Analyzing IREN (IREN) & Its Rivals

IREN (NASDAQ:IREN) is one of 958 publicly-traded companies in the “Software” industry, but how does it weigh in compared to its rivals? We will compare IREN to related businesses based on the strength of its valuation, dividends, profitability, risk, analyst recommendations, earnings and institutional ownership.

Analyst Ratings

This is a summary of recent recommendations for IREN and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5509	21140	44138	1453	2.57

IREN currently has a consensus price target of $81.57, suggesting a potential upside of 86.11%. As a group, “Software” companies have a potential upside of 289.57%. Given IREN’s rivals higher probable upside, analysts clearly believe IREN has less favorable growth aspects than its rivals.

Insider & Institutional Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.1% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 19.8% of shares of all “Software” companies are owned by 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.

Risk and Volatility

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

Profitability

This table compares IREN and its rivals’ 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	-629.81%	30.36%	-8.98%

Earnings & Valuation

This table compares IREN and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-18.73
IREN Competitors	$1.81 billion	$387.49 million	103.10

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

Summary

IREN rivals 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.