Contrasting IREN (IREN) & Its Competitors

IREN (NASDAQ:IREN) is one of 959 publicly-traded companies in the “Software” industry, but how does it compare to its competitors? We will compare IREN to related businesses based on the strength of its analyst recommendations, institutional ownership, risk, dividends, earnings, valuation and profitability.

Valuation & Earnings

This table compares IREN and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-16.92
IREN Competitors	$1.81 billion	$388.29 million	98.76

IREN’s competitors have higher revenue and earnings than IREN. IREN is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.3% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Comparatively, 19.8% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares IREN and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
IREN	-99.38%	-15.46%	-5.51%
IREN Competitors	-630.98%	30.65%	-8.96%

Volatility & Risk

IREN has a beta of 4.28, indicating that its share price is 328% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.19, indicating that their average share price is 19% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings and target prices for IREN and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5466	21046	43982	1444	2.58

IREN presently has a consensus price target of $81.57, suggesting a potential upside of 105.99%. As a group, “Software” companies have a potential upside of 272.14%. Given IREN’s competitors higher probable upside, analysts clearly believe IREN has less favorable growth aspects than its competitors.

Summary

IREN competitors beat IREN on 7 of the 13 factors compared.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.