IREN (IREN) and Its Competitors Head to Head Review

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

Institutional & Insider Ownership

41.1% of IREN shares are held by institutional investors. Comparatively, 42.4% of shares of all “Software” companies are held by institutional investors. 5.0% of IREN shares are held by company insiders. Comparatively, 19.7% of shares of all “Software” companies are held by company 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.

Analyst Recommendations

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

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5485	21118	44061	1449	2.58

IREN presently has a consensus price target of $81.57, indicating a potential upside of 82.57%. As a group, “Software” companies have a potential upside of 276.67%. Given IREN’s competitors higher probable upside, analysts clearly believe IREN has less favorable growth aspects than its competitors.

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-19.09
IREN Competitors	$1.80 billion	$386.72 million	102.46

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.

Risk & Volatility

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

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	-629.75%	30.37%	-8.95%

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.