” companies pay a dividend yield of 4.0% and pay out -101.7% of their earnings in the form of a dividend. BitMine Immersion Technologies lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Insider and Institutional Ownership

42.8% of shares of all “Financial Services” companies are held by institutional investors. 0.2% of BitMine Immersion Technologies shares are held by company insiders. Comparatively, 21.5% of shares of all “Financial Services” companies 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.

Analyst Recommendations

This is a breakdown of recent ratings for BitMine Immersion Technologies and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BitMine Immersion Technologies	1	1	1	1	2.50
BitMine Immersion Technologies Competitors	1882	6740	11420	409	2.51

BitMine Immersion Technologies currently has a consensus price target of $27.65, indicating a potential upside of 50.86%. As a group, “Financial Services” companies have a potential upside of 4.60%. Given BitMine Immersion Technologies’ higher possible upside, equities research analysts plainly believe BitMine Immersion Technologies is more favorable than its competitors.

Volatility and Risk

BitMine Immersion Technologies has a beta of 1.28, suggesting that its stock price is 28% more volatile than the S&P 500. Comparatively, BitMine Immersion Technologies’ competitors have a beta of 2.26, suggesting that their average stock price is 126% more volatile than the S&P 500.

Summary

BitMine Immersion Technologies competitors beat BitMine Immersion Technologies on 10 of the 15 factors compared.

About BitMine Immersion Technologies

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.