Iris Energy (NASDAQ:IREN – Get Free Report) and Bit Origin (NASDAQ:BTOG – Get Free Report) are both small-cap oils/energy companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, risk, earnings, valuation, analyst recommendations, institutional ownership and profitability.
Institutional & Insider Ownership
41.1% of Iris Energy shares are held by institutional investors. Comparatively, 1.1% of Bit Origin shares are held by institutional investors. 21.5% of Iris Energy shares are held by insiders. Comparatively, 1.1% of Bit Origin shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Profitability
This table compares Iris Energy and Bit Origin’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Iris Energy | N/A | N/A | N/A |
Bit Origin | N/A | N/A | N/A |
Analyst Ratings
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Iris Energy | 0 | 1 | 8 | 0 | 2.89 |
Bit Origin | 0 | 0 | 0 | 0 | N/A |
Iris Energy presently has a consensus price target of $15.63, suggesting a potential upside of 106.68%. Given Iris Energy’s higher probable upside, equities analysts plainly believe Iris Energy is more favorable than Bit Origin.
Earnings & Valuation
This table compares Iris Energy and Bit Origin”s revenue, earnings per share and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Iris Energy | $188.76 million | 5.87 | -$28.95 million | N/A | N/A |
Bit Origin | $7.09 million | 0.98 | -$28.22 million | N/A | N/A |
Bit Origin has lower revenue, but higher earnings than Iris Energy.
Volatility & Risk
Iris Energy has a beta of 3.41, indicating that its stock price is 241% more volatile than the S&P 500. Comparatively, Bit Origin has a beta of 1.34, indicating that its stock price is 34% more volatile than the S&P 500.
Summary
Iris Energy beats Bit Origin on 7 of the 8 factors compared between the two stocks.
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
About Bit Origin
Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.
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