Analyzing BitMine Immersion Technologies (BMNR) and Its Competitors

BitMine Immersion Technologies (NYSE:BMNR) is one of 347 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 risk, profitability, valuation, dividends, analyst recommendations, earnings and institutional ownership.

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	-405.64%	-19.43%	-6.49%

Analyst Recommendations

This is a summary of current ratings and target prices for BitMine Immersion Technologies and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BitMine Immersion Technologies	1	1	1	1	2.50
BitMine Immersion Technologies Competitors	1894	6774	11451	413	2.51

BitMine Immersion Technologies currently has a consensus price target of $27.65, indicating a potential upside of 21.06%. As a group, “Financial Services” companies have a potential upside of 6.03%. Given BitMine Immersion Technologies’ higher possible upside, analysts plainly believe BitMine Immersion Technologies is more favorable than its competitors.

Earnings & 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	$61.20 million	$348.58 million	456.80
BitMine Immersion Technologies Competitors	$6.61 billion	$1.06 billion	10.55

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.

Volatility & Risk

BitMine Immersion Technologies has a beta of 1.3, indicating that its stock price is 30% more volatile than the S&P 500. Comparatively, BitMine Immersion Technologies’ competitors have a beta of 2.25, indicating that their average stock price is 125% more volatile than the S&P 500.

Dividends

BitMine Immersion Technologies pays an annual dividend of $0.01 per share and has a dividend yield of 0.0%. 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 3.9% and pay out -103.1% 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.

Institutional & Insider Ownership

42.6% of shares of all “Financial Services” companies are owned by institutional investors. 0.2% of BitMine Immersion Technologies shares are owned by company insiders. Comparatively, 21.6% of shares of all “Financial Services” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Summary

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

BitMine Immersion Technologies Company Profile

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