Reviewing BitMine Immersion Technologies (BMNR) & The Competition

BitMine Immersion Technologies (NYSE:BMNR) is one of 343 public companies in the “Financial Services” industry, but how does it contrast to its competitors? We will compare BitMine Immersion Technologies to related businesses based on the strength of its dividends, analyst recommendations, valuation, institutional ownership, earnings, risk and profitability.

Risk & Volatility

BitMine Immersion Technologies has a beta of 1.61, indicating that its share price is 61% more volatile than the S&P 500. Comparatively, BitMine Immersion Technologies’ competitors have a beta of 2.27, indicating that their average share price is 127% more volatile than the S&P 500.

Earnings and Valuation

This table compares BitMine Immersion Technologies and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
BitMine Immersion Technologies	$6.09 million	$348.58 million	501.48
BitMine Immersion Technologies Competitors	$6.31 billion	$1.08 billion	9.84

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.

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 4.1% and pay out -86.5% 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.

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	-407.52%	-22.02%	-5.73%

Insider and Institutional Ownership

43.2% 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, 22.1% of shares of all “Financial Services” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings and price targets 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	3	0	2.40
BitMine Immersion Technologies Competitors	1901	6736	11419	414	2.51

BitMine Immersion Technologies presently has a consensus price target of $46.80, suggesting a potential upside of 86.65%. As a group, “Financial Services” companies have a potential upside of 3.20%. Given BitMine Immersion Technologies’ higher probable upside, research analysts plainly believe BitMine Immersion Technologies is more favorable than its competitors.

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.