IREN (NASDAQ:IREN – Get Free Report) is one of 959 public companies in the “Software” industry, but how does it weigh in compared to its competitors? We will compare IREN to related companies based on the strength of its institutional ownership, earnings, analyst recommendations, risk, valuation, dividends and profitability.
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% | 30.38% | -8.95% |
Volatility & Risk
IREN has a beta of 4.28, suggesting that its stock price is 328% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.19, suggesting that their average stock price is 19% more volatile than the S&P 500.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| IREN | 2 | 3 | 15 | 1 | 2.71 |
| IREN Competitors | 5484 | 21117 | 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 275.84%. Given IREN’s competitors higher probable upside, analysts clearly believe IREN has less favorable growth aspects than its competitors.
Insider & Institutional Ownership
41.1% of IREN shares are held by institutional investors. Comparatively, 42.3% of shares of all “Software” companies are held by institutional investors. 5.0% of IREN shares are held by company insiders. Comparatively, 19.8% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
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 | -19.09 |
| IREN Competitors | $1.82 billion | $387.52 million | 102.50 |
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.
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.
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