IREN (NASDAQ:IREN – Get Free Report) is one of 959 publicly-traded companies in the “Software” industry, but how does it contrast to its peers? We will compare IREN to similar companies based on the strength of its earnings, valuation, institutional ownership, risk, analyst recommendations, profitability and dividends.
Profitability
This table compares IREN and its peers’ 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% |
Risk & 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 peers have a beta of 1.19, suggesting that their average stock price is 19% more volatile than the S&P 500.
Analyst Ratings
| 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, suggesting a potential upside of 82.57%. As a group, “Software” companies have a potential upside of 276.64%. Given IREN’s peers higher possible upside, analysts plainly believe IREN has less favorable growth aspects than its peers.
Insider and Institutional Ownership
41.1% of IREN shares are owned by institutional investors. Comparatively, 42.4% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Comparatively, 19.7% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Valuation and Earnings
This table compares IREN and its peers revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| IREN | $707.01 million | -$702.62 million | -19.09 |
| IREN Competitors | $1.81 billion | $387.51 million | 102.47 |
IREN’s peers have higher revenue and earnings than IREN. IREN is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Summary
IREN peers 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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