IREN (NASDAQ:IREN – Get Free Report) is one of 958 publicly-traded 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 dividends, analyst recommendations, valuation, risk, profitability, earnings and institutional ownership.
Volatility & Risk
IREN has a beta of 4.29, meaning that its share price is 329% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.16, meaning that their average share price is 16% 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 provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| IREN | 2 | 4 | 14 | 1 | 2.67 |
| IREN Competitors | 5251 | 20748 | 43281 | 1414 | 2.58 |
Institutional and 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, 20.1% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares IREN and its competitors revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| IREN | $501.02 million | $86.94 million | 85.90 |
| IREN Competitors | $1.82 billion | $387.96 million | 74.35 |
IREN’s competitors have higher revenue and earnings than IREN. IREN is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
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 | 20.90% | -13.13% | -6.03% |
| IREN Competitors | -624.09% | 40.37% | -7.95% |
Summary
IREN beats its competitors 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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